ELON MUSK IS GOD

[sonatine]

An employee at billionaire Steve Cohen's hedge fund Point72 Asset Management has been infected with coronavirus, according to an internal email reviewed by The Wall Street Journal .
The unnamed employee worked in the firm's Hudson Yards location in Manhattan and hadn't been to the office since early last week, according to the email, which was sent to staff on Monday evening.
Point72 said it was in contact with state and local health departments, and that the employee was "currently self-quarantined at home, safe, and receiving ongoing care."
Point72 is one of the first financial firms in New York to report a confirmed case of coronavirus.
In the email, Point72 also said it would be "conducting a deep cleaning" of its 55 Hudson Yards location. In addition, the firm said it was requiring employees who worked on the 14th floor over the past two weeks, to work from home for the next 14 days.
"We have extensive business continuity plans in place to ensure the firm can continue to operate," Tiffany Galvin-Cohen , the firm's spokesperson, said in an email.



cool cool

[Sanlmar]

An employee at billionaire Steve Cohen's hedge fund Point72 Asset Management has been infected with coronavirus, according to an internal email reviewed by The Wall Street Journal .
The unnamed employee worked in the firm's Hudson Yards location in Manhattan and hadn't been to the office since early last week, according to the email, which was sent to staff on Monday evening.
Point72 said it was in contact with state and local health departments, and that the employee was "currently self-quarantined at home, safe, and receiving ongoing care."
Point72 is one of the first financial firms in New York to report a confirmed case of coronavirus.
In the email, Point72 also said it would be "conducting a deep cleaning" of its 55 Hudson Yards location. In addition, the firm said it was requiring employees who worked on the 14th floor over the past two weeks, to work from home for the next 14 days.
"We have extensive business continuity plans in place to ensure the firm can continue to operate," Tiffany Galvin-Cohen , the firm's spokesperson, said in an email.



cool cool

The employee is affectionately called B-Unit

[SPIT this]

An employee at billionaire Steve Cohen's hedge fund Point72 Asset Management has been infected with coronavirus, according to an internal email reviewed by The Wall Street Journal .
The unnamed employee worked in the firm's Hudson Yards location in Manhattan and hadn't been to the office since early last week, according to the email, which was sent to staff on Monday evening.
Point72 said it was in contact with state and local health departments, and that the employee was "currently self-quarantined at home, safe, and receiving ongoing care."
Point72 is one of the first financial firms in New York to report a confirmed case of coronavirus.
In the email, Point72 also said it would be "conducting a deep cleaning" of its 55 Hudson Yards location. In addition, the firm said it was requiring employees who worked on the 14th floor over the past two weeks, to work from home for the next 14 days.
"We have extensive business continuity plans in place to ensure the firm can continue to operate," Tiffany Galvin-Cohen , the firm's spokesperson, said in an email.



cool cool

The employee is affectionately called B-Unit

Think it was C-UNiT

[Daly]

Chalk this up to “an if” at this point.

-if-

CCL doesn’t go bankrupt it’s an easy double in a year, year and a half.

It's not going broke. Plenty of very cheap money to borrow to weather this storm. Besides, who wants to reposes the boats? I'm nibbling.

All shipping is a highly leveraged industry. There are dry bulk stocks from 15 years ago that were $10 a share that are now otc $.000000002.

I think it’s worth a shot but what I’m really hoping for is the government to step in and shut them down for a month and have it crash to single digits. Might happen

[sonatine]

theres something going on where gov is sweating cruise lines for data about passengers that the cruise lines are resisting giving up.

imo thats why that ghoul weasel was like "lol i hate cruises, dont go on them" during the presser tonight.

so i wouldnt count on a cruise industry bailout basically. airlines? bet on it, sfo. cruises are on some sort of shit list right now tho.

[Sanlmar]

One bullet - choose

[sonatine]

inovia just got called out for Total Fraud over their 'we invented a coronavirus vaccine in 3 hours' claim which took their stock from like $2 to $12. currently trading at $9.

[Tellafriend]

One bullet - choose

Easy: Kudlow

[Daly]

[Dan Druff]

I think there's going to be big opportunity to buy cruise line stock when this is at the bottom.

Not yet, though, as a complete shutdown of the US market is looming, and that will send it in the toilet even further.

NCL (Norwegian) fell from $59.65 on 1/14/20 to $19.81 on 3/9/20.

I could see it falling into single digits if a shutdown occurs.

I think I'm going to buy some when the shutdown is over (or if it's clear it's not going to happen) AND the coronavirus hysteria dies down. I believe this is one industry which will recover, though it will take a little time.

Wynn Resorts -- down almost 50% in the same time period -- and similar casino stocks, are another clear buy opportunity once the hysteria is over.

I think this is a rare opportunity presenting itself, because these were healthy businesses pressed down by an external force, which will cease to be a factor once it's brought under control.

Let's say the coronavirus is no longer a big deal by October 2020. Can you picture Vegas still struggling in early 2022? I can't.

The cruise industry may take a bit of time, because this kinda woke people up to a long-known but little-discussed danger of cruising. So even once this passes, people may wonder, "What's next?"

However, memories are short, and people love cruises (especially old people) because you get a lot for your money, and everything is done for you. For many elderly people, it's the only way they can efficiently travel, without being bogged down by long drives, airport hassles, dragging luggage from place to place, etc. I can't see that dying out, unless this thing really kills a lot of cruisers, which it probably won't because cruise ships will stop running before that happens.

[sonatine]

just a thinking out loud shitpost...

i dont know if i want to cash out my march 20 airline/cruise puts today or nah.

* we are sitting at fall of 2014 prices basically. ebola was in the news then. so at this point my airline options are really at a holistic neutral in terms of value. hence, expiration value is a race between event driven stock price deflation in the next 10 days (more people infected/dying, flight stand downs/disruption) and virus=nothingburger & time decay.

* they are pretty deep itm but might not be for long if we have another day or two rallying... on top of which, i can jump back into the market to scalp if things go south, but i lose ditm exponential value growth. further more a lot of plague drama is priced into the market at this point.

* i had a fucking great thesis for why we were going to have a major breakout (down, most likely, for obvious reasons) starting on friday/monday. yesterday drank my fucking milkshake.

last week:



all that energy was getting squeezed perfectly. landfall was going to be something like march 14/15.

now we have this:



i can make guesses about where we are heading but at this point, for the near term, im just guessing which way a leaf will blow in the wind. there is no compression any more. we are back to ping ponging around with no real momentum building. we can make confident assessments about where this goes once bodies start dropping but those assessments are one dimensional, and the most essential variable to this equation is the one we lose; time.

before i had a clear indication that _something_ was going to happen when resistance and support collide. this tho?

"five fucking families, and we got this other pygmy thing over in jersey."

* emotionally, holding positions overnight has become really taxing for me. its giving me a sleep disorder, wanting to wake up at 4am to check market movement. imo, better to scalp intraday trends.

likely path forward:

1) cash out puts if spy gets greener, which seems likely.

2) wait for another market surge from the presser tonight where they announce that payroll tax relief and QE are going to finally defeat a plague.

3) rebalance short portfolio with a may 16 expiration date.

[Daly]

I think there's going to be big opportunity to buy cruise line stock when this is at the bottom.

Not yet, though, as a complete shutdown of the US market is looming, and that will send it in the toilet even further.

NCL (Norwegian) fell from $59.65 on 1/14/20 to $19.81 on 3/9/20.

I could see it falling into single digits if a shutdown occurs.

I think I'm going to buy some when the shutdown is over (or if it's clear it's not going to happen) AND the coronavirus hysteria dies down. I believe this is one industry which will recover, though it will take a little time.

Wynn Resorts -- down almost 50% in the same time period -- and similar casino stocks, are another clear buy opportunity once the hysteria is over.

I think this is a rare opportunity presenting itself, because these were healthy businesses pressed down by an external force, which will cease to be a factor once it's brought under control.

Let's say the coronavirus is no longer a big deal by October 2020. Can you picture Vegas still struggling in early 2022? I can't.

The cruise industry may take a bit of time, because this kinda woke people up to a long-known but little-discussed danger of cruising. So even once this passes, people may wonder, "What's next?"

However, memories are short, and people love cruises (especially old people) because you get a lot for your money, and everything is done for you. For many elderly people, it's the only way they can efficiently travel, without being bogged down by long drives, airport hassles, dragging luggage from place to place, etc. I can't see that dying out, unless this thing really kills a lot of cruisers, which it probably won't because cruise ships will stop running before that happens.

Obviously on the same page as I said as much 15 or so posts ago.

With Ships you need to worry about debt and CCL is best in class in a lot of ways including this very factor. They have cash on hand and long term friendly debt.

CCL is my target and I’m “mad” it’s up $2.50 this morning. If the US drops the ban hammer and this trades with a 1 handle I’m in for a 2 year stretch for 6 figures:

[Dan Druff]

I think there's going to be big opportunity to buy cruise line stock when this is at the bottom.

Not yet, though, as a complete shutdown of the US market is looming, and that will send it in the toilet even further.

NCL (Norwegian) fell from $59.65 on 1/14/20 to $19.81 on 3/9/20.

I could see it falling into single digits if a shutdown occurs.

I think I'm going to buy some when the shutdown is over (or if it's clear it's not going to happen) AND the coronavirus hysteria dies down. I believe this is one industry which will recover, though it will take a little time.

Wynn Resorts -- down almost 50% in the same time period -- and similar casino stocks, are another clear buy opportunity once the hysteria is over.

I think this is a rare opportunity presenting itself, because these were healthy businesses pressed down by an external force, which will cease to be a factor once it's brought under control.

Let's say the coronavirus is no longer a big deal by October 2020. Can you picture Vegas still struggling in early 2022? I can't.

The cruise industry may take a bit of time, because this kinda woke people up to a long-known but little-discussed danger of cruising. So even once this passes, people may wonder, "What's next?"

However, memories are short, and people love cruises (especially old people) because you get a lot for your money, and everything is done for you. For many elderly people, it's the only way they can efficiently travel, without being bogged down by long drives, airport hassles, dragging luggage from place to place, etc. I can't see that dying out, unless this thing really kills a lot of cruisers, which it probably won't because cruise ships will stop running before that happens.

Obviously on the same page as I said as much 15 or so posts ago.

With Ships you need to worry about debt and CCL is best in class in a lot of ways including this very factor. They have cash on hand and long term friendly debt.

CCL is my target and I’m “mad” it’s up $2.50 this morning. If the US drops the ban hammer and this trades with a 1 handle I’m in for a 2 year stretch for 6 figures:

Thanks for the CCL tip. I was looking at them too. I was wondering which line was most stable regarding debt and cash on hand, so they can weather a shutdown storm without falling into inoperability.

I don't want to buy anything until this really looks like the panic is over. It might still have a long way to go down from now.

[sonatine]

Embedded Tweet

https://twitter.com/twt/status/1237349833377275904

phew that was close.

[Baron Von Strucker]

[Sanlmar]

Care to assemble a TARP bailout list?

Airline
cruise
Oil drilling

Leisure - rental car industry. Hotels, casinos, legal prostitution

Any other stupid ideas I’m overlooking?

Zero rates.


We are good though. Kudlow said we are fundamentally sound.

[SPIT this]

Care to assemble a TARP bailout list?

Airline
cruise
Oil drilling

Leisure - rental car industry. Hotels, casinos, legal prostitution

Any other stupid ideas I’m overlooking?

I'm in the car rental industry (sorta) and it's actually been good for business. But the niche I'm in isn't reliant on tourists. People are renting my cars instead of taking the train. I saw a story that Lyft had the most bookings in a week ever, which makes sense.

If we have a Corona bailout, we should honestly leave the cruise lines out of it. They're headquartered overseas and don't employ Americans. They do everything they can to skirt US laws and fuck over Americans.

[Sanlmar]

Care to assemble a TARP bailout list?

Airline
cruise
Oil drilling

Leisure - rental car industry. Hotels, casinos, legal prostitution

Any other stupid ideas I’m overlooking?

I'm in the car rental industry (sorta) and it's actually been good for business. But the niche I'm in isn't reliant on tourists. People are renting my cars instead of taking the train. I saw a story that Lyft had the most bookings in a week ever, which makes sense.

If we have a Corona bailout, we should honestly leave the cruise lines out of it. They're headquartered overseas and don't employ Americans. They do everything they can to skirt US laws and fuck over Americans.

Now that you made me think, I can see that being true. Love it.


Hertz popped 10% @ Trump press conference like he was handing out $100 bills. Suspicious. No clue. So random. Reveals the nibblers are itchy

[OSA]

[Sanlmar]

They should call it the “Eva Braun Suicide Bunker” open to all the HODL’ers til 4am