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


To: CuttotheCore who wrote (6851)8/19/1998 2:02:00 PM
From: md1derful  Read Replies (1) | Respond to of 22640
 
RK: I agree with you....it just seems that the worst is already reflected in the stock, that is, its value becomes so compelling that selling pressure dries up...it seems to me that we are at that point now, but who knows??? There may also be some frustration that the thing hasn't been divided yet, why would one even want to buy now and go through this misery when better times lie ahead after the breakup. That may explain the lack of buying and why we may be stuck in this trading range until the breakup....but I just don't see anymore heavy selling at this point.