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

To: Steve Fancy who wrote (11465)	1/12/1999 2:07:00 PM
From: David Petty	Read Replies (9) \| Respond to of 22640

Steve, your take... 2-3 million shares TBH today... whereas 11 million traded during that September 10th low...

To: Steve Fancy who wrote (11465)	1/12/1999 2:10:00 PM
From: Bob Howarth	Respond to of 22640

I honestly believe they will throw in the towel before they run out of both their own money and the money the IMF is giving them, which they won't pay back either. The government will be forced I think to delare the SS system for retired (to misuse a term) civil servants that have looted the country completely bankrupt. They can either print money like the Russians or sacrifice and make a heroic restructure like the Koreans have but there is NO MIDDLE WAY (no magic even in Brazil).