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5 minutes ago, A&L_Ont said:

Any guesses to where it will end tomorrow; higher or lower.

Definitely lower.  20% hit stock at $52

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Stock futures are down over 1000 to open in the morning. Oil dropped 31% over night. Lowest it’s been in 20 years. WTH all the wonderful news over the weekend I wouldn’t be surprised to see the travel stocks drop another 15-20% tomorrow. Really don’t know what kind of good news can stop the bleeding right now. 
Word of a potential vaccine would definitely do the job. We can only hope

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Posted (edited)
43 minutes ago, ticketsunlimited said:

Word of a potential vaccine would definitely do the job. We can only hope


It could help, but it will take time for research, testing and mass production.  And then that is followed by the cost of the vaccine.  One can only hope it is quicker than I suspect. 
 

Eight or nine days ago I don’t think there were any deceased Americans, right now it is 21.  US is 9th in reported numbers at 547 and only 8 have recovered to date. 
 

Looking at the numbers there is a more negative to come for NA, let alone the rest of the world.  I don’t even want to guess, but my gut feeling is months before things stabilize in NA.  Maybe longer if things are not taken more seriously.  I’d love to be wrong. 


US numbers. 

 

CCD8A565-0733-46E3-B1B7-6E245AF0645B.thumb.png.eafc8733468452468a401616be405d6e.png


 

 

World numbers. 
 

4847F33B-C462-46A6-98E4-E003A363F853.thumb.png.0e4f56304f4eb853fc59c00c70d70b15.png

Edited by A&L_Ont

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65.01 USD −0.77 (1.17%)

Closed: 9 Mar, 04:12 GMT-4 · Disclaimer
Pre-market 58.25 −6.76 (10.40%)
 
 
Pre-market price shows -10%.
 
How low will it go?

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If we only knew...

 

If it goes to $50 I'd buy but now, I think it might go even lower.

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Posted (edited)
43 minutes ago, xcell said:

If we only knew...

 

If it goes to $50 I'd buy but now, I think it might go even lower.


No way to know....  but if I was a betting man it would go lower.  I have stated this in multiple stock threads so I apologize if this seems repetitive,  but in the Great Recession it hit $5 despite there being no real basis for it to justify that price.  But when people panic all bets are off.

 

For those looking for a real bargain checkout out Norwegian Air.  Not on the NYSE as been delisted but down to 1.41.  Main concerns here is bankruptcy as there were concerns before corona, and with corona not sure they could survive,  but down from 4.50 a month ago.  If you have a couple grand to lose could win big. Year high was around 26 or so. I personally don’t have the balls to buy that one.
 

The cruise lines are a much safer bet.  Albeit there is no true safe bet in the market.

Edited by rimmit

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8 hours ago, Ourusualbeach said:

Definitely lower.  20% hit stock at $52

Pre market opening price is $58.22

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Posted (edited)

COVID tests have come back negative for the Regal Princess off of Florida so that might help to keep cruise stocks near the same level today.  I think the stop won’t be as steep.

Edited by A&L_Ont

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29 minutes ago, A&L_Ont said:

COVID tests have come back negative for the Regal Princess off of Florida so that might help to keep cruise stocks near the same level today.  I think the stop won’t be as steep.


That may help some.   Sadly the CDC recs telling people to NOT cruise is not gonna help the situation much.

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On 3/5/2020 at 11:37 PM, yogimax said:

No panic?

 

On February 19th, about two weeks ago, the DJIA was at 29.348.  Today, it sits at 26,121.  That's over 3000 points in two weeks!  Most individual investors have probably done much worse than the averages.  I'd call that a panic!


As I said. There was no panic on Wall Street last week. Repeatedly triggered circuit breakers, halted stocks, layman neighbours all of sudden starting talking about their lost retirement savings - that's signs of a panic on the market. First there's panic. It's starting. Then there's capitulation. I don't see capitulation yet. It will be marked by numerous people abandoning their fully-paid cruises and swearing off sailing ever again, selling all their funds and switching to GICs below the rate of inflation.

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Posted (edited)
12 minutes ago, PatMunits said:


As I said. There was no panic on Wall Street last week. Repeatedly triggered circuit breakers, halted stocks, layman neighbours all of sudden starting talking about their lost retirement savings - that's signs of a panic on the market. First there's panic. It's starting. Then there's capitulation. I don't see capitulation yet. It will be marked by numerous people abandoning their fully-paid cruises and swearing off sailing ever again, selling all their funds and switching to GICs below the rate of inflation.


Agree.  Last week Wall Street was just confused given the wild swings.   This is hitting panic mode now.  Last week the average person was kinda paying attention but not really from my observation when I would bring up the market in conversation.  Over the weekend people started becoming concerned about retirement.  

Edited by rimmit

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11 hours ago, ticketsunlimited said:

Word of a potential vaccine would definitely do the job. We can only hope

Experts are pretty clear... the earliest a vaccine could be ready is 1 -  1 1/2 years from now.

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Posted (edited)

Woah.   Down 20 percent.... I can’t remember the last time I saw a stock drop 20 percent in a day

Edited by rimmit

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30 minutes ago, rimmit said:

Woah.   Down 20 percent.... I can’t remember the last time I saw a stock drop 20 percent in a day

 

 

And the day is far from over. 😱

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4 hours ago, xcell said:

If it goes to $50 I'd buy but now, I think it might go even lower.

Get out your checkbook!

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2 minutes ago, marci22 said:

Get out your checkbook!

 

 

LOL -- I just saw.  Now I think it's going to hit lower than $40 -- this fear is going to stick around, especially if more cruiselines get hit -- at present, it seems to be mainly Princess -- haven't heard of any case on NCL or RCCL.

 

 

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Posted (edited)
7 minutes ago, xcell said:

this fear is going to stick around, especially if more cruiselines get hit -- at present, it seems to be mainly Princess -- haven't heard of any case on NCL or RCCL.

 

Down 22% so far today.  If, or more likely when, it hits RC it will get worse.

 

2052642121_ScreenShot2020-03-09at11_01_02AM.thumb.png.ee304a69e44c71312929264e89eb47ef.png

Edited by A&L_Ont

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Posted (edited)

I think the realization that this is a true reality is now being acknowledged in NA.

Edited by A&L_Ont

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10 minutes ago, xcell said:

 

 

LOL -- I just saw.  Now I think it's going to hit lower than $40 -- this fear is going to stick around, especially if more cruiselines get hit -- at present, it seems to be mainly Princess -- haven't heard of any case on NCL or RCCL.

 

 

I don't think the stock is a direct correlation to a certain ship having someone infected.  These huge drops in stock are based on secondary factors to the virus.  The CDC telling people to not cruise is a bombshell.  That impacts ALL domestic voyages from the US, not just a certain cruise line.  This is frightening for the cruise lines, their employees, the travel industry, the countries where ships call on and those who love to cruise.

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1 minute ago, cmukid87 said:

I don't think the stock is a direct correlation to a certain ship having someone infected.  These huge drops in stock are based on secondary factors to the virus.  The CDC telling people to not cruise is a bombshell.  That impacts ALL domestic voyages from the US, not just a certain cruise line.  This is frightening for the cruise lines, their employees, the travel industry, the countries where ships call on and those who love to cruise.

 

I was in contact yesterday with our tour guide from the Amalfi Coast on our greek isles trip last year and he said he's lost 95% of his bookings for this summer.  Devastating.

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15 minutes ago, josh.vincent.180 said:

$40ish is next support level

Not ready to buy at 40.  

 

FCC's allow Royal to still hold on to money, for now.  The next problem is going to be cash flow and future bookings.  If Med season is a washout they are going to have to return a ton of cash. 

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