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


To: janie kotara who wrote (8430)9/23/1998 10:17:00 AM
From: Steve Fancy  Read Replies (1) | Respond to of 22640
 
Janie, these would be the symbols to watch for the baby bras, not sure what the others
in the top part of the list with an "F" appended to the symbol are. The symbols in the
bottom part of the list are any of the 53 individual pieces (these will trade
indefinitely in Brazil...don't worry about those, provided FWIW) that traded that day,
options and receipts.

Don't feel dumb, it's confusing. Again these are the symbols to compare against our
TBR and the CHG field will tell you if they're up or down and by how much. The initial
list I produced showed the CHG field on any symbols that had never traded previously
as 0 because there was no previous close to compare against. I'll see if I can fine
tune the list to offer this summary and separate everything else as I get time. The ON symbols are the common shares which don't and won't
trade in the US. For comparison purposes we look only at the PN
shares.

EMBRATEL PAR PN * EBTP4 17.00 18.00 16.00 16.00 + 6.66% 82 138,100,000
TELE CL SUL PN * TCSL4 1.80 2.00 1.55 1.71 + 1.18% 56 99,900,000
TELE CTR OES PN * TCOC4 0.47 0.72 0.47 0.62 +55.00% 85 198,700,000
TELE CTR SUL PN * TCSP4 10.50 11.50 10.50 11.08 +10.57% 64 119,000,000
TELE LEST CL PN * TLCP4 0.60 0.60 0.50 0.54 - 1.81% 70 261,400,000
TELE NORD CL PN * TNEP4 0.55 0.60 0.51 0.58 +13.72% 50 360,700,000
TELE NORT CL PN * TNCP4 0.13 0.40 0.13 0.31 +%158.33% 64 613,200,000
TELE NORT LE PN * TNLP4 15.00 15.00 12.95 14.00 - 6.66% 37 51,400,000
TELE SUDESTE PN * TSEP4 3.60 3.70 3.40 3.50 + 6.06% 90 176,400,000
TELEMIG PART PN * TMCP4 1.31 1.60 1.25 1.34 + 2.29% 36 89,200,000
TELESP CL PA PN * TSPP4 7.80 8.50 7.49 8.40 +12.00% 63 147,400,000
TELESP PART PN * TLPP4 32.00 33.00 27.00 28.00 - 3.44% 172 324,700,000
=======
R$ 86.08

R$86.08 / 1.1835 = US$ 72.73

As far as which babies to buy, depends on where everything stands the day before the
split I guess. A long termer may want to consider holding them all and checking back
in 5 years. That will likely be my recommendation to my Mother. Look at the
volatility in some of the cheap babies. Course this should settle down by the time
they list here. Stay tuned, and ask any further questions you may have.

Yes, I'm still long 50% of my original position which is still HUGE. I will
supplement with calls as I see fit.

Good luck

sf