Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST, Wednesday, October 24, 2007: For
reasons that baffle Wall Street's brightest minds, stock prices continue rising.
Lucky us. Floating around Australia's financial community are "Crib
Notes for Stock Analysts." This is a cheat
sheet purporting to show how to react to data and market releases in the current
market. This will help you understand what they say on CNBC.
+ Weak data
- Fed ease, stocks rally.
+ Consensus data - lower volatility, stocks rally.
+ Strong data - economy strengthening, stocks rally.
+ Bank loses $4 billion - bad news out of the way, stocks rally.
+ Oil spikes - great for energy companies, stocks rally.
+ Oil drops - great for consumer, stocks rally.
+ Dollar plunges - great for multinationals, stocks rally.
+ Dollar spikes - lowers inflation, stocks rally.
+ Inflation spikes - will inflate all assets, stocks rally.
+ Inflation drops - improves earnings quality, stocks rally.
pretty chart -- a pretty awful chart.
This is the chart of a new biotech company which disappointed with its first
(and erstwhile most promising drug) -- an anti-obesity drug. Manhattan had to
withdraw the fat drug because it didn't work. It re-grouped and found four other
drugs. These are all promising clinical stage products, three of which are in
dermatology. One of its most promising is to help psoriasis, which is pretty
awful if you have it. My sister does, so I'm familiar with it. About 4 1/2 million
Americans suffer from it and would like to get rid of it. Here are photos showing
how well Manhattan's drug works.
Its other three
products are selling successfully overseas, Manhattan's job is now to usher
its four drugs through the FDA (Federal Drug Administration) and get permission
to sell them in the U.S. If it gets permission on any one of them, Manhattan's
present ultra-depressed stock will be a minimum ten-bagger. For a recent Manhattan
880,000 have been evacuated from their homes: Over
1,250 homes have been destroyed. The devastation from the continuing fires (many
still out of control) in Southern California is immense. With global warming
(for whatever reason) fires are likely to become more common. Here are two diagrams
from the Los Angeles Times that contain useful information -- if you're
thinking of building a new house. My partner has left his house in Rancho Santa
Fe. So far, its been spared. We're praying for him.
doctor whooped for joy, the day I went on Medicare. He
said dealing with the Feds was much easier than dealing with my private health
provider, Oxford. Basic Medicare is free. Why? I hadn't earned it. I hadn't
bought it. I had simply gotten older. Not much of an accomplishment. Not one
I want to reminded of.
daily regimen of 1 1/2 hours of aggressive singles tennis, around-town biking
and limited food intake is paying huge dividends. I'm in the best condition
I've even been. My weight is down 12 pounds from its peak to 174. (I'm 6' 2".)
My blood pressure is 105 over 65. My pulse is 61. And the only pills I take
are omeprazole (the generic form of Prilosec). I'm ecstatic, and bragging.
Clayton, the movie: As I watched, I squirmed.
works in a large law firm under intolerable pressures. My
baby daughter, Claire, is a new lawyer, working now in a large firm. I wondered
what lay ahead for my sensitive Claire. The movie disturbed me. My wife thought
I was nuts. She's in love with George Clooney. She loved the movie. That's what
makes horse races. Is George Clooney really the sexiest man alive? Will Medicare
pay for an operation to make me look like Mr. Clooney?
to Turkey: I'm going for a real estate seminar
focusing on commercial opportunities in emerging places. I'll be back on Sunday.
My next column will be on Monday.
world's worst golf joke:
A couple of old guys were golfing one day, when one of the men said
that he was going to go to Dr. Basil for a new set of dentures in the morning.
His elderly friend
remarked that he, too, had gone to the very same dentist two years before.
'Is that so?'
the first old gentleman asked. 'Did he do a good job?'
The second gent
replied, 'Well, I was on the golf course yesterday when the fellow on the ninth
hole hooked a shot. The ball must have been going at least 200 mph when it smacked
me right in the testicles.'
The first old
guy was confused and asked, 'What does that have to do with your dentures?'
The second man
answered, 'That was the first time in two years that my teeth didn't hurt.'
six best Jewish mother jokes:
Why don't Jewish
Alcohol interferes with their suffering.
A man calls his
mother in Florida. "Mom, how are you?"
"Not too good," says the mother. "I've been very weak."
The son says, "Why are you so weak?"
She says, "Because I haven't eaten in 38 days."
He says, "That's terrible. Why haven't you eaten in 38 days?
The mother answers, "Because I didn't want my mouth filled with food if
A Jewish boy comes
home from school and tells his mother he's been given a part in the school play.
"Wonderful. What part is it?"
The boy says, "I play the part of the Jewish husband."
The mother scowls and says, "Go back and tell the teacher you want a speaking
How many Jewish
mothers does it take to change a light bulb?
(Sigh) Don't bother, I'll sit in the dark, I don't want to be a nuisance to
Did you hear about
the bum who walked up to the Jewish mother on the street and said, 'Lady, I
haven't eaten in three days.'
*"Force yourself," she replied.
What did the waiter
ask the group of dining Jewish mothers?
'Is ANYTHING all right?'
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 you do. That money, if there is any, may help pay Claire's
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