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: steve kammerer who wrote (12271)	1/22/1999 3:09:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Steve, kind of a no-brainer that this is not the case. Yahoo is pretty dangerous. Hope not too many souls turn their computers off today with visions of cash, cash, cash on their TBR investments. Always possible this think triples on a cash out, but that would be a very speculative gamble. I may bail from my puts if TBH falls to the 59-60 range. Seems some selling pressure at the end of the day, as we've seen the last two, maybe a natural "fear-of-darkness" reaction. sf

To: steve kammerer who wrote (12271)	1/22/1999 3:23:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Brazil won't levy IOF on foreign stock investors Reuters, Friday, January 22, 1999 at 14:43 SAO PAULO, Jan 22 (Reuters) - Brazil's benchmark stock exchange said Friday that foreign investors in Brazilian stock funds will not be charged the additional Financial Operations Tax (IOF) that the government plans to levy starting on Jan. 24. As part of its austerity drive, the government announced last month a temporary increase of 0.38 of a percentage point in the IOF, which currently ranges between nil and 6 percent, to raise additional revenues. The government announced the tax hike as part of a series of new fiscal measures to compensate for a setback in its fiscal austerity drive, seen as crucial to protect the economy from an Asian-style currency collapse. Brazil's internal revenue service also reiterated on Friday that it will not charge the IPI industrial production tax in the first half of the year. As of June 30, however, a 5 percent tax will be levied on manufacturers of capital goods, except for theme park equipment makers, who will pay a 10 percent tax. Copyright 1999, Reuters News Service