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 (9191)	10/27/1998 4:57:00 PM
From: CuttotheCore	Read Replies (2) \| Respond to of 22640

Hey Steve, Why would we give brazil a big bailout package to save the world economy if the first thing they were going to do was to devalue their currency? Does that make sense? For that matter does anything about tbr??? If Brazil weathers the yet another crisis,then the 200 dma is the next significant resistance. TBR is technically positioned to take out the 200 dma, but it is not showing technical strength. Last week, we technically broke out, were poised to touch the sky (sound familiar), and immediately dropped 8 points in 3 days, fizz, fizz, where's the fizz. In the interim there's little resistance until we hit 85, except at 82+ where we stopped last week. All you have to do is supply good news and the 200 dma will be history. The good news has been hard to come by, and always tempered by offsetting bad news, ie Cardosa is elected but.... Checked a chart of the bovespa, looked like tbr to me, with the resistance at 8500, the gap from the fall and at 9000 from dec-jan lows together with the may-july pre-rally lows. What is needed is a good aid package, sufficient to eliminate the devaluation rumors, so that Brazil can finally carry its weight. If that doesn't work then I haven't heard any rumors about a period of prosperity either David.! This stock continues to remind me of my college's football team, regardless of the promise they continue to fail to sustain a rally. I think that may have been how the doc got to love pain!!! Best to all.