Random Thoughts and Generating ideas (Shorting $CCL.B)

Sometimes you need to bounce ideas off someone else and you never know that crazy idea might bring you to another one as you refine it though discussion.

As one of my goals is to try shorting a stock; I've been looking for a good target. I've been thinking of shorting CCL.B and not for any real reason other than it has gone up enormously and analysts have pumped it over the last year. We'll see if I follow through on this though, at over $200 / share it's iffy.

On Monday, January 11 last week I started to look at whether I could short XIU.TO the iShares TSX 60 Index ETF. Although I put in the order I chickened out and cancelled it. Turns out since that time, it would have been a good idea.

From:
Sent: January-15-16 4:23 PM
To:
Subject: Conversation with

G,Y [3:48 PM]:

ahahaha do we have 100 basis to cut?

Me [3:48 PM]:

take us negative!!!

G,Y [3:48 PM]:

though to be fair who would invest in bonds in any case

leverage yourself and start making risky bets lol

Me [3:49 PM]:

ok!

You said it!

G,Y [3:50 PM]:

lol your increase in risk tolerance should be 5 times the rate cut

in terms of percentage swings

Me [3:56 PM]:

it doesn't matter

just DO IT

JJ [4:01 PM]:

potential stock to short... CCL.B

it's shot up a lot over the last year

after they acquired avery labelling

and media has been pumping it

G,Y [4:03 PM]:

ccl eh

lol logic here being that bad economy = lower labelling and packaging ie amazon shipping less and so on = lower sales for packages?

or just that they are over pimped?

JJ [4:05 PM]:

over pimped

G,Y [4:06 PM]:

fair enough

im just happy this recession is actually keeping home prices even now and not drastically falling

though i dont know if Toronto real estate will ever crumple anymore

but just kinda meander upwards slowly

forever

Me [4:08 PM]:

possibly

what is it called

stagflation?

G,Y [4:09 PM]:

in a much broader sense exactly lol

where economy is stagnant but inflation keeps on trucking

Me [4:10 PM]:

yeaaaaa