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

To: Steve Fancy who wrote (6982)	8/21/1998 1:29:00 PM
From: jeremy smith	Read Replies (1) \| Respond to of 22640

Honest opinion is I don't know. at work, I am running flat. for myself, I am on the point of buying some TBH - but not just yet. I do think that there is a short term REAL risk that this goes down a further 10%. Steve, my accounts are only just NOW starting to sell. Not because they want to, but because they HAVE to. This is the buying opportunity of the decade - but only if one can ride out further losses and take a long term view. Forget you TBR valuations everybody. Market dynamics have taken on a life of their own - and in my experience it is dangerous to "take them on" unless you have a long term view. All bets are off though if China goes.

To: Steve Fancy who wrote (6982)	8/21/1998 1:38:00 PM
From: djane	Respond to of 22640

Steve, I'm doing my part. Check out thestreet.com article posted below: thestreet.com Market Features: What TSC Readers Are Doing With Their Portfolios By TSC Readers 8/21/98 1:30 PM ET Here are some responses by readers to the selloff today. If you'd like to let us know what you're thinking, please email us at letters@thestreet.com. Please include your full name, and if you discuss stocks in your portfolio, let us know whether you're short or long. Being Aggressive As I'm in my mid-30s, I'm being aggressive today and buying some dirt-cheap foreign telecom stocks for the long-term -- Globalstar (GSTRF), Vimpelcom (VIP) and Telebras (TBH). What a great opportunity to establish positions which will be great performers in the next 3-5 years. Duane Mathews Oakland, Calif. Fore! I took the opportunity to take some profits out of a few short positions (TXN, MU) and opened a position in TLAB when the stock reopened.... now I am just going to turn my machine off and go play a quick 18.... the afternoon is setting up to be ugly... no, make that UGLY. Brett Halley Puts I am playing the oex options, sept 530, 520, puts. Bill Sadick Index Puts Trading account: Bought Index puts wed...wish I got more. 30% cash, holding on to few tech issues. IRA: Holding on to techs with covered calls as hedge 401: 60-70% cash rest in agressive growth. Will get more AG funds on 5-10% market dip Chad Krogh