Gregmal

The potential of CRISPR is breathtaking. And most people, dont have the slightest clue. The investment angle is a little tougher, but playing the CRSP, EDIT, NTLA, BEAM trading sardine strategy will definitely be profitable. I'm still really hoping to see a Caribou IPO. To me, these are positions everybody should have a low single digit collective basket of. Upside "could" be enormous.

If you a scared motherfucka go to church -Ice Cube

awful technique. a true newyawker will grab a proper slice, fold it slightly in hand and eat it like a true gentleman, not like bloomie, all furtive with a torn shred and leaving the remaining bit of the slice all mangled and infected. one bite, everybody knows the rules... Yea, come on. You fold it in half and bite it. You dont use a fork and a knife and you dont perform faux felatio on your fingers afterwords either. These billionaires are so out of touch!

I think thats misguided though because you can avoid going against the current and go with it. Why rent(booking a night or two) a Marriot when you can buy a home at 3% down with a 3% mortgage on a GRBK lot? Or LGI? A lot of the one offs will be bridged by assistance programs and easing, or so I imagine. But the rate cuts(predictable) and subsequent supply/demand distortions will dictate the winners. As always, there are high risk areas, moderate risk and low risk. But with this they seem more pronounced. You can take the weak and put a bullet in their head while also going long the strong. I would almost guarantee a short WLL(or CHK)/PRTY/CBL long GRBK/PCYO/GRIF trade crushes it from here. Theres probably a bunch of other great pairs but those are the ones I follow. This narrative in the market has made it virtually impossible for certain themes not to play out. With these type of setups on the table why even fuck around with hotels, restaurants and airlines?

And folks say Trump is unfit to handle dealing with the virus! So unsanitary! How many hands do you think he shakes? https://twitter.com/realDonaldTrump/status/1234998841822216192?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1234998841822216192&ref_url=https%3A%2F%2Fnypost.com%2F2020%2F03%2F03%2Ftrump-rips-dirty-bloomberg-for-manhandling-pizza-licking-fingers-in-viral-video-gross-out%2F

Stock market 101. You pay an ultra high price for certainty. Today its 1.1% for 10 years. LOL. I'd rather take my money and trade N95 face masks on eBay for a few bucks than resort to putting my money away for those rates.

Pretty sound stuff there.

BOSTON, March 3 (Reuters) - Billionaire hedge fund investor William Ackman on Tuesday said he has moved to protect the firm's $6.6 billion portfolio, which includes restaurant chain and hotel stocks, as the spread of the coronavirus has sparked prolonged panic selling in markets. Ackman said he expects the outbreak, which has been detected in roughly 80 countries, to weigh on growth in the United States and abroad and affect both stock and credit markets. Over the last 10 days, "we have taken steps to protect the portfolio from downward market volatility," wrote Ackman, who oversees Pershing Square Capital Management. He declined to say exactly what steps he took. Ackman spoke out on the same day that the Federal Reserve announced an emergency interest rate cut. Ackman's statement, an unusual move for someone who seldom discusses portfolio movements publicly, underscores investors' fears that the coronavirus will have serious implications for economic growth. "We believe that efforts to contain the coronavirus are likely to have a substantial negative impact on the U.S. and global economies, and on equity and credit markets," the statement said. Ackman said hedging was preferable to selling off his portfolio of companies whose businesses are otherwise strong and include Chipotle Mexican Grill (CMG), Hilton Worldwide (HLT) , home improvement chain Lowe's (LOW), Burger King operator Restaurant Brands International and Berkshire Hathaway (BRK/A), among others. The hedge fund sold out of its position in Starbucks (SBUX) earlier in the year. In the first two months of the year, the firm's Pershing Square Holdings portfolio fell 7.1%, after having gained 58.1% last year, which made it one of the industry's best-performing hedge funds. The market drop has taken a bite out of the size of Ackman's funds, according to a report which put assets under management at $6.6 billion at the end of February compared with $7.5 billion at the end of December. 12% one month decline in AUM there for Billy Boy

Todays drop was actually because of the 22 tornadovirus deaths in Tennessee. Immediately moving the mortality rate into the upper echelons of virus folklore and making the coronavirus look like child's play.

The bold items, #3 would have to be subsidized then by the government. Which means almost immediately lab testing would become a new favorite hobby of guys from Staten Island with a lot of vowels in their last names. #4 would also be nearly impossible because of abuses as well. If anything Ive thought maybe forcing the employer to pay it with the amounts ultimately eligible for a tax credit could be more efficient.

Greg, i think it was a ‘cover your ass’ cut. On a daily basis Trump has been hammering away at the Fed to do a 50 point cut. The ball is now back in the President’s court. The big news to me is the 10 year treasury. It is in freefall and went below 1%. Indeed, the manipulative power of Twitter and a big mouth. I think he just donated his $100k salary to the cause, so pretty sure he thinks the balls back out of his court lol.

More MSG, MSGN Added to Wingstop short as well.

I did too until the 10% bump on an assumed one off gain. How come my stocks never get 10% gains on one off bs? j/k

In two days nothing in terms of the prognosis and transmission numbers has really deviated from what everyone already assumed. The only thing that has really changed is now we have a 50 point cut. Which on one hand, many said "do right away". On the other, it certainly feeds into the narrative that things are dire. One of those damned if you do, damned if you dont scenarios. Better safe than sorry I guess was the thought process.

They certainly aint fucking around.

And for all the America bashing(Dalal), please explain how it could have been handled any worse than China? They knew about it and covered it up to promote economic activity and travel for the New Year. Deliberately let people get exposed. Possibly fabricated the entire fish market story, and then locked down the entire place for a couple weeks. Total numbers? 3k/85k. Oh they're lying. Multiply by 10. So even after China style negligence multiplied by 10 you have numbers that rival!.....dun, dun, dun.... The common flu annual totals! Do you think those figures are ultimately the totals here? About 5-8% of people get the flu every year. Less than 1% of Wuhan got coronavirus. But throw a big, bad name on the thing, and spam blast it all over Twitter and every media outlet, and yea you might have some residual effects and people running around scared. People are now treating a new case total gaining 25% similar to a company gaining/losing 25%, when in reality it is probably more equivalent to 25 shares trading after hours.

LOL Russia. 3 cases. 2 cured. They must be rigging the virus. Im still waiting for someone to connect why the likely or even less likely and more severe scenario warrants, lets say, Google losing $100B in value? One quarter of really ugly numbers? Two? A year? How ugly should those be? Lets say it goes on for a full year and figures contract 35%! Surely a rational investor would pay, lets say 20x trough earnings for a company like Google. Is the doomsday scenario 11% downside? How scary. No one seems to be quantifying anything in any terms that translate to anything of significance for investments. And no one has really answered the question, what if we only end up with numbers that resemble the flu? Does that kill the markets? I mentioned early last week how people I was speaking with were telling me restaurants in Chinatown were seeing traffic down 40%. And that people in other parts of the country have noticed nil. So obviously the effects will ripple into some areas of life. Others probably not. You want to give me Madison Square Garden at a $5B EV because of a year of the flu? OK.... give it to me. All day. If nothing else, thing is perfect long/short territory. You'll likely have such volatility for a short while that you dont even need to be a good investor just cover shorts when market goes down and flip longs when it goes up and gradually taper short exposure as this plays out.

https://seekingalpha.com/news/3547839-berkshire-beefs-up-delta-stake

Todays snap back does make things a little more interesting. I did some minor repositioning today, mainly of stuff I bought late last week. So we lose 12%, get back 5%. Is 7% the right number for "moderate pullback + corona"? Not really sure but I do agree volatility is likely here to stay and we may be collared.

MSG

So sure, some people genuinely might want to know data set ABC. However quite a few others, with agendas, ask for ABC. When they dont get it, they cry about withholding info and conspiracy theories. On the other hand if they do get it, it never ends there, it turns to "then what about this?" or "why is that done this way". Many of these "questions" have little objective but to stir the pot and create counterproductive narratives. Just like Mr. Einhorns "why did you stop tracking that on the 10k" question on the Herbalife call.

I agree with the sentiment on Trump. One of my biggest "look out below" apprehensions relates to something similar to last week where this guy goes out there and tries so hard to send the right message, that he becomes completely unreliable and then combines that with further desperate and see through attempts to do the same; ultimately rendering pretty much everything coming from them useless and unreliable. There, in that case, could be bottomless drops as nothing will reassure anyone of anything. However I believe we are a long ways away from that and contrary to the reports, I dont think he and his administration have done anything better or worse than most else have. I think conspiracy theories can arise from both lack or information, and from having too much information. Often it is easier with too much before dots can be created and linked that otherwise wouldn't exist. Its in fact, a common tactic used by activist short sellers.

Sometimes you have to manage a situation and it isn't one thing or the other. Much like we saw in 2008-09(just as an example). If you feed the people looking to stir up problems, you will likely cause greater harm than good. If the government misleads people into thinking they are safe when they are not, you cause more harm then good. There is a fine line. It'll never be perfect.

Um... I for one would like to know how the virus is spreading (or not), for my own and my family's health, if for no other reason. How is this controversial? Its not controversial. There are other website that tracks this stuff and plenty of information on cases being updated regularly. There is a difference between that, and say purposely peddling propaganda and fear mongering for no reason other than clicks or hatred of the president. One is useful, the other, serves no purpose. As I pointed out earlier, several of the big left media outlets have entirely reconfigured their websites to play in to these things. How does the "total tested" column have anything to do with your family's safety lol? If you think its an issue, take precaution. If you dont, do whatever floats your boat. Heck, they could test 50% of the population and tomorrow its meaningless because of spread and transmission. The "coverup" part is whats laughable, and you can clearly see the agenda if you spend 3 minutes looking around that fellows page.

Well, for one, thats just one of the minuscule differences between America and China. Chinese say, "sit your ass down, for the good of the country, we are handling this, how we see fit, if you dont like it, tough". In America, we over analysis the fuck out of every single little data point and demand things like total number of tests administered just to further perpetuate headlines and conspiracy theories. As we already saw, is it really in anyone but the medias interest to peddle fear and chaos? As we just saw last week, way too many folks watching too much Walking Dead.