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

To: Mike who wrote (11511)1/13/1999 7:11:00 AM
From: RockyBalboa  Read Replies (1) | Respond to of 22640
 
Lopes announced this morning new band of R$1.20/R$1.32 up from R$1.12/R$1.22.

Has that been done in the past already? I mean, a band realignment, only when the old band is used up by the floating of the Real?
Just want to figure out whether that constitutes a change in policy or not.

C.



To: Mike who wrote (11511)1/13/1999 8:05:00 AM
From: RockyBalboa  Read Replies (3) | Respond to of 22640
 
This does not mean that we will go to R1.32 today!

Oh, the R$ trades at 1.3150/70, according to reuters.
However, I think much of that is already priced in the stocks.

C.


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