To: SliderOnTheBlack who wrote (44764 ) 5/14/1999 2:31:00 PM From: BigBull Read Replies (1) | Respond to of 95453
Slider - HLX - AAAAAARRRRRGGGGG! Well you got my shares today! I'm an OS virgin no more. My first loss in the patch. Oh well, can't win 'em all. I want to put the money in a different stock. I don't ever think I'll see OII at 14, so it's UFAB or GLBL. I prefer GLBL, but whoever hits 10 first gets the money. <g> The two big questions. 1. When do the cuts (both domestic and foreign) hit API? 2. When does "Wall Street" crank up the OSX propaganda machine? I don't know. Soon though. Probably not more than a month. The world wide economic statistics can now no longer be denied or sloughed of with words like "anemic" and "tepid". Malaysia reported 5% gdp growth last quarter - we are talking Malaysia here! The Brazil stats really are a shocker to me, I was expecting next quarter. Those European car numbers are very strong. The global boom signs are all there. The question is when Wall Street starts making the link? Soon, remember what the Quantum guy said? Wall Street knows what's coming. If they didn't, they wouldn't be pouring money into Asia and Latam like the currently are. Remember what Buffet said about Great Britain? Europe is also turning the corner. Also, remember what Cramer said? If we get bad inflation numbers, everything get whacked. But use the selloff for buying cyclicals. A Dutch company isn't waiting, they are trying to buy CSE RIGHT NOW! So; what to do? I expect a retest of the wednesday low. I will make my last purchase then and WAIT. Never said I could pick exact bottoms. If I could ride out the Jan swoon, I can ride out the May dip. I believe the OSX breakout point of 71 will provide good support. We may see OSX 66 - 68 on a panic, but it will disappear as fast as dew in a hot Georgia summer.