Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST Wednesday, May 24, 2006: The
initial fear was inflation. Then came the affect of higher interest rates on
arresting the economy (and thus the stockmarket). The latest fear is that the
Fed will seriously mess up the handling of the economy, driving it into recession.
The fear is real, palpable and translates into selling into upkicks. This has
seriously bad implications for the stockmarket for the next few months.
Check out this short-term behavior. As the market tries to bounce back, sellers
rush in and dump stock.
Am I saying Sell? I can't predict the future. No one can. But it definitely
looks ugly out there. It's too easy to make a case for ugliness -- new, untested
Fed chairman, higher interest rates and higher gas prices braking key economy
sectors, huge deficits, a declining dollar, government printing money. The summer
is not going to be easy.
The major good news is that I've kept us all out of big disasters, such as Microsoft,
Intel and Dell. The bad news is that I didn't recommend aggressively selling
them all short. Hopefully some of you did, anyway.
In short, lighten up.
Vision is liked: ThinkEquity Partners wrote a nice report with a
$4 target. This one is working.
For ThinkEquity Partners' report, click
wonders about Morgan Stanley. My personal experiences
with them have been bad. And I wouldn't recommend the firm to my worst enemy.
Now comes the news (from the Wall Street Journal):
Wall Street firm was recently fined $15 million by securities regulators led
by the Securities and Exchange Commission, saying the firm made "numerous
misstatements" to stock cops regarding its document-production capabilities
from 2000 to 2005.
The firm claimed it hadn't retained emails related to numerous big investigations
when in fact it had. The SEC alleges the firm destroyed other emails it was
required to keep. During settlement negotiations, regulators discussed but opted
not to provide some recourse for small investors affected by the document problems,
according to people familiar with the discussions. The firm settled without
admitting or denying guilt.
enraged members of the plaintiff bar, who represent small investors, some
of whom say that if securities regulators won't provide them access to the
emails they will simply file new arbitration cases against the firm. For instance,
Florida lawyer Darren Blum says he plans to file as many as 30 new cases,
asking for damages related to his clients' original claims and further damages
connected to the harm the firm's failure to produce documents caused his clients.
Arbitration is the primary forum for investor complaints.
Office 2007 Beta 2 is out: That doesn't mean
you should use it now. But if you're semi-curious of what Microsoft has in store
for you, Computerworld
has a preview --
French Open Tennis begins this Sunday: Set your TiVo.
The June schedule
is not up, yet.
pm to 5:00 pm
5:00 am to 3:00 pm
am to 1:30 am
am to 3:00 pm
One liners for my golfing friends
Golfer: Do you think my game is improving?
Caddy: Yes sir, you miss the ball much closer now.
Golfer: Do you think I can get there with a 5 iron?
Golfer: Youve got to be the worst caddy in the world.
Caddy: I dont think so, sir. That would be too much of a coincidence.
This column is about my personal search for the perfect
investment. I don't give investment advice. For that you have to be registered
with regulatory authorities, which I am not. I am a reporter and an investor.
I make my daily column -- Monday through Friday -- freely available for three
reasons: Writing is good for sorting things out in my brain. Second, the column
is research for a book I'm writing called "In Search of the Perfect
Investment." Third, I encourage my readers to send me their ideas,
concerns and experiences. That way we can all learn together. My email address
is . You can't
click on my email address. You have to re-type it . This protects me from software
scanning the Internet for email addresses to spam. I have no role in choosing
the Google ads. Thus I cannot endorse any, though some look mighty interesting.
If you click on a link, Google may send me money. Please note I'm not suggesting
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