CCL Stock Rebounding

[Himself]

It is going for 22.16 per share at the moment

[KirkNC]

2 hours ago, Hlitner said:

Had to laugh at the topic (stock rebounding).  So now it is at about $22 per share as compared to its previous year's high of $53.86.  In my investment world this is far from a rebound.

 

Hank

Come on  Hank, you never knew anyone who loses money in the stock market or the casino, everybody's a winnnnner 🤪

Edited June 10, 2020 by KirkNC

[dockman]

From $8 to $22 is a bigger percentage rebound than from $22 to $53 according to my calculator.  It all depends on  how you describe rebounding and from what level.  I for one am enjoying the rebound but i suspect it will be a long and rocky road before it reaches the $53 level again.

[cruisemom42]

This timid investor is feeling like a genius -- I bought when it was below 9 and sold Monday morning for just over 24, lol.  I was going to just hang onto it for the OBC but given some things I heard over the weekend I thought this might be the time to sell...

 

I can always buy again when Carnival announces they have to scrap their August cruises and the stock tanks again... 

 

 

[kazu]

1 hour ago, cruisemom42 said:

This timid investor is feeling like a genius -- I bought when it was below 9 and sold Monday morning for just over 24, lol.  I was going to just hang onto it for the OBC but given some things I heard over the weekend I thought this might be the time to sell...

 

I can always buy again when Carnival announces they have to scrap their August cruises and the stock tanks again... 

 

 

 

Good for you 😄 

[rkacruiser]

On 6/8/2020 at 12:09 PM, dockman said:

shoulda coulda

 

 

5 hours ago, iancal said:

For those who bought at the low point....now is the time to sell, take the money, and RUN.

 

Very tempting to do even with this investor who missed this year's low, but is a long time investor who had invested during the lows of 2008/2009.  

[iancal]

1 hour ago, cruisemom42 said:

This timid investor is feeling like a genius -- I bought when it was below 9 and sold Monday morning for just over 24, lol.  I was going to just hang onto it for the OBC but given some things I heard over the weekend I thought this might be the time to sell...

 

I can always buy again when Carnival announces they have to scrap their August cruises and the stock tanks again... 

 

 

Smart...very smart.   Realize your gains and walk.   Between the cash burn and the continual cancellation of cruises I believe believe that you hit it right on both ends.  Watch out for another opportunity.

 
Well played.  Sure beats holding on to an FCC!

 

 

Edited June 10, 2020 by iancal

[ontheweb]

5 hours ago, Hlitner said:

Had to laugh at the topic (stock rebounding).  So now it is at about $22 per share as compared to its previous year's high of $53.86.  In my investment world this is far from a rebound.

 

Hank

And before that if I remember correctly it was as high as the low 70s.

[rkacruiser]

32 minutes ago, ontheweb said:

And before that if I remember correctly it was as high as the low 70s.

 

The 52 week high is $53.71.  In the $70's?  Not so sure about that?

[richwmn]

25 minutes ago, rkacruiser said:

 

The 52 week high is $53.71.  In the $70's?  Not so sure about that?

Looking at a 5 year graph, the high of 71.65 was achieved on 1/22/18

[billbunger]

10 hours ago, iancal said:

For those who bought at the low point....now is the time to sell, take the money, and RUN.

Bobbie Sue, whoa, whoa, she slipped away
Billy Joe caught up to her the very next day
They got the money, hey
You know they got away
They headed down south and they're still running today
Singin' go on take the money and run
Go on take the money and run
Go on take the money and run
Go on take the money and run
Go on take the money and run
Go on take the money and run
Go on take the money and run
Go on take the money and run

 

Courtesy Steve Miller

Edited June 11, 2020 by billbunger

[iancal]

Given the state of the covid in the US I would be very surprised to see any sailings from the US before the end of rhe year.  And even If there are, chances are very few, if any ,foreign ports will allow those ships in port. 

 There are people who believe that we are on the tail end of this.  iMHO this could not be further from the truth.  It might depend on who you believe, or trust. The public health experts or the politicians.

 

iMHO the cruise lines have a huge self interest in letting people believe that  there will be cruises In late summer or fall.   Bookings, rebookings, FCC’s is the name of the game.  Plus the fear that many prospective customers will give up on their cruise dream and allocate those dollars to some other travel product or pastime.  All the while their cash burn rate continues to march forward.  I suspect selling at 24 was smart, very smart. Past highs are completely meaningless.

Edited June 11, 2020 by iancal

[ontheweb]

10 hours ago, rkacruiser said:

 

The 52 week high is $53.71.  In the $70's?  Not so sure about that?

With a google search, I found 71.94 on 1/29/2018. That surely qualifies as low 70s.

[DFD1]

This will be a very shallow rebound. Long term looks weary, to say the least.

[KirkNC]

After the last few days you might need to change the title of the thread.

[dockman]

the tide comes in, the tide goes out

[npcl]

Considering that you have people bidding up bankrupt companies (Hertz) whose equity value is expected to end up zero, this market is anything but logical.

[vicd1969]

Back to almost $20 this morning so far. Owning CCL during these times is like sailing the Drake passage!

[Gail & Marty sailing away]

On 6/10/2020 at 7:20 PM, rkacruiser said:

 

 

 

Very tempting to do even with this investor who missed this year's low, but is a long time investor who had invested during the lows of 2008/2009.  

I bought 100 shares in  2000 for one reason the OBC I get on every Booking  we go on a CCl ship I am guessing about 125 Bookings to date  . 

[rkacruiser]

9 hours ago, vicd1969 said:

Back to almost $20 this morning so far. Owning CCL during these times is like sailing the Drake passage!

 

Sailing the Drake passage at its worse!  

[drsel]

there is a rational and logical way to invest in a stock which fluctuates wildly like carnival.

 

Buy

1 share at 20,

2 shares at 19

3 shares at 18

4 shares at 17 and so on

 

So if it falls to 11, you will end up with 55 shares.

And if it falls to 1 you will end up with 210 shares

 

You can also use a multiple of 10 if you want to invest much more.

Then if it falls to 11, you will end up with 550 shares.

And if it falls to 1 you will end up with 2100 shares.

 

But you will always have bought the maximum number of shares at the lowest price!

 

Unless the Carnival group goes bankrupt (I don't think it will), you will make a huge profit

 

 

 

[rkacruiser]

3 hours ago, Gail & Marty sailing away said:

I bought 100 shares in  2000 for one reason the OBC I get on every Booking  we go on a CCl ship I am guessing about 125 Bookings to date  . 

 

You are well ahead of me as to the OBC for such an investment.  I invested and have continued to do so because I believed in the business model of CCL.  The OBC was an additional perk.  It's a tax-free dividend when received.  

 

The business model may have to change.  Change in a very major way, I think, in comparison to "what once was".  If so, how will the public react?  I do not view my investment in CCL or RCI as an opportunity to "deserve" OBC.  I view it as an "investment".  "When to hold 'em?  When to fold 'em?"  That's where I am at.     

[rkacruiser]

10 minutes ago, drsel said:

there is a rational and logical way to invest in a stock which fluctuates wildly like carnival.

 

Buy

1 share at 20,

2 shares at 19

3 shares at 18

4 shares at 17 and so on

 

So if it falls to 11, you will end up with 55 shares.

And if it falls to 1 you will end up with 210 shares

 

You can also use a multiple of 10 if you want to invest much more.

Then if it falls to 11, you will end up with 550 shares.

And if it falls to 1 you will end up with 2100 shares.

 

But you will always have bought the maximum number of shares at the lowest price!

 

Unless the Carnival group goes bankrupt (I don't think it will), you will make a huge profit

 

 

 

 

That would mean that one would have to become a "day trader" I think.  Such a scenario does not fit my investment style.  

 

 

[drsel]

 
That would mean that one would have to become a "day trader" I think.  Such a scenario does not fit my investment style.  
 
 

You just put all the orders according to the table shown and forget about it.
No need to watch the screen or price movement.

1 or more orders may get executed over the next few days or weeks.
The more the price falls, the more you will collect.

Don't sell until the pandemic is under control or a vaccine is available.

This is passive systematic investment, it does not need to be monitored. Certainly not day trading , where you actively buy and sell many times a day.

[iancal]

I would expect this stock to go one way.  Down.  
 

In all likelihood no realizable customer revenue until 2021.