The! Biggest! News! of! the! Day! - Not China Unicom, China Netcom Group, China Telecom, Lehman Brothers, or AT&T

Tags: CHA
23 May 9:59pm
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Here are some of the contenders for today's biggest...news...of...the...day...

  • A halt (and rally) in China Unicom (CHU), China Netcom Group Corp. (CN), and China Telecom (CHA) "amid speculation that Beijing will announce plans to overhaul the nation's telecommunications industry..."
  • Skepticism on Lehman Brothers (LEH) from "a highly regarded hedge fund manager who is betting against Lehman by selling its stock short..."
  • An argument that Time Warner (TWX) should buy NBC Universal...
  • A 3G network from AT&T (T)...
  • A recall from The Walt Disney Co (DIS) for toys "contaminated with excessive lead paint..."
  • A look into how the NYSE is losing volume to other venues...
  • Earnings from Gap Inc (GPS)...
  • A move by E-Trade Financial Corp (ETFC) to exchange debt for shares...

While those are all stories worth watching, I think it is obviously clear that the biggest news is this trio of stories that share a common thread of bad judgment -

  • Wolf whistle works, woman strips - "Road workers in a small New Zealand town got their wish granted when a woman stripped saying she was fed up with their wolf-whistles... The woman told police she didn't take too kindly to the whistling from the men repairing the road..."
  • Nuclear sub crashes after 'tracing paper blunder' - "A British nuclear submarine crashed into the seabed after tracing paper was used to help plot its course during a training exercise, obscuring vital symbols...The trainee officers were undergoing a test called 'Pressure Cooker,' to simulate a real-life situation...Post-It notes were also stuck on maps while the sub's satellite navigation system was turned off..."
  • Australian clocked speeding at 263kmh in makeshift car - "An Australian driver has been caught speeding at 263 kilometres per hour (164mph) in a car held together with plastic cable ties..."

So...a woman who doesn't want workers to draw attention to her strips off her clothes for them. I really hope that someone explains Pavlovian conditioning to her. Of course, at least she didn't crash a nuclear submarine because of tracing paper and post it notes. I admit that I have never been in a nuclear sub but from what I have seen on TV, they don't have windshields to look through as you drive. That would seem to make the map pretty important. Maybe important enough that you shouldn't cover it up...

As far as the last story goes, I am half tempted to say that the guy should be let go. In fact, I am pretty sure that someone who can get a "zip-tie" car up to 164 mph should be given a government job working on something important. This guy has some skills. Maybe something that could help submarine navigation?


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Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.