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

To: Steve Fancy who wrote (7724)9/10/1998 12:21:00 PM
From: Paul Shread  Respond to of 22640
 
This is getting closer and closer to home. You would think Brazil would be doing better relative to other markets; it's bigger, in better shape and I at least took the success of the TBR auction as a vote of confidence. This is truly getting ugly (hopefully, as you suggested, evidence of a bottom).

Paul



To: Steve Fancy who wrote (7724)9/10/1998 12:27:00 PM
From: MGV  Read Replies (1) | Respond to of 22640
 
Steve, I disagree. If Brazil devalues, TBR will plummet to low 40's. Devaluation is armageddon in market perception.



To: Steve Fancy who wrote (7724)9/10/1998 7:31:00 PM
From: Oracle  Read Replies (2) | Respond to of 22640
 
Steve,

I'll shout it from the tree-tops - TBR just broke the next support level at 55 - please, please don't buy anymore.

I'm not saying sell, just don't buy.


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