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


To: Paul Shread who wrote (7723)9/10/1998 12:15:00 PM
From: Steve Fancy  Read Replies (3) | Respond to of 22640
 
Paul, if Brazil were to devalue, I suspect TBR may rally from these levels. At 53, I believe there is a 60-70% devaluation built in. Currency estimated to be overvalued per a recent article by 10-30%.

Looks like TBR may turn 10 million shares today. Has been trading very high volume the last few days.

sf



To: Paul Shread who wrote (7723)9/10/1998 12:48:00 PM
From: DMaA  Read Replies (1) | Respond to of 22640
 
Me too. For the sake of the people of Brazil.

I genuinely hope these devaluation rumors are just that: rumors.