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14 minutes ago, Jimbo said:

Just the opposite this morning, pre-market all the cruiselines stocks are falling.  If you had a 100 shares of RCL stock you already lost $350.00 this morning.

 

Now its $293

 

This is just gambling

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1 hour ago, John&LaLa said:

 

Now its $293

 

This is just gambling


‘Yup! In one of my college history courses the professor spent some time talking about how most religious leaders in the early years of the stock market warned against buying/selling stock as a sin as it was gambling. Petty much (at least the gambling part) 😂

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1 hour ago, John&LaLa said:

 

Now its $293

 

This is just gambling


‘Yup! In one of my college history courses the professor spent some time talking about how most religious leaders in the early years of the stock market warned against buying/selling stock as a sin as it was gambling. Petty much (at least the gambling part) 😂 Although perhaps with a teeny bit more ability to predict than slots. 

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3 minutes ago, Jimbo said:

All stocks across the board are heading into the crapper this morning. Yesterday was short lived.

A fools rally.

I thought RCCL was overpriced.

Then I saw Hertz.

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June 09, 2020
9:55 am ET
Hertz Global Holdings Inc. (HTZ) Resumed Trading
Dow Jones
9:50 am ET
Hertz Global Holdings Inc. (HTZ) Halted due to volatility
Dow Jones
9:50 am ET
Hertz Global Holdings Inc. (HTZ) Halted
Dow Jones
9:48 am ET
Hertz Global Holdings Inc. (HTZ) Resumed Trading
Dow Jones
9:43 am ET
Hertz Global Holdings Inc. (HTZ) Halted
Dow Jones
9:43 am ET
Hertz Global Holdings Inc. (HTZ) Halted due to volatility
Dow Jones
9:42 am ET
Hertz Global Holdings Inc. (HTZ) Resumed Trading
Dow Jones
9:37 am ET
Hertz Global Holdings Inc. (HTZ) Halted due to volatility
Dow Jones
9:37 am ET
Hertz Global Holdings Inc. (HTZ) Halted
Dow Jones
9:36 am ET
*Hertz Shares Resume Trading; Shares Down 30%
Benzinga
9:36 am ET
Hertz Global Holdings Inc. (HTZ) Resumed Trading
Dow Jones
9:34 am ET
*Hertz Shares Halted On Volatility; Shares Down 25%
Benzinga
9:31 am ET
Hertz Global Holdings Inc. (HTZ) Halted
Dow Jones
9:31 am ET
Hertz Global Holdings Inc. (HTZ) Halted due to volatility
Dow Jones
7:13 am ET 
MarketWatch
6:06 am ET
Edited by Jimbo
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I bought right before COVID cancellations in late February at 75 and saw it fall to 19.  When it came up to 72.5, I said phew and dumped it.  That $5 billion in debt combined with unsure restarts should have driven the value down.  If it hits 45, which it could today, I'd consider getting back in.

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For those only mildly interested, here the one month price history:

 

image.png.1239894d8df9b84332cf6ab91462c69f.png

 

The $1B in convertible notes RCI completed this week, the conversion price is at $72/sh - nice timing on RCCL's part.

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6 hours ago, Jimbo said:

Looks like another stellar day in the stock market, mostly everything is tanking pre-market.

 

RCL is tanking at a much higher rate than the market.  I'd still get back in at $45, but I'd wait it out as it falls.

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Royal stock is the fodder for day traders at the moment.  Long term it won't likely work out as an investment but if you can stomach riding the roller coaster at the moment you could profit by playing the pre-bankruptcy ups and downs to your advantage.  

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16 minutes ago, twangster said:

Royal stock is the fodder for day traders at the moment.  Long term it won't likely work out as an investment but if you can stomach riding the roller coaster at the moment you could profit by playing the pre-bankruptcy ups and downs to your advantage.  

 

I can't argue with you and I don't have a strong enough stomach for that stock.  I should stay out.  In the overall scheme of things, $5500 for 100 shares would be such a small piece of my overall assets, but it's still real money.  The convertible debt holders can still convert and dilute the stock.  

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1 hour ago, hubofhockey said:

 

I can't argue with you and I don't have a strong enough stomach for that stock.  I should stay out.  In the overall scheme of things, $5500 for 100 shares would be such a small piece of my overall assets, but it's still real money.  The convertible debt holders can still convert and dilute the stock.  

Issuance of the convert put pressure on the stock.  Last week when stock was trading in low $70's smart guys could buy the convert which is convertible at $72/sh  and hedge the position by selling common stock short against it.  Enabled them to pocket interest received on the bond while having no exposure to the stock.  Nice trade.  No longer works with stock at current level.

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Kinda funny how the naysayers were awfully quiet during RCL long ride up from 34 in mid May.  It's down the last couple of days, and they're back.

 

tldr- it's a choppy market.  The cruise stocks will go up and down along with all travel related stocks.  It will be more volatile than other industries.  There really isn't much to say that hasn't already been said the last time around.

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Bought 100 shares today on a $54.50 per share limit order that transacted at the closing bell.  Short term I may enjoy a dead cat bounce and see some pocket change.  Long term I win if big pharma announces that clinical trials show a viable vaccine is on the way that can be plunged into the eager arms of Celebrity cruisers within 8 to 12 months.

 

My wife and I enjoyed out time on the Silhouette last December and that may have clouded my judgement in buying these few shares of RCL stock.  Maybe it was just the hope that soon we'll all be able to resume cruising and the other good things in life that swayed me to place the order.

 

 

 

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41 minutes ago, Wolf 8 said:

Bought 100 shares today on a $54.50 per share limit order that transacted at the closing bell.  Short term I may enjoy a dead cat bounce and see some pocket change.  Long term I win if big pharma announces that clinical trials show a viable vaccine is on the way that can be plunged into the eager arms of Celebrity cruisers within 8 to 12 months.

 

My wife and I enjoyed out time on the Silhouette last December and that may have clouded my judgement in buying these few shares of RCL stock.  Maybe it was just the hope that soon we'll all be able to resume cruising and the other good things in life that swayed me to place the order.

 

 

 

 

I love the company.  I have been on Royal, Celebrity, and Azamara and all are great brands.  Our next is on Silversea and RCL owns 2/3 of that line.  The product is great, but the industry and coming back from COVID with all of the debt is a huge problem. I don't want to wish you bad luck, but I'm hoping it tanks back into the $30s at a level I'd feel comfortable buying 100 shares back.

Edited by hubofhockey
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