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

To: Steve Fancy who wrote (12214)	1/22/1999 2:37:00 AM
From: djane	Respond to of 22640

Most managers are closely tracking shares of the former Telebras phone system, which split into 12 separate American depositary receipts in November but are also listed as a single basket stock. Mr. Selmier says he would buy the basket, which trades under the symbol TBH, if it dropped back to the $50 range Steve, how much you want to bet that these managers monitor the SI thread for sentiment purposes? If thread sentiment is bullish, it helps their decision to sell/not buy, and vice versa. It's not a perfect correlation, but it seems to work well with most SI threads. djane P.S. Personally, I went long TBH at 64 today for a short-term trade. We'll see if my bullishness is punished by the trading gods...