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

To: DMaA who wrote (7781)	9/10/1998 5:41:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

David, nope. I'll have to recalculate the listing prices of the 12 bras based on 50. These things are just getting waaaaay to cheap IMO. As the buyers come back, the dollars flow back in. I'm confident in Brazil...always have. I'm one of the very few who thought they'd hold close to the auction date. They let me down on the SS reform earlier this year, but that was not left a done deal...the remainder is yet to voted on. The one or two amendments to the bill they lost can be put through as amendments to the law later in the year with minumum voting required if I understand. I believe one of these days soon, everyone's gonna wake up and say what in the hell are we doin with TBR, and I think it may happen before the listings yet. I don't expect any fast runs up to 100, but don't think 75-80 is out of the question over the next 30 days. sf Disclaimer: I was a TBR bull earlier in the year and the stock is now trading at less than half it was then.