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

To: md1derful who wrote (7503)	9/4/1998 1:50:00 PM
From: EPS	Read Replies (2) \| Respond to of 22640

Doc, I only have (way) out of the money October calls. At this point I have basically written them down as a total loss. Will probably roll up and such to keep the ball going... A bullish comment: at this point I can hardly see positive news that will propel TBR upward in a meaningful way in the next few months. The auction buyers have remained silent, the listing of the companies has taken a long time and in fact will take effect in a terrible general market for emerging markets and non emerging markets as well. Interest rates of 25% will not help the Brazilian economy and can only be considered seriously as interim measures until the elections. Oh well, I had the chance to sell at 125 for 100% profit! Pigs get.. Victor contrarian indicator no doubt

To: md1derful who wrote (7503)	9/4/1998 1:59:00 PM
From: Steve Fancy	Respond to of 22640

Hey Doc, I've been working my way out of some of the puts I sold...thinking of buying back more, but not entirely convinced it's going lower yet. sf

To: md1derful who wrote (7503)	9/4/1998 6:52:00 PM
From: djane	Respond to of 22640

md1derful, I'm still here with all of my shares ($82 basis) and wading through all of Steve's helpful posts trying to figure out what happened. Thanks again, Steve. I blame you completely for all of my pain :-) Completely, absolutely kidding. What's the line from the Naked Gun movies? -- I picked a bad week to stop shooting heroin... If there is any hopeful sign, oil prices have jumped in the last 2 days and the Venezuelan market actual was up .40% today. I thought Brazil got hit mostly because of a possible huge Venezuelan devaluation. If oil prices rise, that's not bloody likely. Now, if Japan can get their shit together (I know, not bloody likely) and Russia can reach some semblance of stability (I know, not bloody likely).... So, how long before US/European brokerages instruct their "analysts" to start pumping out positive reports on Brazilian/Mexican stocks to save their big butts? Yeah, it's corrupt, but I'll take it at this point. It won't even begin to even the score with the even more corrupt Moody's report. Hey, we missed the Asian crisis so we'll get even with Latin America -- nice logic. For posterity, today's action in Latin America Brazil Bovespa Index ^BVSP 4:35PM 5837 -381 -6.13% Chart , News Canada TSE 300 Composite ^TSE 6:00PM 5742.51 +31.33 +0.55% Chart Chile IGPA ^IGPA 6:31PM 3148.26 -57.99 -1.81% Chart , News Mexico IPC Index ^MXX 4:28PM 3045.170 -57.220 -1.84% Chart , News Peru Lima General ^IGRA 3:01PM 1280.99 -10.70 -0.83% Chart , News United States S&P 500 ^SPX 5:00PM 973.89 -8.37 -0.85% Chart , News Venezuela IBC ^IBC 2:56PM 2737.45 +10.92 +0.40% Chart , News