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To: Aggie who wrote (46623)6/18/1999 8:07:00 PM
From: BigBull  Respond to of 95453
 
Aggie, many thanks for your instructive comments on UK recovery. My reason for being not quite as positive in my post about the UK economy was that the first quarter gdp numbers were flat. Further, it is my understanding, from various press reports, that manufacturing was still showing weakness.

1st quarter is now old news, however. Your report indicates that consumer sentiment is now quite bouyant. This is good for this part of the cycle. It is especially important wrt future oil demand coming out of Europe, as UK is almost always out first from general Euro recessions. Demand in the second half of the year should start to pick up substantially from Europe, imo. Now we have to watch Germany. I will welcome any perspective you may care to share on European economic developments from "the other side of the pond".

Does this mean I think that OS stock can't go down? Nope. In fact I may begin to daytrade some OSX puts as a hedge. Don't like the big reversal we had today. Looks like I got called out on my GLBL today, and may take profits in other issues I own. Write calls on the rest. But will definitely be looking to buy on most dips as my global boom scenario is become more of a reality every day.

Do keep us posted Aggie, and thanks again.

Bull