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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (6819)	8/18/1998 7:27:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 22640

Restoring confidence, without numbers? It really looks good. Well we didn't buy at the lows but at 94+, but I agree that it seems to have found the bottom. Brazil is not Russia, and was able to follow the good mood on wall st. Price action reflected some interest on the buy side, and with eventual short covering, TBR will go to 110 at 1st of Sept. It s a good sign to recover the 200+ drop incurred at the beginning, despite much confidence will have to be established the next days. For the investors side, it makes me a bit sad and nervous - simply to postpone publishing Q numbers only with the reason that the company has broken up into 12 units. Usually it must be possible by any means to publish numbers, even unaudited for the whole bunch of the co's. never short TBR, but still doubtful to gear it. Christian