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

To: Robert L. Ray who wrote (7895)	9/11/1998 2:58:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Hello Robert, thanks for the support. Sounds like you've been involved with TBR a long time. I didn't realize it ever traded on the Nasdaq with a different symbol. Are you sure this was TBR? Good luck with your investment. I'd say there's a good chance you bought near the bottom. Due to the "Clinton paper" delay I'm probably waiting till Monday or Tuesday to open any positions, just in case of another big sell off. I didn't really like the way the bottom was put in yesterday. Regarding TBR/TBH, it's my understanding that after the companies actually list, investors will be able to fully analyze the new companies over time, and slowly bale from TBH and become selectively involved with the new companies, therefore slowly reducing the liquidity of TBH. I'm hard pressed to even guess why TBH was initiated with a premium over TBR, how it is maintained, and why it fluctuates. AGPH, it ain't over till it's over. Not convinced yet, but not understanding the driving force over the last week or so. We'll see. Good luck, sf