New World Investor – 10.17.24

Michael Murphy
Uncategorized
2024-10-17
17
Oct 24

Dear New World Investor:

There now are more assets in passive (index) funds than actively-managed funds. That means winners created by active fund buying keep winning as passive funds buy them and vice-versa. There are real opportunities in (1) identifying potential winners early and (2) identifying potential turnarounds that have been sold off by the passive funds and are just starting to attract active fund investment, c.f., PayPal.


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One reason for the success of passive funds is investor confusion/exhaustion by Wall Street’s clickbait headlines and constant efforts to get them to buy high and sell low.

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Market Outlook

The S&P 500 added 1.6% since last Thursday to an all-time closing high on Monday and record intraday high today. The Index is up 22.5% year-to-date. Since May, 2021, the Index has gone up 38%, yet it is 19% cheaper.

Click for larger graphic h/t @mattcerminaro

The Nasdaq Composite gained only 0.5% as investors worried about Big Tech earnings reports starting in two weeks. To which I say: “You gotta be kidding.” It is up 22.4% for the year. The SPDR S&P Biotech Exchange-Traded Fund (XBI) climbed 3.2% – is that a thaw in the Biotech Winter? It is up 11.2% year-to-date. The small-cap Russell 2000 soared 4.2% – is that a thaw in the Small Cap Winter? The Russ is up 12.5% in 2024.

The fractal dimension interrupted its consolidation with a strong week. It will take a week or two to see if this is just a transient interruption or we need a bigger graphic.

Top 5

Changes this week: None

Near-Term – chronological order
SCYX – ScyNexis – Data releases and resolution of the manufacturing problem
USL United States 12 Month Oil Fund, LP – crude should rise quickly
EQT EQT –natural gas price rebound
CMPS – Compass Pathways – Rebound from negative AdCom review of MDMA and Phase 3 data release in December quarter
FCX Freeport McMoRan – copper shortage
AKBA Akebia Therapeutics – Vafseo launch in January

Long-Term – alphabetical order
ABCL AbCelllera – Will become a huge pharma royalty company
UUUU Energy Focus – Domestic uranium supplier
EQT EQT – largest US natural gas company
IBIT iShares Bitcoin Trust – Bitcoin is headed for $100,000
META Meta – a (the?) leader in the metaverse
PLTR Palantir – a (the?) leader in AI applications software
RKLB Rocket Lab – #2 to SpaceX in space
SCYX ScyNexis –First new antifungal in 20 years

Economy

After the strong retail sales report this morning, the Atlanta Fed’s GDPNow model increased its estimate of September quarter GDP growth from +3.2% to +3.4%. We’ll see the first official estimate on October 30.

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The widespread use of the Internet and digital tools after the mid-90s had a huge impact on the economy as productivity soared. It will keep happening as AI and robotics penetrate every area of the economy over the next 10 years.

Click for larger graphic h/t @jimwpaulsen

Coming Events
All times below are ET, and most presentations and slides are archived on the companies’ websites so you can listen to them.

Friday, October 18
SCYX – ScyNexis – 3:15pm – Poster presentation at IDWeek 2024

Saturday, October 19
INO – Inovio – 6:00pm – Poster presentation at AACR Special Conference in Cancer Research: Tumor Immunology and Immunotherapy

Tuesday, October 22
FCX – Freeport McMoRan – 10:00am – Earnings conference call
INO – Inovio – 3:20pm – International Society for Vaccines Congress 2024

Thursday, October 24
AKBA – Akebia Therapeutics – 1:00pm – Seven poster presentations at the American Society of Nephrology Kidney Week 2024
Short Interest – After the close

Friday, October 25
INO – Inovio – Unspec. – Poster at Fall Voice conference

Big Tech: The Biotech & Digital Dominators MegaShift
There are at least four ways to make money in the stocks of these large, growing, dominant companies. You can:
* * Buy a stock and hold it
* * Buy a stock and write a call option against it
* * With a Level IV options account, write an out-of-the-money put option
* * With a Level IV options account, write an out-of-the-money put option and use part of the premium to buy an out-of-the-money call option

Apple (AAPL – $232.15) introduced a new iPad Mini with the A17 Pro processor, so it will be able to use Apple Intelligence. The first AI software update ships on October 28. The Mini has all-day battery life and starts at $499 with 128GB, double the storage of the last generation.

The company also expanded Apple Business Connect to businesses of all sizes, regardless of whether they have a physical location. It includes Business Caller ID. When this feature rolls out next year, companies of any size can register to have their name, logo and department appear when they contact customers. In practice, that can help people distinguish between a phone call from a legitimate business and spam. Participating companies can also add their logo to the Tap to Pay feature for contactless payments.

This is the beginning of a huge advertising business for Apple. Any business that wants to create a brand that appears to over 1 billion Apple users will be interested – in other words, ALL OF THEM.

Apple and Amazon entered a deal that will bring Apple TV+ under Amazon Prime Video streaming service for $9.99 a month. This is a strategic effort by both companies to expand their reach. It marks a notable shift for Apple, which has traditionally bundled Apple TV+ with its other services like Apple Music and Apple Arcade. Subscribers will gain access to Apple’s entire original collection, including series like Ted Lasso,The Morning Show, and Severance, as well as live sports events such as Major League Soccer matches.

JP Morgan said they were seeing some potentially good news for the latest iPhone. In the fifth week of their iPhone product availability tracker, they saw a repeat of trends from week four. “Resilience” of lead times indicates recovery in demand momentum for iPhone 16 Pro models relative to the initial weeks post launch. Delivery lead times moderated less than typically for Pro Max models relative to prior product cycles, increasingly corroborating their view of the initial weakness being an aberration.
They affirmed an Overweight rating on the stock.

Evercore maintained their Outperform rating with a $250 target price and added Apple to the their Tactical Outperform List. They said that Apple is well-positioned to outperform against low expectations in the September quarter and, more important, on the December quarter guidance. They said that sentiment on Apple has turned more bearish in recent weeks and buy-side expectations are likely lower than current consensus estimates. So if Apple just delivers results in line with current analyst estimates, the stock will move up. Going forward, they think the risk in the Chinese smartphone market is overstated and can be offset by growth in developing markets and by a strong upgrade upgrade cycle in the US. Evercore’s survey indicates strong upgrade demand, driven in part by AI.

Evercore also said its outlook on Apple’s Wearables and Services segments was bullish. The release of new products such as the Apple Watch, Watch Ultra, AirPods 4, and USB-C AirPods Max is expected to significantly accelerate wearables revenue in the December quarter. AAPL is a HOLD – I expect to move back to Buy under $175 for new iPhones.

Gilead Sciences (GILD – $87.36) coverage was started by Bernstein with an Outperform rating based on upside expectations for lenacapavir, their HIV PrEP treatment, to generate revenue growth between now and 2030. They expect “rising optimism for GILD’s diversification strategy over the next year.” GILD is a Long-Term Buy under $80 for a first target of $120.

Meta Platforms (META – $575.93) was named Evercore ISI’s “Highest Conviction” megacap long recommendation. They raised their target price to $750. META is a Hold – I expect to move back to Buy, but probably over $400.

Palantir (PLTR – $42.00) Chief Technology Officer Shyam Sankar did an interview on CNBC: “With one of our customers, a very large US insurance company, we automated the entire underwriting process. A process that used to take 2 weeks, can now be done in 3 hours.”

PLTR is a Buy under $22 for a $100+ target.

Snap (SNAP – $10.46) is back under my buy limit. They’ll announce solid earnings on October 29. SNAP is a Buy under $11 for a $17+ target.

Small Tech

Rocket Lab USA (RKLB – $10.68) just added a new launch to their 2024 cadence, and get this – they signed the contract less than two months ago. In 60 days they produced a standardized Electron rocket, built a satellite, integrated the payload, designed the launch, scheduled it, and will launch it. Remarkable. RKLB is a Buy up to $13 for my $30+ target as low earth orbit satellites and space exploration grow.
Primary Risk: A new competitor emerges.

Biotech MegaShift

If you can afford it – and it would not be too big a position in your portfolio – putting $2,000 into each of these speculative biotechs might be a good way to start. Buying these out-of-favor, fallen, or forgotten companies that can get important products through the FDA at very low market capitalizations seems like a good strategy to me.

Risks

Development-stage biotechs are subject to investor sentiment swings from wildly optimistic to excessively pessimistic – mostly the latter recently. After the Primary Risk for each company, I’ve added the clinical stage of their lead product, the probable time of their first FDA approval, and the probable time of their next financing.

As always, you need to think about an appropriate position size. You could buy a full position upfront and then just hold on, or buy some upfront and leave room to add more on the inevitable financings, transient clinical trial setbacks, and the like.

Akebia Therapeutics (AKBA- $1.33) will have seven poster presentations at the American Society of Nephrology Kidney Week 2024 (ASN Kidney Week) in San Diego opening October 24. Six of the seven posters are on Vafseo as they continue their full-court press for a rapid launch on January 2. It’s hard to believe we can buy this under a $300 million market cap with the launch only 11 weeks away. Buy AKBA up to $2 for the vadadustat launches in the EU, UK, and the US.
Primary Risk: Vadadustat doesn’t sell in the US.
   Clinical stage of lead product: Approved
   Probable time of next approval: NM
   Probable time of next financing: Never

ScyNexis (SCYX – $1.51) presented at the Maxim Healthcare Virtual Summit, but so far we are blocked from seeing it, although in theory the AUDIO IS HERE. Is this a violation of SEC Rule FD? Yes, indeed. It’s Maxim’s fault, not ScyNexis’, and I’ve reached out to get it fixed. Buy SCYX under $2.50 for a first target price of $20 after ibrexafungerp is approved for hospital use and a buyout at $50.
Primary Risk: Ibrexafungerp fails to sell.
   Clinical stage of lead product: Approved
   Probable time of next FDA approval: 2025
   Probable time of next financing: Never

TG Therapeutics (TGTX – $23.94) short interest increased 4.5 million shares, which is a lot. Management just needs to keep executing and the shorts will lose. They’ve beaten Briumvi estimates so far. Buy TGTX under $12 for a target price in a buyout of $30 or more.
Primary Risk:Briumvi, the MS drug, fails to sell.
   Clinical stage of lead product: Approved
   Probable time of next FDA approval: NM
   Probable time of next financing: Never

Inflation MegaShift

Gold ($2,707.10) continues to rally as both Presidential candidates back inflationary policies and neither talks about the debt. Oh, and Israel, too.

How far can this go? Gold bull markets tend to be long and strong. The 1970-1974 bull market took gold from the controlled price of $35 an ounce to $184, a 426% gain in four years. The 1976-1981 bull market took it from $126 to $590, a 368% gain in five years. The 2001-2012 bull market took it from $266 to $1,738, a 554% gain in eleven years. That’s an average return of 449% in less than seven years. So far, this bull market is not even up 100%. Yet.

The fractal dimension, like the S&P fractals, had a reversal week and is back down to a fully exhausted trend. Again, it will take a couple of weeks to tell if the consolidation is on or the bull market can run higher on vapors.

Miners & Related

Sandstorm Gold (SAND – $5.88) got a good writeup on Seeking Alpha: Sandstorm Gold Offers Unique Growth Potential Amid Record Gold Prices. SAND is a Buy under $10 for a $25 target.
Primary Risk: Prices of precious metals fall due to US dollar strength.

Cryptocurrencies

Cryptocurrencies are a diversifying asset that offer a unique opportunity to make (or lose!) a lot of money quickly. You can easily buy bitcoin and other cryptocurrencies at Coinbase, Block, or Robinhood.

Bitcoin (BTC-USD on Yahoo – $66,968.20) snapped back from what I called a “transient” dip under $60,000 to a two-month high above $67,000, buoyed by big inflows into spot bitcoin exchange traded funds. On Monday, $559.9 million flowed into the 11 spot bitcoin ETF’s, the largest amount since early June. It was a monster day. The ETF’s are approaching $20 billion in net inflows in 10 months as advisors and institutional investors continue to slowly adapt.

Black Rock CEO Larry Fink said: “I do believe the utilization of assets are going to become more and more of a reality worldwide. Conversations we’re having with institutions worldwide, conversations about how should they think about digital assets, what type of asset allocation there should be, I mean, we believe bitcoin is an asset class in itself.”

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BTC-USD, ETH-USD, IBIT, and ETHA are Strong Buys.
Primary Risk: Bitcoin falls due to over-regulation or is surpassed by another cryptocurrency.

iShares Bitcoin Trust (IBIT- $38.85) remains the cheapest and easiest way to buy bitcoin. IBIT is a Buy for the 2028, 2032, and 2036 halvings.
Primary Risk:Bitcoin falls due to over-regulation or is surpassed by another cryptocurrency.

Commodities

POWER magazine wrote: Power Demand from Data Centers Keeping Coal-Fired Plants Online:

“The power generation sector is looking at numerous ways to provide enough electricity to satisfy demand from data centers. Bloomberg Intelligence recently said its research shows data centers, buildings filled with servers and other computing equipment for data storage and networking that supports operations and artificial intelligence (AI), could be responsible for as much as 17% of all U.S. electricity consumption by 2030. The U.S. Dept. of Energy (DOE) has said one data center can require 50 times the electricity of a typical office building.”

They quoted Maksim Sonin, an energy expert and Sloan Fellow at the Stanford University Graduate School of Business: “Driven by recent trends in AI development, projected power consumption by data centers in the U.S. is expected to increase in the range from 8% to 17% by 2030—or potentially even higher, as progress in AI technologies is not linear but exponential, as seen in Silicon Valley today. With this sharp upward trend, it is highly likely that coal-fired power plants will remain a part of the U.S. energy system for longer, although their role is expected to diminish.”

Diminish? More like disappear. Wyoming has been the top US coal producer since 1986, supplying around 40% of the nation’s coal from the top ten mines in the Powder River Basin. Most of the coal in the region is sub-bituminous, with low sulfur content and a heat value of 8,400–8,800 British thermal units (Btus) per pound. It is considered clean-burning and has steadily increased its share of the nation’s total electricity generation over the past few decades. However, in May the Biden administration announced the end of coal leasing in the Powder River Basin. The US is going nuclear. See Energy Fuels (UUUU), below.

Oil – $70.71

After President Biden “accidentally” blurred out that Israel was contemplating a strike on Iranian oil facilities, oil surged to the mid-$70s. This morning oil crashed back to ~$70 following a news report from the Washington Post that Israel will only strike military targets. These whipsaws are meaningless in the long term.

Another reason oil genuflected back to the $70 area was to pay homage to a ludicrous International Energy Association report forecasting $25 oil by 2030 “if net zero emissions are met by 2050.”

Also, of course

The same supply forecasters who are predicting 1.5 million barrels a day of non-OPEC+ production growth in 2025 were off the mark by over half a million barrels a day this year. Why would anyone place much confidence in their projections, which are at the root of the current epic levels of bearishness? I learned years ago that one of the best ways to make money in the markets is to identify where the consensus is really wrong and take the other side.

In the real world, crude oil storage had another 2.19 million barrels draw last week as some refiners restarted, but gasoline also had a draw, this time of 2.20 million barrels. The fundamentals support higher prices. As HFI Research says: “Geopolitics are nothing but a distraction for the oil market.”

The July 2026 Crude Oil Futures (CLN26.NYM – $66.18) are a Buy under $70 for a $200+ target. Only buy futures for all cash; do not use margin.

The United States 12 Month Oil Fund, LP (USL – $36.90) is a Buy under $40 for a $100+ target.

Vermilion Energy (VET – $9.81) is a Buy under $11 for a target price of $24 or more.
Primary Risk: Oil prices fall.

EQT (EQT – $37.06) has held up pretty well as natural gas prices staged another dip after the latest increase:

Click for larger graphic

October is the start of injection season for increasing natural gas inventories ahead of winter. The Energy Information Administration shows current storage to be over 175 billion cubic feet (BCF) above the five-year average. However, the 3.6 trillion cubic feet of gas in storage is just 124 BCF higher than last year.

Following two successive warm winters that saw 40% more gas in storage than the five-year average this spring, a hot summer helped draw down on the overhang, but not enough. We saw the softest spot prices in five years, about $2.20 per British thermal units. So far, the weather forecast is for warmer than usual weather over the Northeast for the next 10-15 days, and that’s what drives traders. (If the Northeast region shows yellow to red patterns, it means that natural-gas-related heating demand will be lower than the seasonal average.)

Click for larger graphic h/t @HFI_Research

EQT is a buy under $35 for a first target of $70 and a long-term hold for much higher prices.
Primary Risk:Natural gas prices fall.

Energy Fuels (UUUU – $6.64) is the unlikely beneficiary of the AI revolution. The hyperscalers – Microsoft, Amazon, Google, Oracle, and Meta – are increasing capital spending on datacenters by at least 40% in 2025, according to Citi. They see AI cluster sizes going over 300,000 GPUs in 2025. Of course, Nvidia is the biggest beneficiary, with Intel and Advanced Micro Devices trailing.

But you know what they need as much as GPUs? Power. Market research firm IDC forecasts that energy consumption in AI data centers will increase at a whopping compound annual growth rate of 45% through 2027. They predict that overall data center electricity consumption could more than double between 2023 and 2028. Goldman Sachs forecasts that data center power demand could grow 160% by 2030.

Data center operators will have to shell out a lot of money for electricity, and they can’t afford to be dependent on whatever some regulated utility can spare them. The future of their companies and industry depends on stable, clean, and uninterrupted power, and nuclear energy is the only solution. So the are going nuclear.

I wrote about Microsoft’s deal to revive the Three Mile Island nuclear reactor. What I’ve learned is that they agreed to pay a 50% premium on the cost of that electricity, just to tie it up. Three Mile Island will be fully operational by 2029, and 100% of its output is going straight to Microsoft’s data centers.

Holtec International, backed by $1.5 billion from the Department of Energy and another $300 million from the state of Michigan, is going to bring the Palisades nuclear reactor back online. Decommissioned plants like Duane Arnold in Iowa are being eyed by hyperscalers for future nuclear-powered operations.

Amazon has announced three new agreements to develop Small Modular Reactors (SMRs). Others are planning for SMRs to be built on existing nuclear sites. They all need uranium. The Department of Energy says 92% of the uranium powering American reactors is imported. To meet future demand, US uranium production needs to expand by 34x over the next three decades. But it takes years to bring a new uranium mine online, so the only near-term solution is above-ground uranium.

Watch for the hyperscalers to lock in long-term supply deals from fully operational, permitted mines in the US like the ones Energy Fuels owns. Demand for uranium (and the price) is set to skyrocket. UUUU is a buy under $8 for a $30 target.
Primary Risk: Uranium prices fall.

Freeport McMoRan (FCX – $47.95) reports earnings next Wednesday. Analysts expect revenue up 30.3% from last year to $6.46 billion with 35¢ earnings per share. December quarter guidance should be for $6.92 billion and 43¢.

The Motley Fool asked: After a Nearly 35% Rally, Is This Top Mining Stock Still Worth Buying? They pointed out that mining giant BHP Group expects global copper demand to accelerate in the coming years. After rising at a 1.9% annual rate over the past 15 years, demand is on track to grow at a 2.6% annual clip through 2035. Meanwhile, BHP expects the overall global demand for copper to increase by around 70% by 2050. With supplies limited due to the age of existing mines, companies with copper expansion projects should prosper in the coming years. That’s Freeport. FCX is a buy under $44 for a $65 target within two years.
Primary Risk: Copper prices fall.

* * * * *

I thought she’s funny; wife thought no.

* * * * *

Your seeking Balanced Intelligence and Knowledge Editor,

Michael Murphy CFA
Founding Editor
New World Investor

All Recommendations

Priced 10/17/24. Check out the complete Portfolio page HERE.

Buys
These are the stocks everyone needs to own because transformative events are happening over the next year or two, and I expect to hold them long-term.

Tech Dominators
  Corning (GLW – $46.52) – Buy under $33, target price $60
  Gilead Sciences (GILD – $87.36) – Buy under $80, target price $120
  Palantir (PLTR – $42.00) – Buy under $22, target price $100+
  PayPal (PYPL – $79.82) – Buy under $68, target price $136
  Snap (SNAP – $10.46) – Buy under $11, target price $17+
  SoftBank (SFTBY – $30.76) – Buy under $25, target price $50

Small Tech
  Enovix (ENVX – $11.42) – Buy under $20; 4-year hold to $100+
  First Trust NASDAQ Cybersecurity ETF (CIBR – $62.20) – Buy under $60; 3- to 5-year hold
  Fastly (FSLY – $7.20) – Buy under $14; 3- to 5-year hold to $80+
  PagerDuty (PD – $18.77) – Buy under $30; 2- to 5-year hold
  QuickLogic (QUIK – $8.26) – Buy under $10, target price $40
  Rocket Lab (RKLB – $10.68) – Buy under $13, target price $30+

$20-for-$1 Biotech
  AbCellera Biologics (ABCL – $2.68) – Buy under $6, target $30+
  Akebia Biotherapeutics (AKBA – $1.33) – Buy under $2, target $20
  Compass Pathways (CMPS – $6.27) – Buy under $20, hold a long time for a 10x return
  Editas Medicines (EDIT – $3.31) – Buy under $6 for a double in 12 months and a long-term hold to much higher prices
  Inovio (INO – $5.67) – Buy under $14, hold a long time
  Medicenna (MDNAF – $1.74) – Buy under $3, first target $20, then maybe $40
  ScyNexis (SCYX – $1.51) – Buy under $3, target price $20, then $50
  TG Therapeutics (TGTX – $23.94) – Buy under $12 for buyout at $30+

Inflation
  A Short-Sale or REO House – ($415,400) – Hold
  Bag of Junk Silver – ($31.87) – hold through silver bull market
  Sprott Gold Miners ETF (SGDM – $32.02) – Buy under $28, target price $50
  Sprott Junior Gold Miners ETF (SGDJ – $39.82) – Buy under $39, target price $100
  Sprott Physical Gold and Silver Trust (CEF – $25.20) – Buy under $18, target price $30
  Global X Silver Miners ETF (SIL – $36.79) – Buy under $30, target price $50
  Coeur Mining (CDE – $6.48) – Buy under $5, target price $20
  First Majestic Mining (AG – $6.33) – Buy under $11, next target price $23
  Paramount Gold Nevada (PZG – $0.43) – Buy under $1, first target price $10
  Sandstorm Gold (SAND – $5.88) – Buy under $10, target price $25
  Sprott Inc. (SII – $45.50) – Buy under $40, target price $70

Cryptocurrencies
  Bitcoin (BTC-USD – $66,968.20) – Buy
  iShares Bitcoin Trust (IBIT – $38.05) – Buy
  Ethereum (ETH-USD – $2,602.48) – Buy
  iShares Ethereum Trust (ETHA- $19.68) – Buy

Commodities
  Crude Oil Futures – July 2026 (CLN26.NYM – $66.18) – Buy under $70; $200+ target
  United States 12 Month Oil Fund, LP (USL – $36.90) – Buy under $40; $100+ target
  Vermilion Energy (VET – $9.81) – Buy under $11; $24 target
  EQT (EQT – $37.06) – Buy under $35; $70 first target
  Energy Fuels (UUUU – $6.64) – Buy under $8; $30 target
  Freeport McMoRan (FCX – $47.95) – Buy under $44; $65 target within two years

Holds
These are holds but not sells – yet. They could get moved back to one of the buy categories if their prices drop or outlook improves, or they could become sell recommendations in the future.
  Apple Computer (AAPL – $232.15) – Expect to move back to Buy under $175 for new iPhones
  Meta (META – $575.93) – Expect to move back to Buy under $400

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Numero Uno!

Seems like we just can’t get a break with scyx,but really why waste the time presenting new data ,until the fda lifts the hold ,cause whatever they are saying isn’t helping the share price,sure couldn’t have said anything they haven’t been use to hearing as the stock continues its slide.scyx needs help

Even if new data is fabulous, the capricious FDA hold will continue to smother the stock. That is why Big Govt is the biggest sabotageur of a healthy market.

Early this year, you thought the clinical hold would be lifted by June 30. It is now almost 4 months after that. GSK or SCYX recently said they would apply in Q4 for lifting of the hold. They’ll be lucky to get the hold lifted in Q2 next year. The FDA is corrupt, period.

Lizzy Borden (Net-en-yahoo) took an axe and gave Yahya forty wacks. His luck finally wore out. Hallelujah!

Back to our subject of glutathione (GSH), the body’s most important antioxidant. One of my practitioner mentors just mentioned the glutathione powder from Designs for Health. If you have any practitioners in your family (MD, DO, pharmacy, physician assistant, RN, chiropractor, acupuncturist, nutritionist, health coach, nurse practitioner) they can get the wholesale price. The powder is bitter from the high sulfur content of the cysteine amino acid as part of the GSH. Don’t swallow the whole thing because it will be destroyed by stomach acid. But put the 1 gram scoop of it on your tongue so most of it will be absorbed. Normally I don’t like bitter metallic powders in my mouth because of the teeth, but I plan to rinse with water and brush my teeth right afterwards. If bioavailability is even 50% successful, this is the cheapest way to get GSH. Next best is the rectal 1000 mg GSH suppository from Detoxamin. Put it in at bedtime so you detox when you sleep. Or take the GSH powder at bedtime for the same reason. In fact, good sleep is dependent on good detox. Sleeping drugs are only a bandaid that don’t address the root cause. Third best is liposomal GSH from Quicksilver Scientific, only because it is more expensive on a dose basis.

Every healthy middle age or older person needs more glutathione for general anti-aging purposes. Dr. David Perlmutter has used intravenous (IV) glutathione 1400 mg 3x/week and has helped people with Parkinsons and Alzheimers. People with serious illnesses like severe infections and cancer need more. Unfortunately the IV method is very expensive and inconvenient, and it is hard to find a practitioner who does it, so the oral and rectal methods I mentioned are the next best ways at reasonable prices.

Last edited 17 days ago by JGMD

Thank you again, so much. I used to take glutathione myself in capsule form. Then I read about the stomach acid issue and quit. I didn’t know it was available in powder form. And what does it do to your teeth if you don’t brush afterwards? Or is it just a taste thing? I will pass all this along to my lady friend. Much appreciated.

I used the rectal glutathione (GSH) the 2nd time last night. The 1st time I fumbled in bed, but last night I just bent down and inserted it without a problem. Ideally, you should have a BM to empty the rectum at bedtime, but mine wasn’t ready. Still, I awoke today with my viral symptoms much better. GSH detoxes the entire body. When you are sick, the inflammatory crud is making you feel like garbage. Even when you are not sick, the reality is that middle age people have accumulated much garbage which needs to be removed. GSH should be taken in clinically significant dosages to work. It has helped advanced Parkinsons and Alzheimers, so it will help prevent diseases at early stages in all of us. Get the Detoxamin 1000 mg GSH rectal suppositories. Buy about 6 jars of 30 each at about $70 per jar if you are a practitioner. Retail is about $200 each, so make sure you get any friend or family member who is a practitioner to get the lower rate. At 3x/week, a jar will last about 2 months.

Where can you buy powder GSH, is it for sale available to the public?

Designs for Health in Connecticut sells the GSH powder. They have a retail price, but I don’t know if the general public can buy it at the retail price or whether their practitioner clients like me then sell it at MSRP or at a discount to that. Best bet is you get a family member or friend to buy it at the wholesale price. Call DFH and see.

Note to you and John Miller–one caveat is that GSH increases liver metabolism and may require you to take any medications many hours before the GSH, and maybe increase the dose of the medication if they are metabolized by the liver. If you know what you’re doing and monitor yourself, OK. But if companies don’t sell directly to lay people, you understand why.

Jam that GSH powder up your ass. What a charlatan. Pay me up front without insurance?? Snake oil shit.

I regret giving you medical advice years ago when we spoke by phone. I didn’t realize then what a nut case you are. Good luck with your worship of drug pushing MD’s in the socialist medical system. They are the true narrow minded charlatans. The best things in life are not free, and must be paid for by people who want them. Insurance covers only drugs with all their side effects. IV GSH has helped many people with serious neurologic disease. Rectal GSH may be almost as good. Mainstream drug medicine has at best slowed the rate of deterioration in these conditions. Go for it, and suffer the consequences.

Quack advice that I ignored. How are those mylar pajamas working out for you? Who is the nut case my man?

Oh I remember that. Some dude shot lasers up into your prostate. I researched that by talking to former patients and the results were not good at all. Many called the guy a quack. I ended up talking to a urologist at Duke who suggested a 5 course treatment called the cyberknife.

Nearly 7 years later my PSA in undetectable. But, hey thanks for your concern asshole.

MM–don’t trust the Wash Post or NY Times. They are mouthpieces for official govt policy and not real analysts. El Capitan is knowledgeable about military history. He says that Russia and perhaps China are far superior to the US in military capability. Iran probably has nukes already. Their religious dogmatism will encourage them to use nukes. Israel is in an existential crisis like never before, and will do what they deem necessary regardless of the opinions of the Wash Post or NY Times.

Morning JGMD,we value your opinion when it comes to biotechs could you look into a company when you get a chance,the symbol is TVGN,it looks like a company that could become something tx Ron,’have a nice weekend

Ah, no we don’t this guy is a total clown.

I agree with you about Iran already having nukes. That’s why it’s a big mistake for Biden to be telling Israel NOT to hit their Nuke locations. They recently fired more ballistic missiles at Israel than anyone ever had in history. What if in those 100 plus missiles they sent had some nukes and some of them got thru the iron dome? That makes that situation a whole lot more dangerous than it is now and it’s already too dangerous. Iran has to be dealt with now. We can no longer kick that can down the road. The leaders of Iran have to be taken out . Either by putting pressure on the people of Iran to remove them or otherwise. They will keep threatening the Middle East with destruction until someone stops them. Even the Saudi leaders are applauding Israel recent successes with the taking out of several of Hezbollah and Hamas leaders. (Behind the scenes) Also I just heard that North Korea is sending 10,000 troops to Ukraine to help Russia fight there.

Agree that we must stop kicking the can down the road. This applies as well to combatting the immoral stealing premise of socialism. The liberals deny that the natural history of socialism is more socialism. The reality is that nearly everyone demands to be included on the special interest list. More socialism eventually develops into tyrannical communism whose brutality nobody wants.

I don’t know much about the iron dome. Is it a physical and/or an energetic barrier? Can nuclear material get through it?

I am assuming that Iran and Hezbollah thinking is that if they shoot enough missiles at Israel they will overwhelm the Iron dome and some of them will get
thru. Which has been the case thus far. Luckily, so far those few haven’t done much damage. Some of them have fell in open areas. But , if Iran does indeed have nukes and decides to use them in the next exchange along with another 100 plus of ballistic missiles and some get thru , it will be a whole new ball game. It looks like Iran is tired of waiting for Israel to retaliate. They had their puppet Hezbollah fire off another 100 plus missiles today!! And they attacked Net-en-yahoo’s house with a drone. Neither Biden nor Harris said a word in a press statement to condemn Iran or Hezbollah. Either on this attack or the last big one. What the hell is up with that? Thanks for the information above. My daughter is an RN but at the moment we are kind of estranged. So there is that!

I’m down here in Asheville. Socialism cleared the streets, socialism restored the water, socialism help 100s of thousands get back on their feet and restore total loses via FEMA, socialism provided drinking water and food when the shelves were bare, socialism is repairing the 100’s of miles of destroyed roads.

Trust me, when a disaster strikes. You will embrace socialism.

Dictator,
Been wondering about you. Were you there when Helene hit?
How did your home make out?

My home is fine. Car got dinged, very lucky. I’m up in the hills so it was mostly tree damage. We had 2 50 foot elm frees basically snap in half. Those winds had to be over 100.

Down by the river people and their homes got swept away, pretty horrific.

Got power back in 2 weeks, water took almost 3 ( it’s not potable though). The water system got decimated and many people won’t have water for months. Pretty amazing effort though.

You might have heard bullshit about FEMA. They were on the ground immediately with god knows how many agents combing the area for dead bodies. Some idiot held them at bay for a day until police could overtake him.

Trump is coming to town today blocking traffic to first responders and I’m sure he will knock the efforts. The last thing we need around here.

My company has a disaster response division and we have been up in Asheville and surrounding areas for nearly a month now. That’s a completely false statement! FEMA is there but they have been a mess to deal with and its facts that they are not allowing all supplies through to the residents that need them. We have seen truckloads of supplies FEMA had on hand being diverted elsewhere. Go talk with the lineman, tree service employees and other response workers that are out there working day and night and just ask they are socialist. As smart as you are with some of your investing advice your about as stupid as they come ..with no common sense. I just don’t understand how individuals like yourself are so brainwashed by the left.

BULL SHIT. What pretend company do you work for? FEMA responded to me in 24 hours. Quit spreading shit.

The linemen might not be socialist but they are being funded by a socialist relief program. The biggest problem was water .. run by a socialist city water system. Back on line in 3 weeks.

Do you really think that insulting me helps me out here? You people are complete assholes.

Fuck off.

Last edited 13 days ago by Dictator For One Day

I believe BSMD more than you.

Really? I’m on the ACTUAL FUCKING GROUND here in Asheville and you believe some fucking rando that you don’t even know??? God how are you so stupid??

You are an isolated lucky case. BSMD has a wider perspective than you do.

Yeah, I know you better than BSMD. You have made more stupid statements than anyone else here.

How the hell do you know that? I’ve covered 3 counties up here. Buncome, Hendersonville, and Madison. FEMA is everywhere. These are the hardest hit areas in WNC. Is that an isolated case dipshit?

BSMD or whoever he is won’t even own up the imaginary company he works for and you believe him? That takes a special kind of stupid.

As far as so called stupid statements here is one: If Trump gets in, the market will crash. I’m about 50% cash and will redeploy after the election. I’m up about 38% this year. Can you beat that dummy? You keep investing in this newsletter, you will never retire.

Oh, I assume you won’t be taking medicare or social security as you stand on your own 2 feet and hate socialism. Right???

Last edited 12 days ago by Dictator For One Day

When taxes for medicare and SS are taken from you, you’d be stupid not to take the watered down return payments due you after the socialist cannibals steal from those programs. The real stupidity comes from you for thinking that I would throw away the payments. That isn’t an endorsement of these govt programs. It is the equivalent of harvesting a small percentage of the losses from NWI stocks instead of holding them for total losses.

STILL waiting for the company you work for.

Bullshit. You totally deny the evils of socialism in almost all aspects. Private companies and even volunteers step up and avoid the bureaucratic inefficiencies of govt agencies like FEMA. What good would FEMA’s $750 do for someone who has lost his $1 million house? The idea that people have little savings that a mere $750 would fix is a testament to the depleted savings caused by high taxes and other forms of stealing by the govt.

It is characteristic of socialist/commie countries that in normal non-emergency times, the shelves are bare because the business climate sucks there. You have no common sense and are out of touch with reality.

You have obviously lost your fucking mind. If people don’t have flood insurance they are supposed to be fucked .. right? FEMA shouldn’t be paying for a million dollar house. Isn’t that the epitome of socialism????

What medical school did you go to?? I’ll bet you are a DC. I would’t trust you to wipe my ass.

Last edited 13 days ago by Dictator For One Day

WRONG as usual again. I am not a DC, but know an eminent DC who knows more about root causes of Hashimoto’s thyroiditis than most endocrinologist thyroid specialists. The latter MD’s know only thyroid drug treatments, but this DC knows that plus adjunctive nutritional treatments. I won’t tell you his name. You don’t deserve to know. You deserve to remain ignorant.

Oh I’m sure I’m really missing out on quackery. Damn.

Since you mentioned that you had cyber knife treatment for your prostate, it can be inferred that you were treated for prostate cancer. Did your doctor discuss what might have CAUSED your cancer, and what you can do to make sure that your cancer doesn’t recur years from now? I doubt it. The only thing mainstream medicine has to offer is more drugs and invasive treatments. (Re-read the unfortunate story of John Miller’s lady friend’s mainstream medical treatment on the last board.) They do NOT discuss nutrition and how higher vitamin D levels among many things help prognosis. 7 years of undetectable PSA is a reasonably good sign, but cancer is called the big C for a reason. It is notorious for later recurrences.

In order to survive cancer until old age kills you, humility and openness to other modes of treatment is important. If you think nutrition is quackery, ignore it at your peril. Lack of respect and abusive attitudes also will kill you.

Wow , what an exchange between you and Dick for a day!! Well done. It’s about time someone told those lame ass socialist/liberals/communists what they are trying to do to the USA. Their mindset reminds me of cults AKA Charlie Manson or like the Waco Texas wackos Branch Da-vididiots!! Oh ya, and David is the new Jesus and he is coming back !! Some of those people are so brainwashed, they really believe that is going to happen! They have been spoon fed that socialist shit for so long they actually think it’s the way of the future for the US. Even though Russia went bankrupt under socialism and communism. Unfortunately, this bullshit is spewing out of our universities like Cornell and Columbia and others by socialist professors who are hell bent on destroying the United States.

Hmm. All I got from the douche is that he hates socialism but will take social security and medicare. Interesting. As far as the rest of your rant, I would assume you are one of the uneducated dummies that support Trump. AmIRight?

I would be willing to bet that my nutrition is better than anyone’s on this board and has been for years. As far as lack of respect, I think you deserve none of it. Peace out. I’ll be out of this shithole board for a long time.

Don’t go, Michael. Stick around and frustrate all these people who went to public schools and drive on public roads and yet for some reason hate socialism. Such venom is really laughable. BTW, I am sure that ANY help the government gives these haters when theyve lost EVRYTHING would be very much appreciated.

Too bad even a brilliant lawyer, investor and intellect like you misses the boat on this subject. Socialism has been thrust down everyone’s throat, aided by intellectually poisoned college professors who have been sheltered nicely so they don’t have to face real world circumstances of how to make an honest living. We agreed in the recent past that a certain percentage of socialism is needed, since the free market cannot serve a small % of the population which is handicapped and mentally disabled. Religious traditions have come up with a fair 10% figure which is provided by voluntary charity. The rapid growth of the Asian Tiger countries can be attributed to their low 10% marginal tax rates and low regulations. The special case of mega weapons requires a responsible govt to handle them–obviously it cannot be under control of private individuals.

I am an expert in the medical field with 50 years of experience seeing how medicine has been destroyed by socialism. It doesn’t matter whether private insurance or govt insurance is involved. People have been indoctrinated that insurance should cover nearly all of medical needs. Patients protest when they are asked to pay a few bucks in copays. It gets worse every year, as more patients demand freebies and coverage for every conceivable need. The money in the system is limited, so naturally deductibles and copays must rise. Honest people have seen implosion of the whole system. I recommend good value high quality supplements based on lab tests and clinical factors, but many patients refuse to spend money to buy them–they want the insurance to cover them. They don’t care about the poor quality of nearly all of them. They don’t know that the insurance company is overpaying 10x or more what they cost in vitamin stores. These cost overruns parallel the familiar cost overruns in the Defense Dept because of the centralized socialist system common to the Defense Dept and the medical bureaucracy. The socialist medical industry has cannibalized the funds available for medical care, resulting in the fact that even most middle class people don’t have the savings for better medical care outside the system.

Worse, the poorly educated economics profession refuses to understand free market economics. They have been trained by political apologists like John Maynard Keynes who was the mentor of famed Harvard professor Paul Samuelson, Princeton professor Allan Blinder, etc. All of them from left wing universities. The most intellectually honest economists come from the Austrian School founded by Ludwig von Mises, continued in the US at Auburn University in Alabama. I met Murray Rothbard in 1992, a protege of Mises. I admired Walter Williams of George Mason U, a brilliant black professor from humble beginnings in Philadelphia. In his day, he demolished people like K Harris.

What’s your current vitamin D 25 hydroxy blood level? You should know it off the top of your head. You told me your height and weight years ago when I spoke to you. I won’t mention it here because it is your private info, but I’ll say it was NOT optimum, putting it politely. I remember important info. You can go away.

My asymmetrical bet on a Trump victory (bot NAK under 28 cents) hit .4557 today. Today I paid .10 for the Nov 15 0.50 Put to lock in a minimum profit of at least 12 cents in case Kamala wins, while maintaining huge upside potential if my worst nightmare comes true.

For some reason, MM’s bets on RGR and SWBI have not worked out. Surprising.

Hi MM, Now a days I see that a lot of talk about Nuclear energy with AI every where. You touched that topic and recommended UUUU. That is good. But looks like there are many more ways we can profit on this Nuclear trade. Like SMR, OKLO, NNE, VST and so on and so many. Do you not think any of these will be big winners as well in different ways in this Nuclear space other than UUUU? Thank you for your valuable insights.

Also are there any ETFs for this Nuclear related space where all the vertical integrated companies are selected?

Last edited 13 days ago by HumbleInvestor

Why is EDIT down over 10% today? Is this a buy opportunity?

In today’s press release, which was expanded upon somewhat in the morning webinar, EDIT has concluded that given their current share price it would be too dilutive to continue to develop & commercialize reni-cel on their own so they are looking to partner or out-license it as a means of funding their in vivo strategy.

But their in vivo strategy is still preclinical so it is many years away from FDA approval and revenue generation.

They reported that they finished Q3 with ~$265M in cash/securities (which was a ~$53M cash burn for the quarter). Not mentioned but also likely a factor in the decision to partner/outlicense reni-cel was their recent deal with Genevant Sciences where they owe $238M in upfront and contingent milestone payments. They dodged any questions in the webinar Q&A related to the future guidance as well as additional details on the Genevant Sciences deal they just agreed to. So no guidance on where cash would stand after Q4 payments to Genevant.

They also stated they won’t provide a Q3 earnings conference call given the info they provided today.

AKBA up nearly 20% today as Blackrock discloses a 7.2% holding.

SEC Filing | Akebia Therapeutics

Also positive is that AKBA got a major dialysis provider on contract. They now have a majority of dialysis patients covered, and will soon get the rest.

Note to all: “a major dialysis provider on contract” is huge news. The dialysis business is basically a duopoly between DaVita and Fresnius which together control about 80% of the market.

Totally agree. Any idea why AKBA didn’t mention the name of this major dialysis provider, when recently they mentioned US Renal Care?

I disagree with Powell’s take on wage inflation and its effect on inflation. Look at mortgage rates now over 7 percent. Boeing workers getting 35 percent pay raises, $7,000. Ratification bonus, reinstated incentive plan to retirement plans, $5,000. One time payment and up to 12 percent in employer contributions! The Longshoremen Union just got a 62 percent raise and it’s NOT over. More to come in January. Canadian pilots just got a massive raise as well. How the FED doesn’t get that I don’t know??