I have been working this week in New York visiting portfolio companies and talking to investors.
On Friday I was over at the Vice HQ in Brooklyn brainstorming sharing some show ideas I have for a financial vertical. For Vice, it is their job. For me it was just fun to share the ideas I have been fleshing out for years.
Today, I am just going to go through the markets, read pitch decks, return mail and grab some food at my favorite spots in the neighborhood. Here is the view from my lobby at 60 Thompson…
The markets are doing better than I expected which has helped a lot of growth stocks regain their 50 and 200 day moving averages. That is very constructive.
Four weeks ago I was deep in Apple, Facebook and The Nasdaq as the panic peaked. This week I sold the balance of my Facebook and Nasdaq which ended up being great trades. Apple is starting to firm a little but I am still a bit underwater on the trade. If only I had focused on Netflix.
Facebook will continue to be under scrutiny no matter what happens next in the markets good or bad.
There are some new names breaking out to all-time highs which is nice to see. I will go over them in tomorrow’s Momentum Monday.
This piece on Nike’s self lacing shoe is really interesting.
The first (legal) weed billionaire is an excellent story.
I started watching True Detective Season 3 last night and it is great.
Have a great Sunday.
Originally published at Howard Lindzon.