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

To: Steve Fancy who wrote (12229)	1/22/1999 10:54:00 AM
From: Bob Howarth	Read Replies (2) \| Respond to of 22640

Brazil is too big and disorganized to have a currency board. I think the REAL will stabilize soon (I don't think 40 cents is a possibility anymore) and that US Treasury and EU will begin to treat REAL for first time as a currency they need to buy from time to time to help stabilize and guard against potential export / protectionism type things. When REAL finds solid support trading range for 4-6 weeks, then I think we will see an amazing rally, both in the REAL and in UBB.