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

To: md1derful who wrote (8819)	10/5/1998 10:12:00 AM
From: jayray	Read Replies (1) \| Respond to of 22640

Doc, I expected at least a slight bounce in TBR based on FHC's reelection and the article I posted agreed. So then TBR opened in NY at 67 1/2, down almost 3; just checked - 9:55am - and it's 66 1/8! For what it's worth I'm not a "recessionist", just a very depressed, very long, long. At this point I believe external events (Japan, China,lack of concrete aid proposals, changes in the jet stream, Cindy Crawford's latest movie bomb) will drive TBR's price lower. With hedge funds faltering and other institutions under redemption pressure it looks like TBR will be a "save my ass" golden goose for the incompetents running them. We who invested based on fundamentals, which are still strong, are taking it on the chin big time. Flash! CNBC has just announced possible action on a Brasil bailout package with a speech from Clinton later in the week. Let's just hope the Ging-grich and his crew get their nose out of Clinton's pants long enough for him to exercise some positive leadership on our behalf.