Sinking Ships
down they go!
Yesterday, in the midst of bumping up my bearish exposure from 50% to 100%, I shorted two stocks from a sector for which I have ceaseless contempt: cruise companies. I didn’t even realize the bigger one, RCL, was reporting this morning, but it has done so, and with good results for me. Here’s what, umm, “Royal” Caribbean is doing:
Its competitor, Caribbean Cruise Lines (”The Section 8 of the Seas“) is falling in sympathy:
