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

To: Steve Fancy who wrote (6875)	8/19/1998 11:46:00 PM
From: Oracle	Read Replies (1) \| Respond to of 22640

I must admit, I am getting really tired of TBR, have lost a lot on this one, and the year was looking so good. Will probably have one more go for some cheap calls - then forget it.

To: Steve Fancy who wrote (6875)	8/20/1998 12:51:00 AM
From: jeremy smith	Read Replies (2) \| Respond to of 22640

Hi there - don't write me off just yet ol' buddy!! truth is I spent the last two weeks down in Sao Paolo - and then plain did not have the energy or inclination to log on in the evenings. I promise to come back out to play real soon. For the meantime, I regret to say I don't think this is over yet. I think we have a decent shot at retesting last fall's lows (85 or so, wasn't it?). Many dealers though are short, and so we have the propensity for a nice squeeze building up. The trigger for this might well be the Russian announcemnet due Monday for the restructuring of their GKOs (T-bills). If this turns out to be more friendly than was the original fear, then we're off to the races. Some shorts might therefore want to cover in Friday - ahead of this. I'll post soon. Sorry for the absence.....(but they haven't fired me ....yet!) j.