I’ve long held that shorting stocks is the most fun you can have with your clothes on. This pleasure is only accentuated when I am short stocks to which I have a fundamental moral objection.
An excellent case in point is Royal (!) Caribbean (RCL) and Carnival Cruise Lines (CCL), the “section 8 of the seas.” These organizations market brief chunks of time when lumbering, porcine guests waddle their gigantic ‘mericuhn asses onto giant floating hotels and gorge themselves on fat and alcohol while briefly distracting themselves from their tortured lives. The charts are as lovely as the passengers unsettling:
It’s positively grotesque, and I celebrate the continued diminishment of these valuations. Profits on both of these stocks are in the low double digit percentages, and I’m holding on to these short positions and tightening up my stops every step of the way.
