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RCL Share Price


Moby Jones
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On 5/29/2020 at 9:15 AM, JimInBuffalo said:

I bought 200 shares each of RCL and CCL when they were both near the bottom. My plan is to hold on to them until I feel they have reached their apex and then sell 100 of each, holding 100 each for the OBC benefit. I really didn’t expect any increase when I originally purchased the stock until about 6 months out. I thought it would take that long for things to get sorted out.

 

As of Tuesday, the two stocks were up an aggregate 92.83%. 

 

I know we still have a long way to go. I just rescheduled one cruise and booked a new one for 2021. We have a Transatlantic in November that we will have to wait and see if it goes as planned. I expect to book a couple of cruises during the summer/fall once the schedules get firmed up. Yes, I am optimistic.

Good move

We probably should have bought like you did with RCL

 

We did a lot of rearranging and when many were running around like their hair was on fire-- we made changes and bought some serious investments-- major FANG and others

 

We did put a tiny bit into RCL when it was at the bottom... not all the lines...

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We bought RCL more than 20 years ago purely for the onboard credits.   We have been paid back for the stock we purchased several times.   We will hold it as it certainly is not one we are counting on for income.   Let our heir deal with it when we are gone. 

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On 5/27/2020 at 7:12 PM, Baron Barracuda said:

Second shutdown would be disastrous for cruise lines.   With fewer unencumbered assets bond market will be less accommodating, offering less money and demanding higher rates.  Alternative would be to issue stock at fire sale price, lower than recent CCL ($14) and NCLH ($8) sales.

 

It would be disastrous for many industries and individuals. But that hasn't happened yet. Those who keep a very close eye on things would be able to pull out quickly enough I think after all a second shutdown won't just happen overnight people would see what is leading up to it. Amateur investors could be burned if they're not on the ball. Time will tell.... 

 

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On 6/1/2020 at 5:33 PM, Covepointcruiser said:

We bought RCL more than 20 years ago purely for the onboard credits.   We have been paid back for the stock we purchased several times.   We will hold it as it certainly is not one we are counting on for income.   Let our heir deal with it when we are gone. 

Your heir will receive a stepped up basis making dealing with gains easier. 

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16 minutes ago, XuGator said:

Over 72 per share now and up over 25% on the day. So much for all the doomsday "bankrupt" predictions.

You are aware that these 2 have no correlation to one another, I assume?

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13 minutes ago, ECCruise said:

You are aware that these 2 have no correlation to one another, I assume?

No correlation? They absolutely have parallels. Money would not be pouring in from investors at over a 25% gain on the day if many people were fearful of bankruptcy. Clearly the downside was exaggerated and those who didnt buy into the negative hype are the ones prospering now. You were one of those people who sold off , I assume?

Edited by XuGator
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Just now, XuGator said:

No correlation? They absolutely have parallels. Money would not be pouring in from investors at over a 25% gain on the day if many people were fearful of bankruptcy. Clearly the downside was exaggerated and those who didnt buy into the negative hype are the ones prospering now.

I guess, then I won't even go into the hundreds of corporations that investors poured money into that  were gone six months or a year later.

Not saying that is the issue here by any means, but I have been in and out of the cruise line stocks well over a dozen times in the last 15 years and have never seen a situation so totally out of touch with the fundamentals. They are not even operating, for goodness sakes, have no operation plans in place and have increased their debt load by a factor of insanity.

But you ride the pony as long as you can.  That is what I've done numerous times.  But your "prospering" doesn't come from a stock chart.  It only comes when you sell.

 

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I believe ECC is simply stating the fact that "investors pouring in" does not guarantee anything.  They poured into Webvan, Pets.com, ToysRUs.  The list is endless.  I think the market move is based more on the added liquidity than the jobs report.  Still, now with so much debt the balance sheet will look much different than it did at the end of 2019 Q4.  I'm looking for a pull back before jumping back in.  I still have a lot at $53, but sold most at a stop in the high 30s.   Still a nice profit from my basis.   If we break below 55 I'll look for support and come back.  Otherwise, the $100 OBC isn't worth the risk.  JMHO. 

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10 minutes ago, marieps said:

I believe ECC is simply stating the fact that "investors pouring in" does not guarantee anything.  They poured into Webvan, Pets.com, ToysRUs.  The list is endless.  I think the market move is based more on the added liquidity than the jobs report.  Still, now with so much debt the balance sheet will look much different than it did at the end of 2019 Q4.  I'm looking for a pull back before jumping back in.  I still have a lot at $53, but sold most at a stop in the high 30s.   Still a nice profit from my basis.   If we break below 55 I'll look for support and come back.  Otherwise, the $100 OBC isn't worth the risk.  JMHO. 

There are several guarantees. It guarantees that people who bought in the 20s have now tripled the value of their holdings for RCL in their portfolio. It guarantees that they can sell now and take triple their earnings to the bank. They of course, can roll the dice and see where it goes from this point but there are several guarantees. This is terrific news for RCL as a company and for the perceived future outlook of cruising. Could everyone be wrong, absolutely and that is where personal decision comes into play. Maybe now is a great time to sell, maybe it isnt, but either way, fears of bankruptcy seem to fleeting by the day.

Edited by XuGator
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5 minutes ago, XuGator said:

No correlation? They absolutely have parallels. Money would not be pouring in from investors at over a 25% gain on the day if many people were fearful of bankruptcy. Clearly the downside was exaggerated and those who didnt buy into the negative hype are the ones prospering now. You were one of those people who sold off , I assume?

Expect most of the recent move is short covering, not fundamentals  How have RCL's business prospects improved since lock-down began?  Borrowing $ billions doesn't count.  They heavily leveraged the balance sheet and the upcoming convertible bond issue will dilute the stock.  The bounce in theme park, casino, airline and hotel stocks is much more logical as all are re-opening.  Cruise lines will not be resume sailing any time soon.  Their focus is still on returning stranded crew back home   RCL will experience huge losses in 2020, smaller losses in 2021. and if a vaccine emerges hopefully make a little money in 2022.  Four Wall St. analysts recently cut their RCL price targets to $55 or lower.  Just this week Morgan Stanley initiated them at $35, and a Sell.  IMO the stock was worth a flyer at $35 - $45 but at current level see much greater potential risk than reward. 

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4 minutes ago, biguntx said:

I have sold this stock several times over the last month..still taking cash out

The majority of people buying RCCL stock are not cruisers.  They were investors and lately have been more speculators.  You can come up with positive scenarios led by vaccines moving to Phase 3 trials and negative scenarios led by continuing COVID problems and vaccines failing in their trails 

It simply. boils down to whether cruising resumes - not just a couple ships at lowered capacity - in late 2020 . . . early 2021 or with no vaccine a date to be determined as many are not likely to sail wearing masks or without a vaccine.  Sure looks that the majority of Celebrity customers are in the higher risk category should they become COVID infected and would be slower to return to modified cruising.

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41 minutes ago, XuGator said:

There are several guarantees. It guarantees that people who bought in the 20s have now tripled the value of their holdings for RCL in their portfolio. It guarantees that they can sell now and take triple their earnings to the bank. They of course, can roll the dice and see where it goes from this point but there are several guarantees. This is terrific news for RCL as a company and for the perceived future outlook of cruising. Could everyone be wrong, absolutely and that is where personal decision comes into play. Maybe now is a great time to sell, maybe it isnt, but either way, fears of bankruptcy seem to fleeting by the day.

C'mon man.  I think it was clear to all I meant the 25% jump in one day does not guarantee there will be no bankruptcy.     Fain dumped 20,000 shares before he got his options in early February.  One director bought at around $48 last week.  Good for him.  When Jason Liberty starts buying...that's a tell that there's smooth sailing ahead.  He kept his option shares, but has not bought the bottom.  Don't get me wrong.  I want RCL to thrive.  I have three cruises booked, the first in November.  I'm not a doomsayer...just more risk adverse than I was. 

Edited by marieps
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26 minutes ago, Baron Barracuda said:

Expect most of the recent move is short covering, not fundamentals  How have RCL's business prospects improved since lock-down began?  Borrowing $ billions doesn't count.  They heavily leveraged the balance sheet and the upcoming convertible bond issue will dilute the stock.  The bounce in theme park, casino, airline and hotel stocks is much more logical as all are re-opening.  Cruise lines will not be resume sailing any time soon.  Their focus is still on returning stranded crew back home   RCL will experience huge losses in 2020, smaller losses in 2021. and if a vaccine emerges hopefully make a little money in 2022.  Four Wall St. analysts recently cut their RCL price targets to $55 or lower.  Just this week Morgan Stanley initiated them at $35, and a Sell.  IMO the stock was worth a flyer at $35 - $45 but at current level see much greater potential risk than reward. 

Its amazing that people are still trying to justify completely missing the mark on this stock by sharing even more data points and "target prices" which are the very reason they lost money in the first place. You can manage your portfolios as you please but many times stocks defy logic and defy "the fundamentals". Nobody can predict the market and people who claim they know the exact driving catalyst and forces behind movement never seem to fare well in the market. To each his own, I will continue to sit back and watch RCL and other travel industry stocks soar and continue to be thankful for the fearful who drive the prices down.

Edited by XuGator
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3 minutes ago, XuGator said:

Its amazing that people are still trying to justify completely missing the mark on this stock by sharing even more data points and "target prices" which are the very reason they lost money in the first place. You can manage your portfolios as you please but many times stocks defy logic and defy "the fundamentals". Nobody can predict the market and people who claim they know the exact driving catalyst and forces behind movement never seem to fare well in the market. To each his own, I will continue to sit back and watch RCL and other travel industry stocks and continue to be thankful for the fearful who drive the prices down.

As stated in an earlier post, I made money on RCL and plan to make more, just at the right price for re-entry.  We were really talking about risk.  Lots of companies defy the fundamentals, true enough.  Until they don't.

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