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

To: Steve Fancy who wrote (9359)	11/3/1998 3:36:00 PM
From: lebo	Read Replies (1) \| Respond to of 22640

TBR is an ADR and the US market is dampening it Patience is the key to success

To: Steve Fancy who wrote (9359)	11/3/1998 3:46:00 PM
From: CuttotheCore	Read Replies (1) \| Respond to of 22640

<The bovespa is up over 6%...TBR only up 2.89%. > But adding yesterday and today its closer, since bvsp was closed yesterday. If the congress would pass the welfare regulation and the bull keeps control of the us mkt we could have a big grin on our faces. And yes it was last thurs that we hit 68+. However I wish we were holding 80 as we close instead of falling back to 78, but weekly stocastics, williams %R and macd crossover are still very positive, which together with a dollar will buy you a cup of strong brazilian coffee.

To: Steve Fancy who wrote (9359)	11/3/1998 4:21:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

11 Brazil Telebras Spinoff ADRs Approved For NYSE Listing Dow Jones Newswires NEW YORK -- The registration process for 11 of Telecomunicacoes Brasileiras SA's spinoffs has been completed by the U.S. Securities and Exchange Commission, sources told Dow Jones Newswires. Sources at the Bank of New York and at the New York Stock Exchange, who asked to remain anonymous, said that long-distance carrier Embratel Participacoes SA hasn't yet been registered. They added that the date of record for distribution of the spinoff American depositary receipts and their subsequent listing on the NYSE haven't been decided yet. Officials at Embratel said they had no information about the registration process. Telebras was privatized on July 29, into 12 different companies. The new firms started trading in Brazil on Sept. 21, but their New York listing has been held up, pending SEC registration.