$LWLG

Does he own it?

No ownership signals anywhere. He explicitly states he has no open positions and is "just confused" by its valuation. LWLG appears only as a bearish foil to argue his real longs (SIVE, Shunsin) are mispriced. He calls it speculative/pre-revenue and tags it under "speculative modulator materials," never among his longs.

His thesis

He views LWLG as wildly overvalued (~$1-2B MC) given it is pre-revenue and rests on a single speculative test/development agreement with Tower Semiconductor. He repeatedly uses it as a benchmark of irrational valuation to highlight that his actual picks (a Swedish laser maker and Foxconn's optical packaging arm) are far cheaper despite real revenue and hyperscaler exposure. Compares it to RGTI as a hyped, speculative name driven by "dumb money" institutions.

How his view evolved

Consistently skeptical throughout. Early on cited as a puzzling overvaluation versus his SIVE thesis; later explicitly disclaimed any position and likened it to RGTI. Tone hardened from confusion to dismissiveness, but never bullish or owned.

Key points

• Used purely as an overvalued comparison to justify his real longs
• Explicitly stated no open positions, only confusion
• Framed as speculative/pre-revenue resting on one test agreement

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $LWLG on X ↗