Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Fancy who wrote (9122)	10/22/1998 11:32:00 PM
From: esterina	Respond to of 22640

I also think this stock will be up over 110. Way oversold. Check out CLST also. CELLSTAR. which sells cellular in South America. cheap at 5 1/2 down from a high of 24.50.

To: Steve Fancy who wrote (9122)	10/27/1998 12:44:00 PM
From: CuttotheCore	Read Replies (2) \| Respond to of 22640

Steve, I actually was answering this post timely when aol cut me off. After it was lost, I didn't get to recreate it. Now, it saves me from any prognosis at the top, when we were once again jubilant, and forgot all the variables that apply to this "wild animal". Support, as evidenced today is at 72+, where the 50 dma (72.5588) sits just above the 20 dma (72.2031). This should be significant support, but not sufficient to support a panic brought on by rumors of a Brazil recession, which I saw on a trading thread this am, by one suggesting a good play was to short Brazil. My thought was that Brazil has been in recession for 6 months! Of course this was true last week when the anticipated breakout broke down, but the better move was to buy at this support level this am, not sell. Who could possibly have anticipated this if they knew all the extrinsic evidence, but perhaps if one was going on a pure t/a play. Got to run, but upside is 95-96, thought downside is bleak. Remember we never went back and tested the support at 49. Good luck.