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On turning 70 this Sunday

I don’t feel old. I’m healthy. I look old. But I don’t look at myself in the mirror. Too frightening.

I’ll never be a great tennis player nor a billionaire. I’ll never able to write software.

But there are real joys. My family is number one. Their awesome accomplishments and their continued happiness. And Susan’s ongoing, incredible ability to pull it all together.

I fear for the mess in Washington and Europe. But I have faith we’ll muddle through, without the wars we saw from previous economic messes. Think what happened after the Great Depression. Hitler and World War II .

I’ll never be a great investor. But I’ll muddle through and protect what I have left.  I’m still learning how to say No — what  brighter people call “risk management.”

I’m learning to do what makes me happy. And I improve those skills.

Would I rather be in a different place?

I fantasize about the fun I had running a business. Bouncing ideas off bright people is thrilling. But I’m too opinionated. And no one listens to an opinionated asshole with less than 51% of the voting stock.

My big hope (and excitement) remains technology. I’m writing these words at 5:00 AM so I can rush out for an early morning meeting with an entrepreneur who has a really neat  invention. Will I invest? Will he listen to me? Ego is a big bar to successful investing.  It gets a nice boost when someone actually does listen.

Fortunately, I’m still curious. I want to know about anything and everything. I ask the rudest questions. What amazes my family is that I get answers. I think of life as one gigantic blog. Sort of like this one. Dabbling in technology, psychology, health, investing…

I am lucky. I can afford the luxury of dabbling.

As I age, I try to be less of an asshole. I’m learning to find fun in all manner of folks, even ones who are wrong.

In coming weeks I’m taking Susan,  the two kids and their spouses on safari to Botswana.

Highlight of each day chasing animals is to have dinner and watch great African sunsets. The sunsets are ultra-romantic.

Maybe I’ll see some grandchildren in 2013 — before I finally croak.

The boom in multi-family housing. Everyone and their uncle is pitching me on their syndicated residential complex. There are a thousand reasons. People can’t buy, because the banks won’t lend. There are lots of young people who needs roofs  over their head. It’s cheaper  to rent. Lose one tenant. No big deal. Lose one in a commercial office building. It is a big deal.

Every few months, there’s another hot investment idea designed specifically to part with my money.  The history of my investing the proceeds of the 1997 sale of my business is a litany of failed new Wall Street investment ideas. Which brings me to:

The business dangerous cycle. A reader yesterday commented that I was a “momentum” investor.  That means I like things that go up. And I get out of things which go down. Wall Street is a product machine. Its favorite is funds.

Funds have two benefits for Wall Street — fees and longevity (which means fees forever).  Funds were good in Romney’s day. But these days we have regular, fast, dangerous business cycles. A fund will boom in one part of the cycle and crater in the next part. Since we cannot reign in our banks with regulation or legislation, we face a future of regular economic booms and busts. This  means if you’re stuck in a fund, you’re screwed. You can’t get out as the economy turns down. . As I age, I favor things which are liquid — which I can sell instantly, if not sooner.  Stop loses are still the best way preserve my meager, remaining  capital.

French tennis climaxing. The French Tennis mens semi-finals begin at 7:00 AM EST on The Tennis Channel. The Tennis Channel will re-air the semifinals from 5pm to Midnight Eastern Time, and then again from midnight to 6am. Womens finals on Saturday at 9:00 AM EST on NBC. Men’s finals at 9:00 AM on Sunday on NBC. I’m guessing the semi-final matches today featuring Federer, Nadal, Ferrer and Djokovic will be more interesting than the finals. The semis are usually more fun than the finals.


Harry Newton who thanks his readers for their comments yesterday on photo sharing web sites. I finally ended up paying Phanfare $29 for a year’s subscription. The family is happy with Phanfare’s display of last weekend’s wedding. If you’re interested in how to share all those zillion photos on your hard disk (or worse still in your camera), read the comments on yesterday’s site. Click here.

File this away under “Boring is good.” It pays a dividend and keeps on ticking.


58 Comments

  1. Johnquil Novaqual says:

    While making a killing on this POS has certainly been most enjoyable for the Shorts, at the same time, gentlemen that we are, the Shorts realize that the money that we are making is coming directly out of your pockets. While the freak having to put the kybosh on the big extension to the trailer is the least of our worries, we understand that losing money poses a real problem for some people.

    Although you may not believe this, given my perfect 10 for 10 trading this significant POS, I have, from time to time, lost small amounts of money in the market. I know that it is not a lot of fun.

    For this reason, I would like to extend a formal invitation to any long who would like to sell their shares in this POS and join us on the short side. No questions asked. No more worries about Merlin and his silly “$45 within one year” predictions… No more belligerent A1 commentary… No more worries about embarrassing comments from the freak… Just good clean, stern but fair, ROFLMAO makin' money fun. It's true, there is money to be made on this POS, it's just the longs aren't “going to finish in it”. Merlin this invite extends to you too, and any other Long (except freak, Mauck and Salim) that rues the day they ever heard of a little POS called MEDC (i.e. all of you)!!!

  2. Jocelyn topalskee says:

    Happy happy birthday…a gold coin for my investor guru Mr. Harry.  Thank you kind gentleman for all the enteraining posts.  I love silver and think the Aussie dollar will rebound soon.

    Rickson

    • Fawzi Ben Zmamahai says:

      Hey there.  Harry, I hope you had a nice birthday and I hope today brings shekels to all our wallets….

      Long AGNC and loving it

      Long APPLE computer and loving it

      Short Radio Shack and its doing nicely.

      Short Rimm

      Short IOC.

      Harry to you follow bronte Capitall

  3. Harry_lover_in_the_house says:

    http://www.professorbainbridge

    Is harry long or flat gold.

    • Harry Newton says:

      Out of it altogether.

      • Harry_lover_in_the_house says:

        Thanks harry.

        Gold seem to be at a level from which it bounces.  If one were to buy a 'partial investment” of the :Golden Goose: would you suggest a 15% stop for maybe just like 150.00 per troy oz?

        • Harry_is_not_dakind says:

          Gold doesnt pay any return on investment.  Get to a doctor quick if you are buying gold bro.  Take a look at MCPad the RARE EARTH stocks in General.  They are at an inflexion point broheim.

          • Harry_houdina says:

            the Nubile Newtonians is among us and answering questions tonight.

            Hi Harry how are you.  How are the ARC securities

    • DC says:

      hey happy birthday to eat to henry happy birthday to henry happy birthday dear andrea michigan

  4. Mrs Watanabe says:

    How to invest or trade

    Investors and traders can choose from a wide variety of products based on Russell Indexes to help them better manage their investments.

    Passively-managed mutual funds and futures and options products are not distributed by Russell, but are available from other institutions. Exchange-traded funds (ETFs) are distributed by Russell as well as other institutions. Investors and traders can learn more about investing or trading these products from the financial institutions or the various exchanges that sell them.

    Passively-managed mutual funds based on the Russell Indexes

    Many of the largest financial institutions in the U.S. offer passively-managed index funds based on the Russell Indexes. These institutions have created over 121 funds designed to closely replicate the performance of different Russell U.S. indexes. These index-based mutual funds are available to both institutional and individual investors, directly from these fund management organizations.

    ETFs

    Exchange-traded funds, or ETFs, are similar to passively-managed mutual funds in that they are designed to track the performance of an index. Instead of being sold as a mutual fund, ETFs are bought and sold like a stock. ETFs help make passive investments more accessible to all investors.

    Futures and options

    Futures and options provide investors with instant exposure to the performance of an asset class or group of stocks by making a single trade. Futures and options are often used as risk-hedging tools and can be bought with the expectation that the price for an index will increase or decrease during the time of the contract.

    A future is a contract that requires the delivery of a commodity, bond, stock or index at a specific price at a specific date in the future.

    An option is a contract for the option to purchase a commodity, bond, stock or index at a specific price at a specific date in the future.

  5. Numbersguy says:

    2009 Second Half$1,490.38$201.24$1,289.142009 Total$1,490.38$201.24$0.00$1,289.142010 First Half$24,967.14$3,380.02$21,587.122009 Tax Year (7/1/09 – 6/30/10)$26,457.52$3,581.26$22,876.262010 Second Half$4,608.91$629.77$3,967.442010 Total$29,576.05$4,009.79$0.00$25,554.562011 First Half$5,183.95$709.25$4,400.402010 Tax Year (7/1/10 – 6/30/11)$9,792.86$1,339.02 $8,367.842011 Second Half$5,241.90$704.66$4,300.662011 Total$10,425.85$1,413.91$0.00$8,701.062012 First Half$1,633.34$220.79$1,361.512011 Tax Year (7/1/11 – 6/30/12)$6,875.24$925.45 $5,662.172012 Second Half$0.00$0.00$0.002012 Total$1,633.34$220.79$0.00$1,361.51Estate Total by Calendar Year$50,919.03$6,768.38$0.00$43,776.81Estate Total by Tax Year$50,919.03$6,768.38$0.00$43,776.81

    • Berkshire says:

      2/9/2006YY$24.22$2.23$2.24$19.753/7/2006YY$23.38$2.15$2.15$19.084/6/2006YY$19.51$1.79$1.96$15.765/5/2006YY$20.65$1.90$1.92$16.836/8/2006YY$21.56$1.98$1.85$17.737/7/2006YY$21.90$2.01$1.78$18.108/4/2006YY$22.65$2.08$1.85$18.729/7/2006YY$25.65$2.36$2.15$21.1410/6/2006YY$23.40$2.15$2.14$19.0111/3/2006YY$20.14$1.85$2.62$15.6712/6/2006YY$16.05$1.48$2.29$12.2812/31/2006YY$18.73$1.72$2.07$14.942/7/2007YY$20.00$1.84$1.92$16.243/7/2007YY$15.60$1.43$1.90$12.274/10/2007YY$17.69$1.63$2.02$14.045/7/2007YY$20.88$1.92$1.93$17.036/7/2007YY$19.20$1.77$2.02$15.417/2/2007YY$22.83$2.07$2.03$18.738/3/2007YY$21.89$1.98$2.08$17.839/5/2007YY$22.37$2.03$2.02$18.3210/2/2007YY$20.08$1.82$1.95$16.3111/2/2007YY$22.23$2.01$2.07$18.1512/5/2007YY$25.65$2.32$2.90$20.4312/31/2007YY$24.14$2.18$2.00$19.962/5/2008YY$28.19$2.55$2.36$23.283/5/2008YY$25.60$2.31$2.72$20.574/4/2008YY$25.78$2.33$2.05$21.405/2/2008YY$28.41$2.57$2.13$23.716/5/2008YY$28.05$2.54$2.07$23.447/2/2008YY$32.84$2.97$2.41$27.468/5/2008YY$33.72$3.05$2.23$28.449/5/2008YY$36.83$3.33$2.36$31.1410/6/2008YY$24.62$2.23$2.20$20.1911/5/2008YY$19.19$1.74$2.24$15.2112/5/2008YY$18.34$1.66$3.41$13.271/6/2009YY$8.30$0.75$2.11$5.442/6/2009YY$12.08$1.09$2.02$8.973/6/2009YY$12.75$1.15$2.39$9.214/6/2009YY$9.14$0.83$2.37$5.945/7/2009YY$9.46$0.86$2.35$6.256/5/2009YY$8.84$0.80$2.30$5.747/2/2009YY$10.39$0.94$2.35$7.108/6/2009YY$11.63$1.05$2.67$7.919/4/2009YY$10.97$0.99$2.31$7.6710/7/2009YY$12.97$1.17$2.26$9.5411/5/2009YY$10.25$0.93$2.22$7.1012/8/2009YY$13.08$1.18$3.67$8.231/4/2010YY$15.78$1.43$2.20$12.152/5/2010YY$15.72$1.42$2.16$12.143/5/2010YY$17.69$1.60$2.43$13.664/7/2010YY$17.63$1.60$2.48$13.555/5/2010YY$13.43$1.22$4.82$7.396/4/2010YY$16.94$1.53$2.52$12.897/8/2010YY$16.30$1.48$2.45$12.378/6/2010YY$15.74$1.42$2.35$11.979/3/2010YY$15.13$1.37$2.27$11.4910/6/2010YY$15.60$1.41$2.74$11.4511/3/2010YY$15.63$1.43$2.39$11.8112/1/2010YY$17.55$1.61$3.00$12.941/5/2011YY$16.01$1.47$2.60$11.942/8/2011YY$18.75$1.72$2.78$14.253/3/2011YY$18.50$1.70$2.77$14.034/5/2011YY$15.63$1.43$2.37$11.835/4/2011YY$19.68$1.80$2.29$15.596/6/2011YY$20.26$1.86$2.65$15.757/5/2011YY$20.69$1.90$5.26$13.538/9/2011YY$19.23$1.76$2.35$15.129/1/2011YY$21.24$1.95$2.95$16.3410/5/2011YY$18.71$1.72$2.47$14.5211/3/2011YY$17.92$1.64$2.34$13.9412/6/2011YY$18.64$1.70$3.21$13.7312/31/2011YY$16.83$1.54$2.27$13.022/9/2012YY$17.41$1.59$2.41$13.413/12/2012YY$17.95$1.64$0.88$2.42$13.014/9/2012YY$15.05$1.37$0.74$2.81$10.135/9/20126/8/20127/9/20128/8/20129/8/201210/8/201211/7/201212/8/2012

    • Hmy name is felix papp says:

      I am a lil bit. Flow to phi henry have a happy 17th birthday you big guy kerosene how to paddle in my bed to grow more chickweed for harry going to continue to turn have investment get the doctor quick if you by hand

      Joy
      Tvdvdgdgdgdgdgdgdgdgdhdhfhfjhkgbfhfhrhfhfhfr

  6. Fred789 says:

    Do not listen to Harry's tripe. He's way too conservative. Cash is NOT king. Shorting is NOT where it's at. I poured large amounts of money into the stock market in March-May of 2009 and I'm up anywhere from 60 to 85%. 

    Harry is the polar opposite of Warren Buffett. Ask yourself who has a better track record. (Hint – it's not Harry). 90% of the people who read this blog are fools. Idiots. And morons. You ask why I read it? It's unintentionally funny. As are the comments by the unenlightened morons who write the crap 

    • Andrew James "AJ" Poternoster says:

       
      thank you Harry and happy birthday.  Seventy is the new fifty-five. Also, you were very helpful and kind too, now if only you could get rid of the nasty people on this message board.  Do you think i took too big of a risk shorting 10k the first time out? you can be honest i have big shoulders (figuratively) and what is going on with Europpe and the Mexican bailout? that is driving me nuts inside from the press releases at cnbc.
       
      Will I get smoked

    • Andrew James says:

      Thanks for the response.  A few points I would like to make.
       
      1.  From the dow peak of 14,200 the dow fell in 15% increments 5 times.  It had sharp snap back rallies that woulve caused you to insert stocks back into portfolio again.  Of course every snap back was short lived.  The market reversed and you would have been stopped over and over again losing 15% each time.  The loss would have be comparable to the 55%-60% dow loss.
       
      2. The little guys like us have a much easier time with the market making money than a Berkshire Hathaway or other large hedge fund.  They have a very limited group of viable investment opportunities, whereas we can invest in just about anything no matter how small or thinly traded.
       
      Would it not be better to buy in small increments during bear markets as it goes lower, say 5% of your portfolio each 500 dow points, and then sell incrementally when the inevitable bull market starts.  Or better yet buy larger positions and use much tighter stops of maybe 2-3% and then if you are stopped out, reassess and try again.  Your portfolio can afford more 2% stabs then 15% stabs.
       
       
      f not taking undue risk, investing in this stock seems insane.

    • Farsad Punizarian says:

      Fred is so foolish.  Buffet has not had good returns since he missed the internet stocks in 1998.  His last good investment was bailing out Long Term Capital with Greenspan in October, 1988.  There was some funny business with John Meriwether getting aced out.  NO LAWSUITS and no one went to jail until the smartest guys in the room fffff'd up in 2004 via the Enron debacle.

      • Andrew James says:

        Sammy's gearing-up for his new position as Cucumber Pickler in training at Mori's pickle factory in Queens NY!

        He was referred by Mr. Pinkee! Who’s applying for job as Cucumber Man! His job assuming he decides to take it! (No pun intended)Is to stand outside Mori's Kosher Pickles with a big brown barrel around his body wearing green pickle color long underwear! With a Pickle Hat!

        He'll be handing flyers, buy one get one free!

        Let's all congratulate Sammy and Pinkee on their new positions!

    • Mrs Watanabe says:

      Dont listen to the tribe from Fred 789.  He is gian pygmie with a bad haircut.  All he ever does is troll me on facebook.

    • Andrew James says:

      ROFLMAO… you poor pathetic turd, I almost feel sorry for you. It's not like we didn't tell you though! And once again, on behalf of all the shorts… THANKS! I'd like to think that it was your shares that I borrowed to enable me to short this joke. Makes me feel good. Every time I look at the price, I want to laugh out loud. Poor littleralph (literally). Again, trying not to laugh out loud at you!

    • jewish guy says:

      Oie Vei I'm a schmendrick!

      ha-va nagila, ve-e nismecha  for Harry bday

      hava ve ranena, hava ve ranena
      ha-va ve ranena ve nismecha
      hava ve ranena, hava ve ranena
      ha-va ve ranena ve nismecha

      u-ru, u-ru a-him
      uruahim lihiot sameah, uruahim lihiot sameah
      uruahim lihiot sameah, uruahim lihiot sameah
      uruahim, uruahim, uruahim
      – lihiot sameah.

      I'll buy the tequilla shots todaY!
      Hava N ra na na !

      I made some money Today!

  7. Readie Vriikravm says:

    :00 AM EST, Friday, March 6, 2009. My tennis opponent yesterday told me he still has all his money invested in the stockmarket and all managed by Fisher Investments. Last year he lost 40%. He wanted, he told me, to go to cash when he was down 10%, but his Fisher “investment adviser” told him to hang in. Did my friend not understand that his adviser got a fee if he was invested, but not if he was in cash and out of Fisher? Yes, he understood that, but the Fisher man was “so persuasive.”
    There are still people in stocks. There are still people (investors and money managers) whose only investment philosophy is to pray for a bottom and a turnaround. Mark my lips: There is no early bottom and no early turnaround. There are a handful of managers who have been able to handle the downdraft. But their results are in line with sitting in cash, i.e. they've been flat. Most money managers (of hedge and mutual funds, etc. ) live in the fantasy world that they're better than Mr. Market. Berkshire Hathaway (that's Warren Buffett) is down 51% since its September, 2008 peak. I figure if Berkshire can't hack it, us mere mortals have little shot.
    All this reinforces my inviolate 15% Stop Loss rule. When you're down 15% from the most recent peak, sell. Don't even think about praying, just sell.
    Cash remains king. If you're inclined to “invest” 2% of your money, then short the obvious stocks — such as tech stocks, like Research in Motion, Best Buy and Google — and financials, like Wells Fargo, Deutsche Bank and JPMorgan Chase

    Harrymeister said the above at dow 6500..SHORT

    • Harry Newton says:

      March 9, 2009 was the bottom of the market. My rule then (as it is now) was sell when you're down 15%. Buy back in when it rises 15%. Had my friend sold when he was down 15% and bought back in when the market rose 15%, he'd be way ahead today. RIMM was $50 then. It's now $10. Best Buy was around $25. It's now $20. The banks are actually up since then, but not by much. Google is up substantially.
      Investing is day-by-day management. I wish had sold everything I owned and bought a wide variety of great stocks on March 9, 2009. But I didn't. And few others did also. Fortunately my net  worth is up since then.

      • Nicodlion says:

        Thanks for the response. 
        A few points I would like to make.

         

        1.  From the dow
        peak of 14,200 the dow fell in 15% increments 5 times.  It had sharp snap
        back rallies that would have caused you to insert stocks back into portfolio
        again.  Of course every snap back was short lived.  The
        market reversed and you would have been stopped over and over again
        losing 15% each time.  The loss would have be comparable to the 55%-60%
        dow loss.

         

        2. The little guys like
        us have a much easier time with the market making money than a
        Berkshire Hathaway or other large hedge fund.  They have a very
        limited group of viable investment opportunities, whereas we can invest
        in just about anything no matter how small or thinly
        traded.

         

        Would it not be
        better to buy in small increments during bear markets as it goes lower,
        say 5% of your portfolio each 500 dow points, and then sell incrementally
        when the inevitable bull market starts.  Or better yet buy larger positions
        and use much tighter stops of maybe 2-3% and then if you are stopped out,
        reassess and try again.  Your portfolio can afford more
        2% stabs then 15% stabs.

         

         

        One final
        thought.  I can't understand how you could ever invest
        in the Agnc.  11 to 1 leverage is pretty lethal.  Given your
        mantra of not taking undue risk, investing in this stock seems insane.

        • Jim says:

          Screw you Readie,  I am making a mint on the Agency stock.  They are hedged, not like jpm but good hedges.  I believe they has Meritits Whitney on board an consultant with economic forecasts.  She called the City Group loss back in 2007

          Happy BD to Harry!!!!!

          Jim Rahumbkah

  8. Mike says:

    Happy birthday!  Here's wishing you many more.
    Mike

    • Mitchell Jablanowski says:

      I love MEDC!! It's made me 48% in 6 day     30-Jul-02 04:54 pm     Gotta Love it!Yippe!!I'm in the money!Gonna buy me a box of tucks pads to send to Guess Who??He's gonna need em after today!what a pounding he took today!Can anyone guess his nam de plumm?Starts with next letter after R.Hey Bozzo?How R U?I want to reiterate the shorts are being squezzed out like tootpaste from a tube!we're down to the last little bit! Flatten it and now roll it up baby!!Will MEDC hit $12 by Friday?WOWEEEE…What a ride!!I just LOVE this Stock!!My Thanks go out to the shorts for creating the temporary drop in the stock from $12 – 5.44The Pantherdude Firm but Always on the money!I got my MOJO back!!Yeah Baby! stocks back into portfolio again.  Of course every snap back was short lived.  The market reversed and you would have been stopped over and over again losing 15% each time.  The loss would have be comparable to the 55%-60% dow loss.
      Gotta Love it!Yippe!!I'm in the money!Gonna buy me a box of tucks pads to send to Guess Who??He's gonna need em after today!what a pounding he took today!Can anyone guess his nam de plumm?Starts with next letter after R.Hey Bozzo?How R U?I want to reiterate the shorts are being squezzed out like tootpaste from a tube!we're down to the last little bit! Flatten it and now roll it up baby!!Will MEDC hit $12 by Friday?WOWEEEE…What a ride!!I just LOVE this Stock!!My Thanks go out to the shorts for creating the temporary drop in the stock from $12 – 5.44The Pantherdude Firm but Always on the money!I got my MOJO back!!Yeah Baby! stocks back into portfolio again.  Of course every snap back was short lived.  The market reversed and you would have been stopped over and over again losing 15% each time.  The loss would have be comparable to the 55%-60% dow loss.
       
      2. The little guys like us have a much easier time with the market making money than a Berkshire Hathaway or other large hedge fund.  They have a very limited group of viable investment opportunities, whereas we can invest in just about anything no matter how small or thinly traded.
       
      Would it not be better to buy in small increments during bear markets as it goes lower, say 5% of your portfolio each 500 dow points, and then sell incrementally when the inevitable bull market starts.  Or better yet buy larger positions and use much tighter stops of maybe 2-3% and then if you are stopped out, reassess and try again.  Your portfolio can afford more 2% stabs then 15% stabs.
       
       
      f not taking undue risk, investing in this stock seems insane.

      • Shaun says:

         
         
        Harry, on the Warren Bugget He is not an entrepreneur like I am — or even a productive member of the business community like the traders is — can leave one open to all manner of insults and disparaging comments, which you do all the time. Buttet is a “exploiter”, a “money grubber”, perhaps even a “Profiteer.” If ever the term “necessary evil” had a home, it is in the tight fists of those who thrill in bashing good businesses such as rimm and BBY and Fist Solarplexis.As James Chesher and Tibor Machan point out in their recent book, _The Business of Commerce_, “One does not become a cultural hero…by constantly bashing a stock; you should become a philanthropist and you will then perform excellently in business.” Bugget has been influenced by the pragmatists and utilitarians who have “defended” business and capitalism for “providing the greatest good for the greatest number of citizens. This in turn creates a cultural atmosphere in which Bugget view free enterprise with disdain, suspicion, and self-righteous condescension. At best, your presence here is on par with getting one's tooth drilled: unpleasant but something which one must toleratethink about itShaun Francis Anido

        • Irp145 says:

          Remenber Time stands still for no Man or Woman! but as for the Animals who bash this stock Time will be your demise as now you have to cover your short positions!

          I've heard that Sammyg2000 bought poor mans puts at $10 and that the stock needed to drop 8 points for him to make a $1.00 profit per x number of shares he controls! Does Anyone know is that True?

          Why would anyone do that? It Doesn't make good financial sense?

          Heck if he had just bought X number of shorts at $10 he good of made $4.50 per share last week x number of shares!

          The pantherdude, Firm but always on the money!

          Lets all be kind to one another today!

      • Aton Algoulisntich says:

        Dnp tickles my fancy. Trading at a 25% premium. I must say, I have pulled in all my short, and looking hard at the long side. In fact, radio shack looks great for a bounce, and I think there is money to be made there. The fun thing will be watching the forty puts owned by sami the perv wither away, with that wide spread keeping his from doing anything. I keep checking every day to see if the rat covered, but he hasnt. My guess is he is long the stock now, because he is no fool.

        Gimme a call some time.

  9. Rod says:

    Harry,
    Know you love SSD drives (no, I am not buying one for you) so check out Amazon's deal of the day for today. Comments are all indicating that this the SSD deals are good prices.

  10. Fred789 says:

    I don’t understand why anyone reads this horrible blog. It offers bad advice and is poorly written. I want you to spend your 70th birthday thinking about this, and maybe decide to stop doing it. 

    • Average Bloke says:

       Fred 789

      See your doctor quick.  You are suffering from a nauseating dyspepsia, spreading such bile.

      Leaving aside the fact that you are utterly wrong in each respect, the logic of your position is hilarious. 

      Why do you bother reading Harry's blog, if you feel this way?

      I pray for you enlightenment, but without your insight into your own problem, without much hope.

      Average Bloke

      • Sami Shabetie says:

        Hey you limey, you see a docktor quick four your deimentia.  

        I read Harry's blog for many different reasons.  Investments, nice pix of vacation spots, explanations of cool gadgets, and cominserating over the mkts.

        Sammi Shametie

        • Pappyparker says:

          for every complicate question there is a simple answer that is always wrong.  Making money in the market is hard and henry's inviolate rule is for simpletons.

          • Mrs Watanabe says:

            Ignormaus

            Mrs Watanababe aka myxxxxholeisclogged

          • Harry Newton says:

            My inviolate stop loss rule may be for simpletons (like me) but it works.and saves money.  What else can I say?

  11. Rod says:

    Happy
    Birthday ♪♫•*¨*•.¸¸♥ to You¸¸.•*¨*•♫♪ ♥ ♥ ♥ Happy Birthday ♪♫•*¨*•.¸¸♥ to You
    ¸¸.•*¨Happy Birthday, Dear Harry *•♫♪ ♪♫•*¨*•.¸¸♥¸¸.•*¨*•♫♪ Happy Birthday ♪♫•*¨*•.¸¸♥
    ¸¸.•*¨*•♫♪…to you…and many more!!!!
     — Thanks for the gift you give us five days a week!

  12. D.andersen says:

    Happy, happy, Harry.  I prefer to be referred to in the more biblical way: 3 score and ten.  We are now in what I call
    the Legacy years:  taking stock, being content, seeking self realization.

  13. Lucky says:

    Have a great birthday Harry…enjoyed your column today…75 is just around the corner.

  14. Gary Stoller says:

    Happy Birthday Harry – My birthday is also Sunday, #59. Any words of wisdom looking back to when you turned 59? I retired (I hate that word) two years ago, live off of & manage my investments.

  15. Peter says:

    Hi Harry,
    Best wishes for you and your family.  May you have grand kid soon and happy life every day.

  16. Bob_pate says:

    HAPPY BIRTHDAY.

  17. Colorado Investor says:

    Happy Birthday, Harry!  As a 37 year old I feel that we are kindred spirits with a similar view on life.  You are a terrific role model and I appreciate you taking the time to write your thoughts every morning so we can learn from your experience.  To that point, you know about my previous venture, Exclusive Resorts, a terrific real estate concept that arguable was spoiled by private equity and the economic collapse(it is still a going concern).  I'm launching a new Residential Real Estate investment focused on assets in the Western US where market inefficiencies exist.  I know you've participated in numerous funds(Broadway, etc), Trust Deeds in CA, etc.  Would love to hear your thoughts tomorrow!  Cheers!

  18. Eric says:

    Harry,
    What made you choose BOTSWANA?  My wife and I are looking to go on a African Safari in February.  Do you have any recommendations when planning for a Safari – I remember you going on one a few years ago.

    • Harry Newton says:

      Send me an email through the contact on top and I'll left you know the logic.

  19. Kristin says:

    Happy Birthday, Harry. As you remember, mine is also Sunday. I'll raise a glass to you! -kz

    • Harry Newton says:

      And I have raised one to you. You're great adventurer, in business and in life.

  20. Jim2e says:

    Happy 70th Harry. I thank you for your presents to me each morning… An Opinionated look at the world as it is.. As another South end of a North bound Horse  I understand and enjoy your insights and thoughts. Have a great weekend party.
     

  21. Dlboyd says:

    Happy 70th. We are fortunate. Now apply for SS!

  22. Happy 70th.  Keep the humor.  It's great.  That has never changed in your voice.

  23. Brian Forbes says:

    Have a happy 70th Harry.  You are blessed.  I'll keep my fingers crossed that you and Susan will see the next generation soon… as you have said often, it is the one, true 'perfect investment'.

    • Harry_houdina says:

      Mankind stock is flailing

      Harry any comments on MNKD….its being ejected from the Russell next month…..dam ugly stuff

      • Harry Newton says:

        That was an idea that my inviolate stop loss rule kicked me out of a long, long time ago and I've never returned. Should have sold it short, but didn't think that way then.