Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: falcon who wrote (12197)	1/21/1999 6:40:00 PM
From: Steve Fancy	Respond to of 22640

Kmct, yes they're quite cheap. If you listen to all the experts in the world, they're gonna get cheaper. I have no opinion over the short term...next couple weeks. I can tell you that I have my long Brazilian investments hedged with some very expensive TBH puts. My advice would probably be to stay tuned. I'm not adding to my positions till we hit the lows of a couple weeks ago, or if sentiment is bad enough, the lows of last year on TBH (46). I'm loaded up enough on the long side though that I'm covered if we experience a sudden reversal in direction again. When it happens, it'll probably happen fast. sf