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

To: RockyBalboa who wrote (9901)	11/19/1998 5:42:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

My guess is that this scandal blows over pretty quick for a couple of reasons. 1) They apparently can't open an investigation based on an illegally recorded tape. 2) The supposed favored consortium did not win the TNE, 3) Recent Cardoso blackmail attempt. 4)Sentiment today seemed to improve after Barros testimony got under way. Christian you're double posting some news. Appreciate all input even if a reiteration, but FWIW I feel every news piece I post, though some slightly repetitive, are significant to Brazil and our investments. If you don't scan them all, you may miss something significant. We oughta start hearing some comments from analysts on the new babies. If you're interested in the babies, keep an eye on TNE. Sentiment dampened due to lack of experienced operator in consortium, and government about to sell of a 25% chunk. Logic might suggest an experienced operator will be added. January options still look like a steal, I may pick up more. Still looking at the others. sf