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

To: md1derful who wrote (12249)1/22/1999 11:45:00 AM
From: Steve Fancy  Read Replies (1) | Respond to of 22640
 
Doc, I had got out of my NM's yesterday at 6 1/4...picked up 1 1/8. Got nervous and bought 2/3 my original position last night at 7 1/4. Like you bought them only for protection. I'm currently trying to guage the likelyhood of another fall on Monday. I'll probably cash 'em out and chance it. Bad news out of Hong Kong or China could push us back towards 50. Sounds like you think the worst is over? Depending on the DOW, it could sell off at the end of the day yet. Has done that in the last 30 minutes or so the last two days.

sf



To: md1derful who wrote (12249)1/22/1999 11:47:00 AM
From: steve kammerer  Respond to of 22640
 
Doc, you said ".I am somewhat dismayed that the stock has
fallen with the currency and agree that those lofty prices we were hoping for are unlikely to occur without some currency strengthening

"The stock in America has to fall with the currency or arbitrague will take place between USA and Brazil to make that happen. I bet the stock has fallen like that in Brazil.
stevek


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