Whitney Tilson reiterates short of Wayfair while pitching long for Spirit Airlines.

The head of Kase Capital Management had a few ideas for both the longs and the shorts. On the bullish side, Tilson recommends Spirit Airlines, calling it "A long-term growth story priced as if growth is gone forever." On the bearish side, he says Wayfair is his favorite short, citing formaldehyde issues and insider selling.

Other interesting discussions included David Tepper calling the Yuan extremely overvalued and T. Boone Pickens telling investors to brace for $70 oil by June.

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