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

To: Fred Levine who wrote (9670)	11/13/1998 9:56:00 AM
From: DMaA	Respond to of 22640

Speculation about devaluation has been a recurring theme here for some time. Devaluations solve nothing. If they did everyone in Mexico would be rich. The problem is they are never a "One Time" occurrence, they become habit forming. Investors are wise to the game. Just like they are wise to companies who report $1/share earnings, after the 10th annual "one time" $2/share restructuring charge.

To: Fred Levine who wrote (9670)	11/13/1998 1:37:00 PM
From: jayray	Read Replies (11) \| Respond to of 22640

Alert: Stocks rally on IMF deal for Brazil United Press International - November 13, 1998 12:45 NEW YORK, Nov. 13 (UPI) - Stock prices are sharply higher in moderate afternoon trading (Friday) on the New York Stock Exchange, lifted by the IMF bailout package for Brazil and a favorable reading on the economy. Brazil shrs trim more gains after IMF deal signed Reuters Story - November 13, 1998 13:03 SAO PAULO, Nov 13 (Reuters) - Brazilian stocks gave up more gains in mid-afternoon trading Friday as investors dumped their positions after the International Monetary Fund (IMF) announced a much-awaited loan package for Brazil……………. Looks like New York is throwing a party without inviting the guest of honor.