josh.vincent.180 Posted March 11, 2020 #101 Share Posted March 11, 2020 (edited) 24 minutes ago, Baron Barracuda said: That supposed ban was mentioned by a reporter. Adam Goldstein (CLIA president & former RCCI vice chairman) did not confirm it was part of package of proposals given to Pence by cruise lines. But he didn't deny it either. Correct, but you could see on his face that was in the proposal. Thinking about doing a put on Jun 19th 2020 at $25. Worst case I have to buy RCL at at $25 for 100 shares. Edited March 11, 2020 by josh.vincent.180 Link to comment Share on other sites More sharing options...
Rare rimmit Posted March 11, 2020 #102 Share Posted March 11, 2020 5 minutes ago, josh.vincent.180 said: Correct, but you could see on his face that was in the proposal. Guess he’s not great at poker. Link to comment Share on other sites More sharing options...
Life Buoy Posted March 11, 2020 #103 Share Posted March 11, 2020 Lots of ships have left with lots of passengers since the corona virus appeared. What lines other than Princess have there been cases? Has there been a case on Celebrity? Betting odds are good that there will be more cases on other lines, but for now: "the only thing we need to fear, is fear itself". 2 Link to comment Share on other sites More sharing options...
josh.vincent.180 Posted March 11, 2020 #104 Share Posted March 11, 2020 (edited) RCL has Jewel in Dubai on semi lockdown right now. Edited March 11, 2020 by josh.vincent.180 Link to comment Share on other sites More sharing options...
cruiserchuck Posted March 11, 2020 #105 Share Posted March 11, 2020 (edited) 4 minutes ago, josh.vincent.180 said: RCL has Jewel in Dubai on semi lockdown right now. Someone just posted that the passengers are now allowed to get off the ship in Dubai. Semi lockdown over. Edited March 11, 2020 by cruiserchuck Link to comment Share on other sites More sharing options...
woody14h Posted March 11, 2020 #106 Share Posted March 11, 2020 2 hours ago, josh.vincent.180 said: CNBC right now, The CRUISE line policy submitted to the White House is BANNING ALL cruisers over 70 and anyone with a health issue. Not official yet but its coming soon. Where did this post come from. I can find no reference. Please cite. Link to comment Share on other sites More sharing options...
josh.vincent.180 Posted March 11, 2020 #107 Share Posted March 11, 2020 15 minutes ago, woody14h said: Where did this post come from. I can find no reference. Please cite. It was on TV on CNBC - only cite I can find "Nothing Official" but looks to be https://www.usatoday.com/story/travel/cruises/2020/03/11/proposal-white-house-cruise-industry-bar-people-70-ships/5020325002/ Link to comment Share on other sites More sharing options...
josh.vincent.180 Posted March 11, 2020 #108 Share Posted March 11, 2020 At $42 - RCL is a $7.2B Market Cap company - its debt is $11.2B This is really gets interesting sub $40 after long term support. Link to comment Share on other sites More sharing options...
Moby Jones Posted March 11, 2020 Author #109 Share Posted March 11, 2020 $41.53 as I type. I think it has a way to fall yet. If a 70 year old or older ban does come into force then I can see it falling significantly. Link to comment Share on other sites More sharing options...
verizon Posted March 11, 2020 #110 Share Posted March 11, 2020 (edited) Yesterday Trump's said the administration going to help the cruise industries. Now I know what they mean just to discourage people over 70 from cruising. In future Holland America will be sailing half full if I predicted right. Edited March 11, 2020 by verizon Link to comment Share on other sites More sharing options...
Rare rimmit Posted March 11, 2020 #111 Share Posted March 11, 2020 Down to 41 now. Still got a ways to go. If an RCI ship gets hit, all bets are off. Link to comment Share on other sites More sharing options...
josh.vincent.180 Posted March 11, 2020 #112 Share Posted March 11, 2020 Sold my strike at 47, and took half my about half of my initial bet off and rolled it down to a $22.50 put strike for June 19th. Does short cover here at $40? IDK? My new gamble is on the fact that imo Vancouver and Seattle will shut down cruise port. Alaska cruises start at end of April. Link to comment Share on other sites More sharing options...
Beachin2 Posted March 11, 2020 #113 Share Posted March 11, 2020 Pulled my $32.50 but order and revised it to $27.50 - wait until the impact of the 70 year old restriction kicks in. Debt to cap is getting way out of whack. 1 Link to comment Share on other sites More sharing options...
Lastdance Posted March 11, 2020 #114 Share Posted March 11, 2020 (edited) That is age discrimination, especially if one does not have an underlying condition and is in great health. I totally agree about buying the stock!!! Edited March 11, 2020 by Lastdance Link to comment Share on other sites More sharing options...
skatie Posted March 11, 2020 #115 Share Posted March 11, 2020 So I'm a newbie at buying stock, but even before this significant downturn, we had talked about buying RCI stock - mainly for the OBC - so only purchasing 100 shares. I have an online bank webbroker account set up and have been studying tutorials on how to set up and buy/sell etc, so I'm just wanting to learn from what you are saying...but I know its my mind to make up and no one has a crystal ball! It sounds like folks are expecting the stock to go below $40 and some have set up a "buy now" somewhere around the $32 or less mark with an "expiry date" on that buy figure to late June - is that correct? I was feeling like I was ready to buy the 100 shares, but it seems like those with more experience feel it will go much lower? Thanks for any insights/opinions! Link to comment Share on other sites More sharing options...
Rare rimmit Posted March 11, 2020 #116 Share Posted March 11, 2020 5 minutes ago, skatie said: I was feeling like I was ready to buy the 100 shares, but it seems like those with more experience feel it will go much lower? Thanks for any insights/opinions! I have been watching this stock since 2009 and the one thing I’ve learned is that the stock market is predictably unpredictable. Any advice on these forums is complete speculation and flipping a coin would be just as accurate. That being said, I sold out about two weeks ago, and have been in and out shorting since. I am currently in a short position and waiting a while to close it. When I close it out I will Buy back in. Historically, this stock takes a major bearing in a shaky market. And was as low as $5 back in 2009. Given your newbie status to the market the one piece of advice I will give you is to not put anything in the market that you are not willing to lose completely as there are no guarantees in the stock market. 2 Link to comment Share on other sites More sharing options...
Moby Jones Posted March 11, 2020 Author #117 Share Posted March 11, 2020 15 minutes ago, skatie said: So I'm a newbie at buying stock, but even before this significant downturn, we had talked about buying RCI stock - mainly for the OBC - so only purchasing 100 shares. I have an online bank webbroker account set up and have been studying tutorials on how to set up and buy/sell etc, so I'm just wanting to learn from what you are saying...but I know its my mind to make up and no one has a crystal ball! It sounds like folks are expecting the stock to go below $40 and some have set up a "buy now" somewhere around the $32 or less mark with an "expiry date" on that buy figure to late June - is that correct? I was feeling like I was ready to buy the 100 shares, but it seems like those with more experience feel it will go much lower? Thanks for any insights/opinions! I really wouldn't buy a stock because of its associated shareholder benefits. That could be very costly indeed. You should focus on the return (growth and dividends). Link to comment Share on other sites More sharing options...
XuGator Posted March 11, 2020 #118 Share Posted March 11, 2020 (edited) Its funny to read so many people on here thinking they know what the market will do and what a "good price is" Here is a tip for first timers - NOBODY can predict what this stock or any stock is going to do. It could very easily go back to 60 as it could to 30. So dont take the advice of anyone who thinks they can foresee things that will affect the price. That isnt how the market works. In fact the market often responds in an opposing direction Buy at a price you feel comfortable with and dont think you or anyone can predict the future because you cant. Edited March 11, 2020 by XuGator 1 Link to comment Share on other sites More sharing options...
josh.vincent.180 Posted March 11, 2020 #119 Share Posted March 11, 2020 (edited) 18 minutes ago, XuGator said: Its funny to read so many people on here thinking they know what the market will do and what a "good price is" Here is a tip for first timers - NOBODY can predict what this stock or any stock is going to do. It could very easily go back to 60 as it could to 30. So dont take the advice of anyone who thinks they can foresee things that will affect the price. That isnt how the market works. In fact the market often responds in an opposing direction Buy at a price you feel comfortable with and dont think you or anyone can predict the future because you cant. Its not going back to $60 until COVID is cured. $30 maybe a bit low, but again if you think differently take the call strike against me. THIS IS BLACK SWAN - all beats are off. I would not buy RCL stock based on cruise credits unless you treat it like a dividend and figure 5 years at 8 cruises a year and thus buy 100 shares at $40 makes sense. DONT RISK MORE THAN YOU ARE AFRAID TO LOSE, cause as unlikely as you think bankruptcy is, IT IS in play here with Debt ratio. I dont think we go there but nobody knows. Edited March 11, 2020 by josh.vincent.180 4 Link to comment Share on other sites More sharing options...
skatie Posted March 11, 2020 #120 Share Posted March 11, 2020 No worries here folks, I'm just trying to absorb everyone's insights - I will buy when I'm ready to buy but I like to hear what others are doing. History shows that this stock over the long term (could be very long, but thats ok) will rebound, but yes, I can afford to lose the money associated with 100 shares so all good. Thanks for the opinions! 1 Link to comment Share on other sites More sharing options...
verizon Posted March 11, 2020 #121 Share Posted March 11, 2020 1 hour ago, josh.vincent.180 said: Sold my strike at 47, and took half my about half of my initial bet off and rolled it down to a $22.50 put strike for June 19th. Does short cover here at $40? IDK? My new gamble is on the fact that imo Vancouver and Seattle will shut down cruise port. Alaska cruises start at end of April. Very likely there will be no sailing from these two ports Link to comment Share on other sites More sharing options...
TMLAalum Posted March 11, 2020 #122 Share Posted March 11, 2020 Put in for 100 shares at $29 w/ mid-June expiry. We shall see... 1 Link to comment Share on other sites More sharing options...
verizon Posted March 11, 2020 #123 Share Posted March 11, 2020 8 minutes ago, skatie said: No worries here folks, I'm just trying to absorb everyone's insights - I will buy when I'm ready to buy but I like to hear what others are doing. History shows that this stock over the long term (could be very long, but thats ok) will rebound, but yes, I can afford to lose the money associated with 100 shares so all good. Thanks for the opinions! I don't know how LOW it will goes but i can tell you that is safe to buy when you see Coronavirus is under control. 2 Link to comment Share on other sites More sharing options...
Rare rimmit Posted March 11, 2020 #124 Share Posted March 11, 2020 32 minutes ago, verizon said: Very likely there will be no sailing from these two ports It’s already starting. https://www.bizjournals.com/seattle/news/2020/03/11/port-of-seattle-cancels-two-first-cruises.html Link to comment Share on other sites More sharing options...
Rare rimmit Posted March 12, 2020 #125 Share Posted March 12, 2020 Futures at 39. So far the most lost in a day is about 20 percent.... Could be a record loss kinda day. Link to comment Share on other sites More sharing options...
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