RCL Stock

[Jimbo]

1 minute ago, dodgestang said:

 

It wasn't going up fast enough for me....so I bought it, sold it, bought it back, sold it again...and then bought it again 😉

 

Hoping for another little bounce up so I can cash out again......I'm turning into a day trader....gonna be killer on my account come tax season

You have to wait 30 days though between selling and buying , otherwise you are hit with a fee right?

[dodgestang]

etrade has not hit me with any fees....but.....I am not selling then buying same day......I bought, held for a week or two, then sold.....then bought 3-4 days later.....then sold a few day after that.....then bought again....so saying 'day trader' is a little tongue in cheek

 

Edited May 14, 2020 by dodgestang

[Jimbo]

4 minutes ago, dodgestang said:

etrade has not hit me with any fees....but.....I am not selling then buying same day......I bought, held for a week or two, then sold.....then bought 3-4 days later.....then sold a few day after that.....then bought again....so saying 'day trader' is a little tongue in cheek

 

Happen with me on ameritrade, might have been the type of stock I bought though, It was a drug company.

[PatMunits]

On 5/8/2020 at 9:29 AM, Biker19 said:

It's mostly about a PR piece. One interesting item is that only 45% customers are opting for refunds.

 

Future Cruise Credit (FCC) may quickly turn into one giant PR fiasco for RCL. Processing of FCC for those customers who have been patient and allowed RCL to take their time to handle automatically (after initial online request) have not been timely, not at all. As time goes by it makes customers more nervous about getting their money back even if it's in a form of a credit.

 

Furthermore, over the past few days RCL send out a whole bunch of email notices to customers advising them that their credit requests have been processed and are now available to be applied to future bookings. However, for many these FCC are nowhere close to the previously expected 125% amounts. In fact many report that FCC don't even come close to the amounts that were actually paid and can be verified by credit card charges.

 

For example, I received CAD$647 FCC for this May twelve-nights sailing in Mediterranean. That's for two people, and which was fully paid by me in December. If RCL wants to imply that I paid $647 / 1.25 / 2 = CAD$258.80 = ~USD$185 per person for a twelve-night Venice cruise then I'd like to buy a few dozens of these for all my friends and family.

 

So far RCL short-handed many of their customers, many of their employees some of whom went on a hunger strike (https://www.miamiherald.com/news/business/tourism-cruises/article242595896.html), and plenty of investors by not being exactly transparent about the quality of their future bookings.

 

I wonder how many investors actually realize that many of 2021 bookings are simply a transfer of old 2020 bookings without any new money flowing in? How many investors are aware of the fact that rebooking for 2021 was the only option for those who originally booked with non-refundable deposits?

There are also cases where future cruises were booked with new money simply because there's an outstanding promise by RCL and TA to replace those new money with FCC once those FCC funds become available. For example, my FCC was not available when we decided to move our May sailing to September. In order to reserve a spot I had to make a new booking with a fully-refundable deposit. The understanding with my TA is that once FCC became available (it was promised to happen before end of April) my money would be refunded and replaced with FCC. This hasn't happened yet. So just using my own case I can say that RCL books are not yet fully consolidated, and whatever financial position they report now doesn't actually reflect the true state of of their financial affairs.

Given this situation I think it would be reckless to consider RCL a viable investment. I believe the stock valuation at these levels continues to be way too optimistic.

P.S. I originally wrote this message earlier in the week but never posted it. Since then RCL dropped a bit more. I also got an additional FCC in the amount of $53.  That means that RCL now owes me _only_ $2,800.

[PatMunits]

In the news: Canada Pension Plan (the official government body of Canada that manages our tax dollars for the federal pension) last year bought over a billion dollars worth of RCL stock at $133/share. https://business.financialpost.com/investing/cppib-down-1b-on-ill-timed-royal-caribbean-cruises-investment-filings-suggest

If anything, I certainly now feel much better in my own amateur ability to evaluate the worthiness of RCL stock.

[NJ&Ozzie]

3 hours ago, PatMunits said:

In the news: Canada Pension Plan (the official government body of Canada that manages our tax dollars for the federal pension) last year bought over a billion dollars worth of RCL stock at $133/share. https://business.financialpost.com/investing/cppib-down-1b-on-ill-timed-royal-caribbean-cruises-investment-filings-suggest

If anything, I certainly now feel much better in my own amateur ability to evaluate the worthiness of RCL stock.

Unbelievable.

NJ

[Hoopster95]

4 hours ago, PatMunits said:

In the news: Canada Pension Plan (the official government body of Canada that manages our tax dollars for the federal pension) last year bought over a billion dollars worth of RCL stock at $133/share. https://business.financialpost.com/investing/cppib-down-1b-on-ill-timed-royal-caribbean-cruises-investment-filings-suggest

 

1 hour ago, NJ&Ozzie said:

Unbelievable.

NJ

 

Not a one-time occurrence. NorTel and Bre-X comes to mind.

[Denverdonkeys]

9 hours ago, Jimbo said:

Happen with me on ameritrade, might have been the type of stock I bought though, It was a drug company.

it might have been because you were using unsettled funds to buy stock and then selling before those funds settled. you need to only wait 30 days on losses so you avoid a wash sale. the company you are buying does not matter if you are buying stocks (and not options, which i dont know much about).

[yogimax]

6 hours ago, PatMunits said:

In the news: Canada Pension Plan (the official government body of Canada that manages our tax dollars for the federal pension) last year bought over a billion dollars worth of RCL stock at $133/share.

Many individuals bought RCL at over $100/share.  They have pain and suffering.  That's why I dislike that some use this forum to "boast and brag" about their good fortune (luck) with RCL stock!

Edited May 15, 2020 by yogimax

[chipmaster]

4 minutes ago, yogimax said:

Many individuals bought RCL at over $100/share.  They have pain and suffering.  That's why I dislike that some use this forum to "boast and brag" about their good fortune (luck) with RCL stock!

https://www.wsj.com/articles/cruise-ship-photographers-once-in-a-lifetime-shot-anchors-just-out-of-reach-11589379290

 

A rather well compensated cruise focused photographer got confused between buying a company that provides a good time versus investing in a company with good fundamentals.

 

Kind of like getting enamored and marrying a hooker because you had a good time again and again and confusing that with something more fundamental then  waking up one day and wondering what happened, LOL

 

"Now 63 years old, Mr. Verdure pondered the shrinking value of their retirement portfolio, especially the 1,000 shares of Royal Caribbean stock they bought at $90, failed to sell at $135, and watched tumble below $23"

[yogimax]

5 hours ago, irzero said:

So what.

That's the market.

 

You miss the point.  It's about those who love to boast and brag about the profit they may have made in RCL stock.  Not only does it mock those less fortunate, it flies in the face of the wisdom taught in the Book of Proverbs... "Arrogance will bring your downfall, but if you are humble, you will be respected."

[ALWAYS CRUZIN]

22 hours ago, Jimbo said:

You have to wait 30 days though between selling and buying , otherwise you are hit with a fee right?

TD Ameratrade ther is no fee for trading.

[dodgestang]

Well.....this thread always takes such interesting turns ;).

 

 

[Jimbo]

41 minutes ago, ALWAYS CRUZIN said:

TD Ameratrade ther is no fee for trading.

there is a fee when you buy a stock day 1 and then sell on day 3 for a lost and then bay again on day 5..............I'm told when I called  I have to wait 30 days to buy the same stock again after a lost.

 

I thought that is what day traders do. Guess not. I guess it means more like they buy at 10am a stock and then turn around and sell it at 4pm for a gain.(Same Day)

 

Seems strange to me too. I guess you can buy the same stock every other day if you like but it's after you sell for a lost you can't buy the same stock without a fee inless it's 30 days later. It was like a $75.00 fee/charge.

Edited May 15, 2020 by Jimbo

[yogimax]

10 minutes ago, Jimbo said:

there is a fee when you buy a stock day 1 and then sell on day 3 for a lost and then bay again on day 5..............I'm told when I called  I have to wait 30 days to buy the same stock again after a lost.

Of course, you can buy on day 1, sell on day 3, and buy again on day 5.

 

What you are referring to is a "wash sale."  In the above scenario, if you rebuy within 30 days of the sale you cannot claim on your taxes the loss you suffered on day 3.  After 30 days (day 33) you can claim the loss.  Hope this helps.

[NJ&Ozzie]

2 hours ago, yogimax said:

You miss the point.  It's about those who love to boast and brag about the profit they may have made in RCL stock.  Not only does it mock those less fortunate, it flies in the face of the wisdom taught in the Book of Proverbs... "Arrogance will bring your downfall, but if you are humble, you will be respected."

Maybe there are more important issues to focus on.  Like the freedom to boast?

NJ 

[yogimax]

2 hours ago, irzero said:

In fact those out dated proverbs are useless in competition because boasting can psychologically beat an opponent before you even compete.

This is the danger of living your life based on out dated books claiming wisdom.

Sent from my SM-N975F using Tapatalk
 

Sorry to cause a rise in your blood pressure.  As one of those out dated books also says... "Pride leads to destruction, and arrogance to downfall."

[yogimax]

12 minutes ago, NJ&Ozzie said:

Maybe there are more important issues to focus on.  Like the freedom to boast?

NJ 

Indeed, we all have the "freedom" to boast.  We also have the freedom to refrain from boasting!

 

[Ocean Boy]

17 minutes ago, NJ&Ozzie said:

Maybe there are more important issues to focus on.  Like the freedom to boast?

NJ 

Every one certainly does have the right to come across as obnoxious.

[Jimbo]

30 minutes ago, yogimax said:

Of course, you can buy on day 1, sell on day 3, and buy again on day 5.

 

What you are referring to is a "wash sale."  In the above scenario, if you rebuy within 30 days of the sale you cannot claim on your taxes the loss you suffered on day 3.  After 30 days (day 33) you can claim the loss.  Hope this helps.

Will they send some kind of record of this lost to me for 2020 taxes that I would give to my tax accountant? or must I keep track myself? 

Edited May 15, 2020 by Jimbo

[NJ&Ozzie]

18 minutes ago, Ocean Boy said:

Every one certainly does have the right to come across as obnoxious.

Not sure if you mean me.   What's the saying  - don't sweat the small stuff...  

NJ 

[Ocean Boy]

4 minutes ago, NJ&Ozzie said:

Not sure if you mean me.   What's the saying  - don't sweat the small stuff...  

NJ 

I absolutely did not mean you. It was a general comment that people who boast often come off that way. And we don't always take into account the affect that our words can have on someone else. And I certainly don't exclude myself from that.

[yogimax]

53 minutes ago, Jimbo said:

Will they send some kind of record of this lost to me for 2020 taxes that I would give to my tax accountant? or must I keep track myself? 

It depends on your broker.  I use TD Ameritrade and at the end of the year they send me a summary statement for use in preparing my tax returns.

[jenf22]

2 hours ago, yogimax said:

Of course, you can buy on day 1, sell on day 3, and buy again on day 5.

 

What you are referring to is a "wash sale."  In the above scenario, if you rebuy within 30 days of the sale you cannot claim on your taxes the loss you suffered on day 3.  After 30 days (day 33) you can claim the loss.  Hope this helps.

I had this happen to me today.  I bought CCL yesterday at $11.64 and today my TD Ameritrade account shows I bought at $17.50.  I was SO confused!  After poking around I saw I had a $500 "wash sale adjustment".  I guess it's because I did sell CCL for a loss back in March and have bought and resold a couple of times since then.  Yet another example of me not knowing what I'm doing 🙂 

[ALWAYS CRUZIN]

I made a big mistake last year. I purchased more Carnival stock. It went up nice and I sold it. At the end of the year I get a statement for the IRS. I was confused. It indicated all the sold stock was taxable including the money I paid for it not just the upside. Come to find out. I totally forgot it was funded via my IRA. So I sent in a return along with a letter explaining to the IRS how much of it I already paid taxes on and would not like to pay thiem on it again. I sent them copies of everything so they could see what happened. Sent it in in February. Still no reply. Checking on it, it says. In process. Cancelled that account and opened another NOT an IRA. I have 500 shares and my wife has 500 shares. The last 100 I purchased was just under $8.00