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Daniel A

Carnival Stock Price Dropping

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3 minutes ago, Griller said:

I think its true that out of the individual l holders of CCL stock that a huge number of them have bought just 100 to get the OBC

But institutional investors own most of the stock.

And unfortunately their computers seem to panic easily and put a sell order in

I know my bank SunTrust own a big chunk on behalf of investors.

 

And the Arison family still own quite a bit one way and another,  if we are hurting with the stock halving in value then Michael Arison must be experiencing the death of a thousand knives right now.

I

Thats great but I don't care who else owns it.

Just give me the OBC.

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1 hour ago, Colo Cruiser said:

As I said before most buy for the OBC not the investment and as stated above there is no loss until you sell.

 

But that's not true.  If I buy 100 shares at $33 per share and it goes down to $28 three days later, that $500 difference would now buy me another 17 or 18 shares - or i would have saved $500 by waiting three days.

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Posted (edited)
5 minutes ago, Rigby the Dog said:

But that's not true.  If I buy 100 shares at $33 per share and it goes down to $28 three days later, that $500 difference would now buy me another 17 or 18 shares - or i would have saved $500 by waiting three days.

Yes its true, but trying to time the market is futile

 

Just bite the bullet when it seems reasonable to buy 100 and keep on getting the tax free OBC cruise after cruise until your OBC exceeds your initial purchase cost and then you're really in profit even though you haven't sold

 

At current rates if you get 12 x 14day OBC your stock will be paid for.

 

Edited by Griller

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Posted (edited)
16 minutes ago, Griller said:

Yes its true, but trying to time the market is futile

 

 

Yes and no.  Timing the exact bottom is impossible.  But waiting until the virus stabilizes, cruises stop getting disrupted, etc. And then buying you would be buying a few dollars above the bottom but with much less risk of seeing your investment drop significantly.  I plan to buy on the way up.  I won’t be buying at the absolute bottom as I won’t even consider buying until it is 10% above its low.  

 

Also I am in no rush for OBC.  I am not cruising until the risk of being denied disembarkation due to quarantine subsidies.  

Edited by ed01106

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23 minutes ago, Rigby the Dog said:

But that's not true.  If I buy 100 shares at $33 per share and it goes down to $28 three days later, that $500 difference would now buy me another 17 or 18 shares - or i would have saved $500 by waiting three days.

Do nothing, nothing happens.

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My crystal ball is hazy there days as to when any stock has bottomed out. 

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8 minutes ago, satxdiver said:

My crystal ball is hazy there days as to when any stock has bottomed out. 

Don’t blink.

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Here's the way to get the OBC if you do not want to take any risk owning the stock. 

 

1) Buy the stock

2) Seconds later, sell the stock

3) A day later, print the buy trade confirmation and fax it in with a list of the cruises you are requesting OBC for

 

 

 

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2 hours ago, Colo Cruiser said:

As I said before most buy for the OBC not the investment and as stated above there is no loss until you sell.

 

 

2 hours ago, ed01106 said:

You have said that multiple time.  It is a blatantly false statement. Most of the stock is owned by institutions (banks, mutual funds, pension funds, etc)  who purchase it looking for ROI from dividends and stock appreciation.Repeating a false statement multiple times doesn’t make it any less false.

I think that there are many more individual investors who buy for the OBC than there are individual institutions that own CCL.  You are saying that the large majority of shares are owned by institutions.  I believe Colo Cruiser is absolutely correct when he states there are more investors that want the OBC.  Because you misunderstood what Colo Cruiser was saying doesn't make him wrong and you right.

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39 minutes ago, CarelessAndConfused said:

Here's the way to get the OBC if you do not want to take any risk owning the stock. 

 

1) Buy the stock

2) Seconds later, sell the stock

3) A day later, print the buy trade confirmation and fax it in with a list of the cruises you are requesting OBC for

 

 

 

I wonder to what extent CCL and the other lines verify the applications for OBC to make sure ownership is still current.  Wouldn’t be that hard the corporation has a record of all owners.

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42 minutes ago, CarelessAndConfused said:

Here's the way to get the OBC if you do not want to take any risk owning the stock. 

 

1) Buy the stock

2) Seconds later, sell the stock

3) A day later, print the buy trade confirmation and fax it in with a list of the cruises you are requesting OBC for

Nice...:classic_angry: 

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Just now, ed01106 said:

I wonder to what extent CCL and the other lines verify the applications for OBC to make sure ownership is still current.  Wouldn’t be that hard the corporation has a record of all owners.

 

No because the vast majority of "retail" (individuals like us) are held electronically in brokerage accounts so they couldn't confirm anyone's name.  Fidelity for example, would be the "book" owner for shares held by thousands of different individuals.

 

And while I'm sure my suggestion goes against the spirit of the program, there is nothing I've seen in any Princess literature or policy that prohibits this.  All it says is "shareholder".  Doesn't say when you are taking your cruise or a long term shareholder or anything.

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1 hour ago, Colo Cruiser said:

Do nothing, nothing happens.

Except that at this moment I've saved another $100 from Monday on 100 shares. 

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1 hour ago, ed01106 said:

Yes and no.  Timing the exact bottom is impossible.  But waiting until the virus stabilizes, cruises stop getting disrupted, etc. And then buying you would be buying a few dollars above the bottom but with much less risk of seeing your investment drop significantly.  I plan to buy on the way up.  I won’t be buying at the absolute bottom as I won’t even consider buying until it is 10% above its low.  

 

Also I am in no rush for OBC.  I am not cruising until the risk of being denied disembarkation due to quarantine subsidies.  

Exactly.

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8 minutes ago, Rigby the Dog said:

Except that at this moment I've saved another $100 from Monday on 100 shares. 

What are you going to do with the $100 you saved?

 

If you used it to book a cruise then the cruise might go down on price?

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16 minutes ago, Daniel A said:

Nice...:classic_angry: 

And a great way to get banned from sailing all Carnival Corp ships and possible be charged with a crime.

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Posted (edited)
30 minutes ago, Daniel A said:

I think that there are many more individual investors who buy for the OBC than there are individual institutions that own CCL.  You are saying that the large majority of shares are owned by institutions.  I believe Colo Cruiser is absolutely correct when he states there are more investors that want the OBC.  Because you misunderstood what Colo Cruiser was saying doesn't make him wrong and you right.

Of course there are more individuals; but how much does that matter?  87% of the stock is held by institutions, meaning they own the vast majority of the company.  While the remaining stock holders aren't inconsequential, I think we all know who has the board's ear.  How exactly that plays out, though, none of us can say at the moment.  

 

 

Edited by AL3XCruise

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9 minutes ago, Colo Cruiser said:

And a great way to get banned from sailing all Carnival Corp ships and possible be charged with a crime.

 

I guess that also applies to everyone who cashes out their OBC at the casino as well.  Save the histrionics, there is no crime here.

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Just now, CarelessAndConfused said:

 

I guess that also applies to everyone who cashes out their OBC at the casino as well.  Save the histrionics, there is no crime here.

Good luck.   👍

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Just now, AL3XCruise said:

Of course there are more individuals; but how much does that matter?  87% of the stock is held by institutions, meaning they own the vast majority of the company.  While the remaining stock holders aren't inconsequential, I think we all know who has the board's ear.  How exactly that plays out, though, none of us can say at the moment.  

 

 

 

It's the same attitude by people here who think if the S/H OBC were taken away, the stock would tank from all of those individuals selling.  They just don't get it.

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30 minutes ago, CarelessAndConfused said:

 

No because the vast majority of "retail" (individuals like us) are held electronically in brokerage accounts so they couldn't confirm anyone's name.  Fidelity for example, would be the "book" owner for shares held by thousands of different individuals.

 

 

Which is why the IHG hotel group only provides a discount for shareholders who have the stock registered in their own name.

 

Princess used to require that proof of CCL ownership be from a statement or purchase confirmation dated no earlier than three months before the cruise. Princess dropped that requirement when they started requiring payment for shore excursions at the time they were reserved instead of being added to the onboard account. Many who have the CCL stock OBC use that towards shore excursion payment and raised a big stink which at that time caused Princess to drop the three month requirement so these stock holders could utilize the OBC for paying for shore excursions pre-cruise.

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1 hour ago, CarelessAndConfused said:

 

I guess that also applies to everyone who cashes out their OBC at the casino as well.  Save the histrionics, there is no crime here.

 

Actually, "intent to defraud" is a crime.

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1 hour ago, Griller said:

What are you going to do with the $100 you saved?

 

If you used it to book a cruise then the cruise might go down on price?

Well, it's $600 now - remember that I saved $500 already by not buying Monday.

 

So, I'll buy an ounce of Marijuana and a nice steak dinner at Peter Luger's.  The next day I'll call Princess and get the lower fare.

 

(This post will disappear within five minutes because, apparently, only certain people are allowed to post)

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