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

To: Steve Fancy who wrote (11992)	1/19/1999 2:09:00 PM
From: Telemarker	Respond to of 22640

Hello Steve. Still grinding my teeth at the thought of all that snow you've got. Looks like the Bovespa is an island of strength today, along with the NASDAQ. Apparently some optimism surrounding the upcoming votes. Late on Friday I purchased some TBH Feb. 70 Calls, in an uncharacteristic fit of optimism. Rookie trade - probably means that it has a better chance of success than most . Once again, the spotlight is on the Brazilian Congress as the world watches. I recall a post from last December pointing out that the the administration made a fatal flaw in its last presentation of the SS reform bill to congress by including a matter on legislators pay in the bill. If the administration can keep the IMF at arms length (plus 1,000 km or so) they will learn from this, and will win this time. Guess I've become so cynical by now that I just have to laugh, and hope. Saludos.

To: Steve Fancy who wrote (11992)	1/19/1999 2:31:00 PM
From: md1derful	Read Replies (3) \| Respond to of 22640

SF: Hi snowman....fwiw, in regards to ubb...I picked up some ubbnb's at about 1 3/4 a few days ago..wouldn't mind owning this puppy at 8 1/4!! Steve, are you going to play the impending dividend distribution of ubb...she goes "ex" tomorrow, doesn't she?? Would be interested in going long the ubbnb's overnight to sell in am when stock goes down after distribution..how would you try to "capture" the dividend..interested in your thoughts...regards Owen