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

To: David Petty who wrote (11461)	1/12/1999 2:09:00 PM
From: Steve Fancy	Respond to of 22640

David, short of a devaluation, I think she could easily rebound to the 75-85 range by mid Feb. There's money waiting. Watch the last hour for any sign. I will probably get my feet wet with some cheap TSP July 20's...half a position. I am leary. If Dow sells off tomorrow, could go to 58, maybe 56 pending congress news which we probably won't see till end of day. Could see speculation from head lawmakers yet tonight or tomorrow though. I expect the vote to roll right on through. These guys must have the fear of God at this point. Jerk Itmar. sf