Howard Lindzon on what’s wrong with Apple (video)
November 6, 2018 by Steven M. Peters
Come for the Apple stuff, stay for a 15-minute tour of this week’s market momentum by the co-founder of StockTwits.
I knew about StockTwits, of course, but I didn’t know anything about Howard Lindzon. And if he hadn’t posted a link to an Apple 3.0 post on his blog last week, I wouldn’t have stumbled upon this week’s Momentum Monday, the latest in what I gather is a long-running YouTube series. (Long enough, anyway, to collect a sponsor.)
The latest episode—my first—is entitled The FANG/FAANG Blues and Mood Matters and begins with Lindzon in evident pain at seeing the crown jewel of his portfolio getting hammered. “It’s my biggest position, and down 10%, almost 15%, is real,” he says. “This is what investing looks like when you’re a long-term investor.”
[youtube=https://www.youtube.com/watch?v=5BM-3qmdI44&w=840&h=473]
My take: This may be old hat to some of you, but I got an overview of a bunch of names—from Xilinx, a semiconductor manufacturer, to Starbucks, which Lindzon considers a technology company. A welcome break from Screaming Jim Cramer.
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