Goin’ to the Pictures

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I’ve got 50 short positions, and every single one of them is profitable. I am increasing their size where appropriate. What surprised me is that my biggest cash winner hasn’t been some zany high-tech or unicorn, but a boring old movie theater company. There is profit in popcorn.

IMAX

So please have I been at the performance of IMAX that I’ve made my next victim Cinemark, which I shorted yesterday. These are both terrific long-term bearish patterns.

CNK