I’m inside you, Sam!

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I’m inside you, Sam!

The restaurant sector has been a wreck recently. One in particular, sweetgreen (SG) has lost about 90% of its value. I actually have eaten there dozens of times – – it’s really good!! – – but I guess it simply isn’t a great business to be in right now.

It isn’t big, but the head and shoulders top is well-formed and well-deserved. The stock has lost almost 50% of its value already, but, hey, only $0 is the true limit.

I would love to be short Vistra (VST). In fact, I shorted it yesterday, but I covered. Why? Because the quote is wrong! On occasion, thinkorswim’s platform will throw off a completely random quote for a given symbol. VST happens to be one of them, and I cannot feel comfortable having my spreadsheet jumping all over the place based on one position getting insane quotes. Shame, eh? Maybe you can do better.

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:
