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

To: Worswick who wrote (11522)	1/13/1999 9:36:00 AM
From: Tony van Werkhooven	Read Replies (1) \| Respond to of 22640

Clark- I think you are to pessimistic. I'd like to think that a lot of the problems were already reflected in the price. The low during the LTCM/Russia debacle I believe provides a reasonable floor. I think at that time the sentiment was much worse. We will see- kind of reminds you of the asia meltdown Clark- although the issues are very different. By the way- from another post I saw- do you raise goats? Tony

To: Worswick who wrote (11522)	1/13/1999 9:51:00 AM
From: Steve Fancy	Respond to of 22640

I think they'll ultimately go up. Already trading at 60-70% of fair value IMO. I don't think you'll ever see 25-35, but obvilusly I've been wrong before. Selling some other stuff. Seems this should burst the US bubble. Rubin must have known this was coming as he made his comments yesterday? sf