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

To: md1derful who wrote (8755)	10/2/1998 2:18:00 PM
From: Steve Fancy	Respond to of 22640

Doc, kinda my feeling. I have expected a recession next year ever since interest rates were raised. They'll be feeling the after effects of this alone probably into mid-next year. Despite the losses, I have noticed an odd strength to the stock most of the week...seems to have gone down very reluctantly. We shall see. Maybe a short covering Friday? I bailed from my puts this morning and bought some 70 calls. Picture this scenario..."Everythings OK Monday rally". Japan announces the remaining bank plan details over the weekend that are greeted with overwhelming glee, Cardoso wins the election with 60% total vote and offers an incredible reform and budget cut plan, and Russia unearths the largest gold mine ever found. Market rallies Monday, then Motorola blows out estimates Monday night for the first time in 10 years, AMD and JBIL blowout earnings Tuesday night... Can dream can't we? sf sf