Gregmal

As soon as spring arrives and along with it, the 20-something year old chicks in short skirts w/ their tits out....people will remember what made NYC great!

I try to be as transparent as possible but sometimes for liquidity purposes need to be a little bit discreet, especially with stuff with big spreads and limited liquidity like these. But generally speaking, I'm in the March-June timeframe and in various strikes from $125 down to $80, a few kamikazes below that but mainly 80-125. Ive also put on some minor exposure via a straight short of the common. Every day I wake up I become more and more convinced we are currently in the later stages of a bubble in several prominent market places, and it seems most people are in an Enya video. Perhaps I'm losing it though.

Starter in ALCO and MAA, shorted some ZM. Added to BYND puts.

Another round of BEAM and some more EDIT. Running out of shares to sell!

And ironically enough those excited but stupid and buying XRP and possibly doing so directly from the company, making the company more valuable at the expense of their fanboys...lol

Ripple Labs is now just Ripple. Outside of what I assume you are capable of finding yourself(having deduced from your posting history a reasonable competency with sleuthing publicly available data) there really isn't a whole lot more out there than likely what you've already seen. Private market valuation range on Ripple is huge. Over the past 12 months shares have traded at anywhere from a $3B valuation to a $17B valuation. A big piece of the valuation is their holdings in XRP, which personally I would not pay for. It is pretty cool though being able to, in an unregulated manner, just dump your own crypto coin into the market for cash. That said, take a look at their financial backers and the folks who've participated in their funding rounds. Certainly nothing to sneeze at. They're probably more established with the big banks than any other crypto-ish outfit I'm aware of. I also believe if you're concerned with the 2019 Series C that there are IPO ratchets. All in all, its definitely not a 0, and there's been some rumor they'll IPO soon. If they IPO in this market you're looking at a $25B + valuation with ease. How long that lasts? Who the f knows. I'd look at this as something to be excited about with respect to Tetragon, not something to dislike. Especially if you arent ascribing much to it anyway.

That is my understanding. Basically everything w/ FINRA comes down to compensation and the offshoots of it. Disclosure, conflict of interest, ethical dealing, etc. That said, the 65 is easy and it probably costs $20k or so to setup an IA operation. If you are running more than 15 accounts you are likely well over $1M in AUM which should generate enough to make the official setup a worthwhile expense. There's a few things in the biz that you always want to remember. The first is CYA. If you're getting paid under the table you still have to file a tax return. If you file a tax return accurately a regulator has you dead to rights. They catch you doing shit improperly and they'll have no qualms about banning you for life. If its a wealthy Uncle who want to throw you 2/20 for his personal account, sure. But once you're dealing with multiple accounts always do it by the book. One bullshit customer complaint will do you in otherwise. And believe me, Ive met a ton of scumbags in the biz, but even the genuine and honest folks...it doesnt take much to run into issues with customer complaints. Buy a stock that goes down and all of a sudden they get amnesia and it was a UT, have one bad year after many good and all of a sudden the fees are unacceptable. Always protect yourself. The license and the RIA/IA status will help with that.

Any news for GEOS to trade up 30% since that day of forced selling? Only news I saw was the $6 to ~$8 move which in a round about way screamed, "ALWAYS TAKE ADVANTAGE OF FORCED SELLERS!"... I've trimmed position down again to about half; I think the rest I'll layer out of in the 8s. I would not be surprised to see a sale of the company though. The buyback was actually intentionally, or unintentionally, brilliantly timed as well. Sold the rest of this today. Also did the unthinkable. Shorted some Tesla. ~1% position.

The biggest pig in the CRISPR universe, has been set free and is now flying. As such, trimmed some EDIT.

I guess no one here remembers the late 60‘s Hippie generation. The Hippies were far more radical and socialist than the Millenials are now and look at where we are. Its funny but this is so true. On of my ex gf's father was a self proclaimed hippy. Really cool dude. Still smoked pot every Friday night and weekend, drank his Pinot Noir daily, listened to Eric Clapton and all that. Had all sorts of war stories from his days as a hippie. During the day he was an executive at a major insurance company with a nice big corner office on Lexington Ave....

Meanwhile how many other countries have started vaccinations? There is one area where the US is not resembling a first world country... https://www.thepharmaletter.com/in-brief/brief-fda-slammed-for-operation-turtle-speed-over-covid-1-vaccine-approval On one hand, the virus is oh sooo deadly we need to commandeer peoples lives and livelihoods, suspend common sense so we can cater to these clown scientists....and on the other, we're letting the bureaucrats and academics sit on their asses for 3 weeks and letting guys like Fauci criticize others for "rushing" LOL. You cant even make this kind of shit up.... Last time I checked, urgent, and rush, kind of go together. Instead, lets let everyone else vaccinate first while we sit around exercising our rights to be academics! What a total joke.

Quick glance, first thing that comes to mind is that you've got a lot of unnecessary overlap. Concentration is fine if you know what you're doing.

Sold another 1/3 of BEAM. When the fun stops, no one knows!

My core stuff really doesnt change much over time. I trade everything non core and a have a lot of different strategy stuff typically going on. But 60-70% core is wrapped up in MSG entities, HTL, PCYO, BRK, and recently added OMG. There's one more in there thats been such a POS I refuse to even mention it. Got a handful of bigger than 2% but sub 10% positions like AYR, ESRT, BAM, FRPH, GOOG, JBGS, SPG, CRISPR basket. Most other stuff changes so frequently its not worth listing.

Where do I buy this real estate ETF?

AYR was a noted outlier. It worked as a SPAC rather than traditional IPO due to regulatory burdens facing MJ companies. Very much a one off IMO. In fact I recall at the time, maybe 12-15 months ago, some of the biggest criticisms of it...was that it was a post deal SPAC. What a difference a year makes, eh?

Agree with the above, with one noted exception. Making money always feels good! But yea. Narratives are important but also realize that all these things are run by salesmen focused on promoting narratives. Always a star CEO, a "guy who led XYZ", etc. Up until this year, spac deals were always regarded as crap, typically PE exits that compensate the sponsor regardless, and totally screwed the retail investor. I would say theres no good or bad companies out there; looking it like that is a mistake, theres just good or bad setups. Ive found over the years to stick with the credible book runners or deals of size. Cantor has always been the leader in the space. But this year this bigger guys have really gotten into the game and thats less of an issue. It really doesnt matter right now.

From one of my headline feeds..... Oppenheimer analysts ups CRSP price target to $155 from $105, maintains OUTPERFORM rating. Current share price? $159... LOL We should put all the analysts together in a room with all the scientists and academics and see what comes out....

The best part about IB is if you call in to their "trade desk", you'll probably get the order in right as the internet login gets fixed.....in about an hour!

Any news for GEOS to trade up 30% since that day of forced selling? Only news I saw was the $6 to ~$8 move which in a round about way screamed, "ALWAYS TAKE ADVANTAGE OF FORCED SELLERS!"... I've trimmed position down again to about half; I think the rest I'll layer out of in the 8s. I would not be surprised to see a sale of the company though. The buyback was actually intentionally, or unintentionally, brilliantly timed as well.

Perhaps now, perhaps in 6 months, perhaps in a year or two we can revisit. When it comes to being in the market, the only thing that matters is putting yourself in position to being on the side of the trade that makes money. If folks were too distracted, or filled with fear, or grief stricken to invest, thats ok. As I always say, we all answer to our own P&L's. Perhaps down the line, when one is back in the office, or with their colleagues, bosses, patients, clients or whoever they answer to, they can take some time on their allotted lunch break to come back here and lecture me on trading family members for dollars....at which time I'll probably be at home, happily, with the wife and kids...mid 30s and all. Time is money. Who's really trading family for dollars? Whats spending the next 2 two decades doing a 9-5 worth? 80% of your kids lives as kids? Tisk, tisk.

Almost daily occurrence lately, trimmed more CRSP, BEAM, also a little RPTX and ESRT...still waiting for the bubble to burst.

Goldman to Florida!

I'm not slandering him but holy shit Sanjeev, how many times do we need to give people a break for making the same mistakes? I certainly dont mince words about guys like Einhorn who do it. I am sure he's a great guy. Why do you keep doing something that isn't working? Isn't it a travesty to have wasted what has literally been one of the most ridiculous periods of market prosperity in modern history!?! Where all you had to do was not be "that guy" FOR THE ENTIRE STRETCH! I made a point of distinguishing this from Sardar, who is just all around an awful person. Thats not Prem. But I still think its inexcusable to not adapt as a manager. Thats ultimately their entire job! How many shareholders would have preferred to have taken a 50% drawdown in 08 and then just rode the wave rather than continuously being plagued by this need to be the smartest guy in the market by timing the next temporary drawdown? Which honestly, we've had a bunch of those over the last decade and when they've happened, FRFH still has somehow managed to avoid reaping the benefit of them. Its not about blasting a good man, its about being accountable as a manager and learning from your mistakes. I've tried so many times to get myself to like this stock/company and briefly owned it I think in either 2013 or 14. But every time I try, I come back to the same thing, and that is very simply, that whatever you are trying to accomplish here, you can do elsewhere without the management risk.

Yup, I brought this up in the spring, and it was widely determined by the experts here not to be relevant to anything even though cycle threshold is 10000% relevant to everything regarding spread/severity of this "cold". Or that the vast majority of positives in the US would have been negatives in other countries.....