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That article fails to even mention the $billions in debt that RCL took on and the cashflow that will pay interest rather than dividends or that much of the debt is convertible in the low $70s.  How can this thing double in a year with all of those obstacles out there?  

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Long term there is lots of upside potential if they can weather through many more months with no revenue.  

 

Ships won't sail for months yet, probably not this year.  There is some potential to ride the roller coaster.   Buy low, sell high, rinse, lather, repeat as it goes up and down for the foreseeable future.  The trick as always is knowing when to get off the ride and walk away.  

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Posted (edited)
6 minutes ago, hubofhockey said:

That article fails to even mention the $billions in debt that RCL took on and the cashflow that will pay interest rather than dividends or that much of the debt is convertible in the low $70s.  How can this thing double in a year with all of those obstacles out there?  

I'm sure cruising will get back to normal. A year is being optimistic to say the least, more like 5 years.

I won't sell, but if it drops again I might buy some more.

It will take as long as it takes to get back to over $100

 

 

 

Edited by bigeck

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Posted (edited)

Looks like the second wave of RCL stock is happening.  Or maybe second trough is a better term.  Sell! Sell! Sell!  Wait for $20 then Buy! Buy! Buy!

 

Hmmm.  It's almost like RCL stock charts track COVID charts but upside down.  

 

Everyone enjoying the roller coaster ride?

Edited by twangster

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5 minutes ago, twangster said:

Looks like the second wave of RCL stock is happening.  Or maybe second trough is a better term.  Sell! Sell! Sell!  Wait for $20 then Buy! Buy! Buy!

 

Hmmm.  It's almost like RCL stock charts track COVID charts but upside down.  

 

Everyone enjoying the roller coaster ride?

You may be correct.  RCL shares currently at $48.11.

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1 hour ago, Dennis#1 said:

 

You may be correct.  RCL shares currently at $48.11.

 

I'm still up $6 😉

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7 minutes ago, John&LaLa said:

 

I'm still up $6 😉

I'm waiting to buy back in

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3 minutes ago, molly361 said:

I'm waiting to buy back in

 

I intended to sell in the $70's, but i got caught up doing the OBC forms, and put it off to long

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2 hours ago, John&LaLa said:

 

I intended to sell in the $70's, but i got caught up doing the OBC forms, and put it off to long

@John&LaLa that makes two of us.... 😞 

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3 hours ago, John&LaLa said:

 

I'm still up $6 😉

sell now anyway and then re-buy

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5 hours ago, John&LaLa said:

 

I'm still up $6 😉

That's nice but...

 

You have to remember that some are down over $80 in a little over a year.  Not sure it's a time for boasting!

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On 6/5/2020 at 7:20 PM, rimmit said:

Just be patient.   With no revenue coming in, RCL will fall just as fast as it rose until the cruises start back up.  Will it hit 20 again.  Not likely, but losing 40-50 percent wouldn’t be unreasonable once they stop riding the initial Wall Street wave.  What goes up....

 

On 6/5/2020 at 8:13 PM, AlohaLivin said:

Yes, but we already had that ride. It is unlikely to see the low that it did before. Extremely unlikely to even be close. 

 

On 6/5/2020 at 10:39 PM, rimmit said:

I’d say many would conversely argue it’s extremely unlikely to be this high for a company with no revenue for the last 3 months and none for the foreseeable future.

 

On 6/6/2020 at 7:42 AM, AlohaLivin said:

I don’t know about “many’,  but some wood for sure.  It is fine to disagree with me on that. But that was my opinion and it is as valid as any other 🙃


I would say many would agree at this point that it was overvalued. Down to around $45 premarket or 40 percent from its recent high of 75.

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7 minutes ago, rimmit said:

I own all three major cruise stocks but I couldn't figure why RCL was dropping so fast. I saw on another thread that Pullmantur was filing for bankruptcy and RCL owns 49% of the company. Is this the reason? I bought at $57.35 and this morning it's $45.30 premarket.

 

 


I would say many would agree at this point that it was overvalued. Down to around $45 premarket or 40 percent from its recent high of 75.

 

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9 hours ago, yogimax said:

That's nice but...

 

You have to remember that some are down over $80 in a little over a year.  Not sure it's a time for boasting!

 

Paper loss😉

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10 minutes ago, Daytonasailor said:

 


I would say while that is part of it,  it’s the fact that the run up was based on the fact that many were hoping for the “V” rebound for the economy.  
 

Also compound that with the fact that many going into cruise stocks do not actually pay attention to the cruise lines like we do on CC and don’t realize just how dire it is in regards to a start date.  If you talk to the average person, they assume that cruise lines will start on the date they announce EVERYTIME.  
 

Us on CC and paying attention to the cruise industry know this isn’t like Disney or Vegas and there are many more factors into restarting the cruises. The average investor thinks “Disney and Vegas is open.  Cruises are coming in month or two most likely.  Time to invest now.”  They don’t realize that it’s not as simple as reopening the doors with new protocols like land resorts.  Cruises deal with countries, ports, being in the middle of the ocean without access to hospitals in minutes, repatriation of crew, and possibly passengers, and the cherry on top, the CDC.  
 

The average person isn’t paying attention and just thinks they can restart at the push of a button.

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Some of the recent RCL losses are related to the overall market losses.  Spiking numbers in coastal states were cruise ships operate from isn't helping the stocks of cruise companies.  

 

The question for folks wishing to play the game, when will bankruptcy be seriously considered?  Wait for the company to be completely plunged into the red or do it before that point so there are some funds available to work through the process? 

 

That may come down to declaring bankruptcy in Q4 of 2020 versus Q1 of 2021.  Until that time dabbling in cruise stock trying to buy low and sell high may help pay for some of that cruising we all want to do.

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Posted (edited)
  • February 18, 2014
  •  
  • 1,507 posts
  • Kentucky
   On 6/5/2020 at 7:20 PM,  rimmit said: 

Just be patient.   With no revenue coming in, RCL will fall just as fast as it rose until the cruises start back up.  Will it hit 20 again.  Not likely, but losing 40-50 percent wouldn’t be unreasonable once they stop riding the initial Wall Street wave.  What goes up....

 

   On 6/5/2020 at 8:13 PM,  AlohaLivin said: 

Yes, but we already had that ride. It is unlikely to see the low that it did before. Extremely unlikely to even be close. 

 

   On 6/5/2020 at 10:39 PM,  rimmit said: 

I’d say many would conversely argue it’s extremely unlikely to be this high for a company with no revenue for the last 3 months and none for the foreseeable future.

 

   On 6/6/2020 at 7:42 AM,  AlohaLivin said:

I don’t know about “many’,  but some wood for sure.  It is fine to disagree with me on that. But that was my opinion and it is as valid as any other 🙃

3 hours ago, rimmit said:


I would say many would agree at this point that it was overvalued. Down to around $45 premarket or 40 percent from its recent high of 75.

 

After all this time and multiple “many’s” I am frankly no longer following which “many” you are arguing (or why).

Edited by AlohaLivin

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Posted (edited)
16 minutes ago, AlohaLivin said:

After all this time and multiple “many’s” I am frankly no longer following which “many” you are arguing (or why).


I am arguing because you responded to a post which I posted which was a general post and not in response to anyone in particular.

 

You had previously responded to a post in which I stated that I told people to be patient and that it would likely drop 40-50 percent for everyone feeling some FOMO about not buying RCI stock.

 

You stated that was unlikely, and that the current ride up would be sustained and “many” would agree.  
 

I stated “many” would argue that it is just as unlikely for the RCI to maintain at its current level given lack of revenue.

 

I was simply stating that “many” (the market) clearly agrees it was overvalued at $75 dollars.

 

Hope that sums it up.  

Edited by rimmit

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It's back over $47, but that is way too risky for this stock.  Originally,  I thought I'd buy in the $30s, but now I'll wait for below $30 to buy.  

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18 minutes ago, rimmit said:

I was simply stating that “many” (the market) clearly agrees it was overvalued at $75 dollars.

 

Hope that sums it up.  

It's overvalued at $47.    

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What’s up with all this quoting oneself?  Is it like I told you so or just a pat on the back?

 

Inquiring minds want to know? 😇

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Posted (edited)
4 hours ago, rimmit said:


I am arguing because you responded to a post which I posted which was a general post and not in response to anyone in particular.

 

You had previously responded to a post in which I stated that I told people to be patient and that it would likely drop 40-50 percent for everyone feeling some FOMO about not buying RCI stock.

 

You stated that was unlikely, and that the current ride up would be sustained and “many” would agree.  
 

I stated “many” would argue that it is just as unlikely for the RCI to maintain at its current level given lack of revenue.

 

I was simply stating that “many” (the market) clearly agrees it was overvalued at $75 dollars.

 

Hope that sums it up.  


My prior post, in short, suggested that you have a great desk of time on your hands for an extremely old thread. You proved the point. May I send you a crossword puzzle book or something?

 

 

 

Edited by AlohaLivin

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Posted (edited)
33 minutes ago, AlohaLivin said:


My prior post, in short, suggested that you have a great desk of time on your hands for an extremely old thread. You proved the point. May I send you a crossword puzzle book or something?

 

 

 


thanks for clearing that up.  Was very vague from your post.


I recently got into scrabble to burn time, so an official scrabble dictionary would be great.  

Edited by rimmit

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