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

To: Telemarker who wrote (11699)	1/14/1999 2:24:00 PM
From: Steve Fancy	Respond to of 22640

Bovespa was down 9.63%, now 9.67%...hate to keep saying it, but I think the government may be offsetting hysteria. We've seen it happens several times before. sf

To: Telemarker who wrote (11699)	1/14/1999 2:31:00 PM
From: Steve Fancy	Respond to of 22640

Bovespa continuing to recover down 8.92%...I just don't buy such a speedy recovery. Somebody started buying in force after it reopened. sf

To: Telemarker who wrote (11699)	1/14/1999 3:33:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil denies any plan to free float the real...may be lots if disappointed buyers tomorrow. The bovespa will have to open up up a couple % and maintain it ahead of the long weekend and potential for markets down across the world tonight. Been here...done this. Maybe through some miracle Brazil will muster up a gain tomorrow. At this point I don't believe anything Brazil has to say. I remain bullish, but not until the masses believe the currency is fairly valued. sf