Aside from playing videogames and snatching up the latest tech gadgets, one of my favorite things to do is enjoy a good beer. And not one of those so-called American lagers like Budweiser or Miller. Give me a good German dunkle or a thick Irish ale any day. In fact, on the weekends, you're very likely to find me sitting in front of my 55-inch HD television, playing Grand Theft Auto IV while drinking a pint of Guinness. Now, that is a great weekend.

As my fellow beer Schaeffer's beer drinker Mark Fightmaster noted earlier, Diageo (DEO: sentiment, chart, options) announced today that it is closing breweries at Kilkenny and Dundalk, and will sell land on parts of the St. James's Gate site, as well as in Kilkenny and Dundalk. Is one of my weekend staples in danger of going away?

Not likely, thank the brewing gods. According to the company, DEO is investing $1.01 billion between 2009 and 2013 to renovate the St. James's Gate brewery.

Technically, DEO shares have struggled lately, dropping below their 10-month and 20-month moving averages. The shares are holding support in the 80 region, but sentiment is lacking in the kind of sideline money needed for a sustained rebound. DEO's Schaeffer's put/call open interest ratio (SOIR) of 0.63 ranks below 77% of all those taken during the past year, and short interest represents a mere 0.11% of the stock's total float.

Guess I'm left to show my support in the only other way available: drink more Guinness.