Farts Posted March 9, 2020 #326 Share Posted March 9, 2020 17 minutes ago, frugaltravel said: Once you buy, you don't lose money unless you sell. How long do you wait "to avoid losing money"? If you are trying to buy at the bottom, good luck with that. Assuming that CCL doesn't go through restructuring. 1 Link to post Share on other sites
LMaxwell Posted March 9, 2020 #327 Share Posted March 9, 2020 7 minutes ago, Farts said: Assuming that CCL doesn't go through restructuring. 10% shave ON THE OPENING. 1 Link to post Share on other sites
buggins0402 Posted March 9, 2020 #328 Share Posted March 9, 2020 Market hit first circuit breaker. Link to post Share on other sites
NorthwestCruiser Posted March 9, 2020 #329 Share Posted March 9, 2020 Remember, it is just money. We will get through this. Let's face whatever comes together, with bravery, compassion, and a smile in our heart. Virtual hugs to everybody! 2 Link to post Share on other sites
Farts Posted March 9, 2020 #330 Share Posted March 9, 2020 14 minutes ago, buggins0402 said: Market hit first circuit breaker. wow. do the stoppages typically last all day? Link to post Share on other sites
Rigby the Dog Posted March 9, 2020 #331 Share Posted March 9, 2020 40 minutes ago, frugaltravel said: Once you buy, you don't lose money unless you sell. How long do you wait "to avoid losing money"? If you are trying to buy at the bottom, good luck with that. Right! So if I bought 10 days ago at $35 and it's $25 today then I didn't lose $1,000? Ok. Link to post Share on other sites
Colo Cruiser Posted March 9, 2020 #332 Share Posted March 9, 2020 4 minutes ago, Farts said: wow. do the stoppages typically last all day? 7% drop-15 minute stoppage 13% drop-15 minute stoppage 20% drop stop for the remainder of the day. 2 Link to post Share on other sites
Farts Posted March 9, 2020 #333 Share Posted March 9, 2020 (edited) 5 minutes ago, Colo Cruiser said: 7% drop-15 minute stoppage 13% drop-15 minute stoppage 20% drop stop for the remainder of the day. Thanks! It is currently -6%. if it hits -7% again, does it go for another 15 minute stoppage? Or is the next stoppage at 13%? Edited March 9, 2020 by Farts Link to post Share on other sites
Stateroom_Sailor Posted March 9, 2020 #334 Share Posted March 9, 2020 34 minutes ago, Farts said: Assuming that CCL doesn't go through restructuring. I am wondering the same thing. 1 Link to post Share on other sites
kywildcatfanone Posted March 9, 2020 #335 Share Posted March 9, 2020 17 minutes ago, Rigby the Dog said: Right! So if I bought 10 days ago at $35 and it's $25 today then I didn't lose $1,000? Ok. You do it you sell it today, but that was the point. It's only a loss if you sell it today at $25 and you paid $35. Tomorrow, it could be a $40, and you would have made $500 (although not likely). 1 Link to post Share on other sites
cruisingrandy Posted March 9, 2020 #336 Share Posted March 9, 2020 13 minutes ago, Farts said: Thanks! It is currently -6%. if it hits -7% again, does it go for another 15 minute stoppage? Or is the next stoppage at 13%? It wont stop again until it hits 13% 1 Link to post Share on other sites
Colo Cruiser Posted March 9, 2020 #337 Share Posted March 9, 2020 18 minutes ago, Farts said: Thanks! It is currently -6%. if it hits -7% again, does it go for another 15 minute stoppage? Or is the next stoppage at 13%? 13% 1 Link to post Share on other sites
frugaltravel Posted March 9, 2020 #338 Share Posted March 9, 2020 11 minutes ago, kywildcatfanone said: You do it you sell it today, but that was the point. It's only a loss if you sell it today at $25 and you paid $35. Tomorrow, it could be a $40, and you would have made $500 (although not likely). People who don't understand this simple fact are the ones who should be out of the stock market totally 🙂 1 Link to post Share on other sites
4cats4me Posted March 9, 2020 #339 Share Posted March 9, 2020 $22.63 a share now Link to post Share on other sites
Sarcastrix Posted March 9, 2020 #340 Share Posted March 9, 2020 9 minutes ago, 4cats4me said: $22.63 a share now Last week the CCL UK share price had been falling quicker than the US, now they're almost on par. UK price currently down 16% at 16.60 GBP = 21.66 USD Link to post Share on other sites
Talisi Posted March 9, 2020 #341 Share Posted March 9, 2020 Ask Yourself this question. Why did you buy or why are you considering buying Carnival stock? For several years as the stock had very little movement the reason to purchase should have been based on a combination of dividend return and OBC when on a cruise. Now as the stock has drastically dropped those same two factors are still in play. The dividend could possibly remain the same or in most stock situations drop. One thing that will not drop soon will be the OBC. It is actually possible that it might increase as Carnival uses it as an incentive to both buy stock and cruise. Persons who just started cruising more than once a year and in particular those that go on 14 or more day cruises can experience a quick return of their investment. Just one a half years ago the price was at $60 a share, right now it is at $22.73 and fluctuating. History says that the stock will go back up it is just how long is a mystery. The other factor that will help the cruise industry lower costs is the dramatic decrease in fuel prices. The industry does not purchase from the pump it buys contracts for a stable price. Bottom line is right now you are better off either not worrying about it or buying. The gamble is how much lower will it go? 4 Link to post Share on other sites
Justalone Posted March 9, 2020 #342 Share Posted March 9, 2020 (edited) 2 hours ago, Colo Cruiser said: 7% drop-15 minute stoppage 13% drop-15 minute stoppage 20% drop stop for the remainder of the day. 2 hours ago, Colo Cruiser said: 13% I’m so glad, that at the suggestion of my broker, I shorted the stock three weeks ago. 👍 Also, bought more gold bars.👍 Revised my “good until cancel” buy order from $18 to $11. 😳 Broker still suggested CCL annual dividend is at risk of being reduced or discontinued entirely. My broker thought CCL OBC will still be offered as an incentive to cruise on CCL. Good luck to all of you that are in for the wild ride down. Maybe you should by more CCL to dollar average your cost? Hopefully you will live long enough to realize your stock recovering to what you paid for it. Edited March 9, 2020 by Justalone 4 Link to post Share on other sites
akeasley Posted March 9, 2020 #343 Share Posted March 9, 2020 39 minutes ago, 4cats4me said: $22.63 a share now Yep, just checked myself. I've been wanting to buy CCL stock for years and am looking to see if it gets lower before purchasing. Link to post Share on other sites
CineGraphic Posted March 9, 2020 #344 Share Posted March 9, 2020 (edited) The price has not been this low since 2008 Edited March 9, 2020 by CineGraphic Link to post Share on other sites
Colo Cruiser Posted March 9, 2020 #345 Share Posted March 9, 2020 36 minutes ago, akeasley said: Yep, just checked myself. I've been wanting to buy CCL stock for years and am looking to see if it gets lower before purchasing. Don't blink!! Link to post Share on other sites
RMMariner Posted March 9, 2020 #346 Share Posted March 9, 2020 32 minutes ago, CineGraphic said: The price has not been this low since 2008 Yep. I hate to say it but this is not the bottom. We are in at $45. Cost averaging only works if the stock rises again. 1 Link to post Share on other sites
FrankNJ Posted March 9, 2020 #347 Share Posted March 9, 2020 buy at $10 , then see how it comes out of bankruptcy . ( just kidding , don't buy it ) Link to post Share on other sites
Kenswing Posted March 9, 2020 #348 Share Posted March 9, 2020 Just remember if a company has to reorganize the common shareholders are usually the first ones to get wiped out.. 2 Link to post Share on other sites
Farts Posted March 9, 2020 #349 Share Posted March 9, 2020 Just now, FrankNJ said: buy at $10 , then see how it comes out of bankruptcy . ( just kidding , don't buy it ) I am concerned about bankruptcy. Is there anyway to buy the debt that CCL has? I have never done that before and would appreciate any insight. Link to post Share on other sites
bluesea321 Posted March 9, 2020 #350 Share Posted March 9, 2020 Just now, Kenswing said: Just remember if a company has to reorganize the common shareholders are usually the first ones to get wiped out.. Exactly. If a company reorganizes because they cannot pay their debts, stockholders will be below the debt holders and will get nothing. A new stock will be issued and the old stock will be wiped out. 2 Link to post Share on other sites
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