CHATROOM

The Real Wall Streeters: Howard Lindzon

November 22, 2007 at 12:03 pm
by Timothy Sykes

Watch these 7 free video lessons on how I became a millionaire

Happy Thanksgiving everyone! ‘Tis the season to talk about what we’re thankful for—this year, I’m most thankful for the audience my wild journey has provided me with and stock blogging. That’s right, books and TV are great sources for edutainment, but it’s only through daily stock blogging that I’ll really be able to teach people about responsible financial speculation, the stock market and all the stuff that goes along with these fun subjects. I mean how else would I be able to share the details of soooo many stock trades to sooooo many in such an easily categorized and searchable fashion.

So, I’m proud to announce a new blog category for www.timothysykes.com in which I’ll be posting interviews with the real Wall Streeters. I think you’ll be surprised to discover who the real movers and shakers are–and this knowledge should help you better understand the wonderful world of finance.

I recently caught up with the ever bustling, one of the godfathers of stock blogging, creator of the revolutionary WallStrip , hedge fund manager, venture capitalist and blogger extraordinaire , Howard “The Man” Lindzon.

lindzon.gif

You seem to have your finger on the pulse of the financial blogging world—where do you see it heading?
Financial blogs left alone by mainstream media will continue to explode. Too many bright people with something to say. Like comics, just with money on their mind.

Why are you so obsessed with stocks making new highs?
Because it works. Small investors face less friction in strong stocks. They need to have good money management, but buying lows is for the real pros. I think there are two of those people on earth.

You have a lot of cool venture capital investments—which one/s are you most excited about?
Golfnow.com and Lifelock in my portfolio are the most satisfying and I am happy to be involved.

What are your Thanksgiving plans? Give us your three favorite Thanksgiving dishes.
I just started a diet so water, water and turkey, no sauce. I have traveled non-stop this year with CBS, Wallstrip and my fund so just hanging out in 80 degree Phoenix weather for the week. Maybe some golfffff.

Do you ever feel the urge to just cash out and go live in Hawaii or something?
I have urges to live in New York for a while with my family. Hawaii no way.

Can you give us three solid stock market rules to live by?
1. Stay in the Game
2. Avoid derivatives, options and short selling
3. Always be invested. Pick an exposure level you are comfortable with. Don’t time the market. I wish I lived 100 percent by that rule.

Tim Sykes on Wallstrip—long or short?
You are basing, backing and filling. Don’t rush it and when you breakout

…sure!

Posted in Interviews, Real Wall Streeters

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  • timsykes

    LOL, too bad all the comments got erased, but how funny is it to look back and see how polite I was when I first started blogging :)

  • http://tradingaddiction.blogspot.com/ Tradingaddiction.blogspot.com

    Dude WTF, tay away from options?

    Thats the best way to make money!

  • Dan000

    hi

  • phil235

    I must be learning something, I noticed GPIC this weekend and thought the same thing.

  • Getshorty

    Tim, Palian, didn’t got the email today, had to check the alert by entering to the page.

  • kelvin

    i think he didnt send yet

  • TheParadox

    no, email either… he hasn’t sent it yet.

  • Getshorty

    Usually it is sent at the same time, or within minutes from the time the Timalert post is posted.

  • kelvin

    he postd this 5 hours ago

  • xilimmns

    Hello Tim, I am the new guy on the block here. Same as others, no e-mail for me this am. T

  • Reaper

    Greetings from beautiful Portland, y’all. I’m having a good time on vacation. Since it doesn’t look like anything great out there, I won’t be trading today.

  • jsatter

    Good lord guys…give the man a break…at least he posted it here!

  • TheParadox

    reaper, look at MCCC and MOVE … MCCC is a cable company… our cable company actually and we hate them, in fact everyone hates them! they’ve lost money

    Move looks fun and other i found are cwsi, kyus blda biof and avr

  • phil235

    Can anyone reserve GPIC?

  • TheParadox

    just zyxi, nothing looks to bite

  • YoungGunz

    I got the email pretty much the time it always comes with the delay going through email servers. The email is sent out at 8am est probably on a timer. I think he is posting the watchlist to the site when he finishes it and the email is set to go out at its regularly scheduled time.

  • YoungGunz

    Take that back this one was a little later then it usually is but either way quit freaking out. Technology is great when it works and it doesn’t work all the time. You have to expect things to vary a little. I think he’s either in Japan or heading off to Japan here soon so lets be grateful that he’s actually planning his vacation around wireless hotspots to be able to still do the alerts.

  • TheParadox

    does anyone see something that could move that tim hasn’t spotted

  • be-the-ball

    test

  • krakken

    i didn’t get this email either.

  • YoungGunz

    that active trader beta thing in ToS isn’t doing what i thought it would. i don’t think i like it.

  • milingz

    YG, I agree…its pretty pointless

  • phil235

    looks like GPIC has some resistance around 6.25

  • http://www.heyidea.com Sweeney

    bought 2k shares of MITI premarket @5.70… might buy some more

  • notesguy88

    zyxi just took a dive from the get go.

  • bestdeception

    Have fun in Portland Reaper. I’m at the beach this week also. I will be doing very limited traded as well. Enjoy all! Time to go get some sun.

  • milingz

    cant get any zyxi…still pending, but the drop looks good.

    first major selloff…maybe it will carry in to tomorrow?

  • mjdiaz89

    Look at RDN and ABK go…

  • TheParadox

    mil, don’t short these guys in the morning… this is a mega squeeze, i would short today only if it can break 5.40

    For some reason or another, people like to short these stocks in the morning, but all the action comes in the afternoon…

  • bobbymapp

    I think that Active Trader thing is just a user friendly order book, you can click and drag orders and it’ll change everything automatically. Also, you can set you stops knowing what your projected profit or loss is. Pretty useless for people who do everything manually anyway.

  • TheParadox

    its not the best short, but EMKR looks likes a good short, even in the morning

  • http://www.realpokerlessons.com xman2820

    Hi everyone. I’m new here, so I apologize, but can someone point me to a link here on shorting stocks under $5. My broker won’t let me do it and I thought I saw a link here (of course can’t find it now), but on how to do it. Thanks.

  • TheParadox

    xman, TIM recommends ThinkOrSwim, hell i use and recommend think or swim. another good broker is Interact Brokers. I hear they are just as good. you can just google it cuz im lazy…

  • VS

    Good to short RDN at 4.85 (lot of resistance at this level) ?

  • Gertsomething
  • http://www.realpokerlessons.com xman2820

    Thanks guys, I appreciate it. :)

  • Getshorty

    Shorted RDN at 4.34 cause it looked like first down day, So what’s the take, just short this suckers in the afternoon, it really looked like the first down day.

  • dannyo1987

    RDN has had a recent history of popping up in the afternoon.

  • Reaper

    on a random note, I saw a delorean yesterday. there is a lot to be said for taking a break from trading.

    typed on my sprint mogul phone.

  • Getshorty

    reaper, you already on your Portland vacation?

    How is the weather here, 6 hours north, here in Vancouver it switched from great summer (spent weekend on a boat and beach) to crappy crappy crappy.

  • t0nydean

    if the pattern of last week holds RDN will pass $5 around 3:00-3:30 EST today…of course that is a giant, enormous, godzilla-like IF …

  • Getshorty

    It will be more like a Godzilla standing in King Kong’s shoulder IF, last week no intraday RDN broke below previous day as today

  • t0nydean

    I’m almost ready to go long RDN if this keeps up…where does everyone see resistance next? $6?

  • YoungGunz

    Yeah shorty the morning is always a crap shoot how a stock is going to go. There is usually a lot of volatility right away either up or down or both. The best plays that him has made he’s waited until things settled out and start heading sideways. When it gets into the afternoon a lot of patterns that are up big in the last couple day and start going sideways with a slow fade into its first down day usually fade into a bunch of afternoon lunch stop losses.

  • ddopps

    did anyone get in on FDM this morning on the way up?

  • be-the-ball

    Tim,

    Why would a 2 week trip to Japan take so much planning?

    1 hour to pack a bag. Done.

    Must be a Jewish thing, you guys do like to be prepared. LOL

  • Cashiuus

    I’ve gone to a bunch of foreign countries before and if you don’t plan you end up seeing a lot of stupid shit that you wish you hadn’t wasted time on. You have to plan so you know what’s worth seeing and what looks like it does in every other city.

    For example, Roman baths in Turkey, they suck bad and are just pieces of stone sticking out of the grass with nothing else around. Summary, 4 hours wasted to look at the equivalent of a cemetary.

  • be-the-ball

    I gte. I have traveled more than you Cashius and I never plan ahead.

    I am not a tourist when I travel.

    Too each his own, however, whatever makes traveling fun for you.

    I was just worried it would limit Tims trading trying to plan the perfect trip for this chickadee of his…

  • t0nydean

    Quote #1:
    “Tim,

    Why would a 2 week trip to Japan take so much planning?”

    Quote #2:
    “don

  • kaim2196

    Can any of you suggest something like a good “stock search” engine for me?

    -newbie

  • Buziness

    i got in on Fmd at 3.61 and sold at 4.40. nice $900 profit. I needed that since I have been in a huge slump lately… ddops I think you meant FMD right?

  • ddopps

    buz – ya you got it right. sorry about the typo FMD – I got in at 4.04 – I’m gonna ride the rest of the day depending on what the action is like.

  • kaim2196

    Any of you buy GPIC?

  • Buziness

    DDops did you hang onto FMD? I bought back again @4.50 with 1/2 position and held through close. It was a huge up day but there is still 11 million shorts that have some huge balls if they don’t cover. so hoping for a gap up 2morow.

  • ddopps

    chickened out at 4.75 for $700 profit – should held through tomorrow – it’s up to 5.91 in after hours trading.

  • Buziness

    How could u sell on such a bullish close? Hopefully I won’t regret it. I think its got another 1 or 2 days of upside before any pullback or correction. Either way nice profit and congrats!!

  • ddopps

    made a few not so good trades over the last few weeks. been a little trading shy since those. I’m sure you won’t regret it through tomorrow. who knows I made jump back in early in the AM?? depending on how of a few of my others open.

  • samyharmoush

    Anyone notice hat the thinkorswim trade desk was REALLY slow today?

    IDMI, cost me a solid 150 to get out of because the desk was so slow today.

    Holding 700 shorted shares of ZYXI @ 5.38

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