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

To: David Petty who wrote (12319)	1/24/1999 12:23:00 AM
From: Telemarker	Read Replies (1) \| Respond to of 22640

You're right, David. It's becoming painful to think about this too much. It's been more painful to be on the long side of Brazil lately. Having said that, I'm miffed that the GOB repainted the target on their backs by intervening on Friday. Guess it would make sense that the IMF advised them on this one, too. Certainly don't think that's what the marketplace wanted to hear. "We're gonna float it, well sort of". Uh huh. I've been so wrong for so long, I plan to stay aloof for some time now. Thus, will stay content to be long just a few TBH shares and short some out of the money UBB puts after having been again disappointed with a trade to the long side of TBH calls this last week. Here's hoping for lots of diversions! Regards.