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

To: Steve Fancy who wrote (11193)	1/5/1999 3:39:00 PM
From: David Petty	Read Replies (4) \| Respond to of 22640

Steve, I think the Brazilian government makes up the rules as they go along... You are right, this sure is a "curious" day... with all that is floating around today, it would have not been surprising to see Bovespa/telebabies down... Is this how it feels to be a juggler of knives...

To: Steve Fancy who wrote (11193)	1/5/1999 8:16:00 PM
From: Tony van Werkhooven	Respond to of 22640

Steve- Your post: Senate's new leader expects CPMF to be approved tomorrow Jan/05/99 at 01h22 pm ET You were scratching your head trying to understand the sudden change. My sense is that this is talk- nothing more- confidence building. Note the the references to what happens if they don't have a quorum. These guys are not even sure if they have a quorum or when a quorum will exist. At the same time though, I agree with you that the will pull the rabbit out of the hat by the time this session is over. Tony