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Daniel A

Carnival Stock Price Dropping

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In my opinion there’s no better time to buy stock in Carnival I don’t think we’ll see the stock is low as it is now anytime soon. I’ve also purchased Norwegian and Royal Caribbean and saved a fair dollar. We all know once this virus goes away the ships will start to feel again and the stocks will grow


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Posted (edited)
20 minutes ago, BCCRUSINGCOUPLE said:

In my opinion there’s no better time to buy stock in Carnival I don’t think we’ll see the stock is low as it is now anytime soon. I’ve also purchased Norwegian and Royal Caribbean and saved a fair dollar. We all know once this virus goes away the ships will start to feel again and the stocks will grow


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Yes. Buy CCL now.
I did put options on CCL 3 weeks ago.   Hoping CCL stock will go even lower.

Also placed a good till cancel buy order for CCL @$11.

Recently bought more gold bars “just in case “ the economy and stock market does a deep dive into recession.

Good luck.

Edited by Justalone

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Posted (edited)
14 minutes ago, Justalone said:


Yes. Buy CCL now.
I did a put option 3 weeks ago.   Hoping CCL stock will go even lower.

Also placed a good till cancel buy order for CCL @$11.

Recently bought more gold bars “just in case “ the stock market does a deep dive into recession.

Good luck.

You got to wonder where some people get the idea that cruise line stocks or in  fact most stocks are a great buy when  it is more probable that we are headed into a recession or worse because of the damages this virus is doing to the disruption  many  vital supply lines  for  most companies  . Now with the 10 year bond paying less than 1%  ,imo precious metals are  a better buy for profit  .Shorting this market  is another good move at this time .

Edited by mcrcruiser

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15 minutes ago, Justalone said:


Yes. Buy CCL now.
I did a put option 3 weeks ago.   Hoping CCL stock will go even lower.

Also placed a good till cancel buy order for CCL @$11.

Recently bought more gold bars “just in case “ the stock market does a deep dive into recession.

Good luck.

 Personally I wouldn't even place a $11 oder for CCL or RCL or NCL 

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 Personally I wouldn't even place a $11 oder for CCL or RCL or NCL 

Right now it is crashing if you hold on long term it will bounce back tang is what i have always done and it has worked for me


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Posted (edited)
5 minutes ago, BCCRUSINGCOUPLE said:


Right now it is crashing if you hold on long term it will bounce back tang is what i have always done and it has worked for me


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  Believe what you want  .CNN dow futures are showing 1174 points down at the open tomorrow . Those are facts not hopes or wishes  . In all truth I would not buy  any cruise line stocks  or travel stocks  .It is like skating up hill & the hill is full of  glue 

   My money is in cash & precious metals 

Edited by mcrcruiser

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  Believe what you want  .CNN dow futures are showing 1174 points down at the open tomorrow . Those are facts not hopes or wishes  . In all truth I would not buy  any cruise line stocks  or travel stocks  .It is like skating up hill & the hill is full of  glue 
   My money is in cash & precious metals 

Hey you are right however if you have a bit of spare money kicking around it’s the best time when Markets are low.


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7 minutes ago, BCCRUSINGCOUPLE said:


Right now it is crashing if you hold on long term it will bounce back tang is what i have always done and it has worked for me


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Yes, hopefully one will not  die first before the stock bounces back.

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Yes, hopefully one will not  die first before the stock bounces back.

I am
All good under 50 I can ride it out.


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5 minutes ago, BCCRUSINGCOUPLE said:


Hey you are right however if you have a bit of spare money kicking around it’s the best time when Markets are low.


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Markets are low, but likely to go lower.  CCL stock likely to test the 2008 low which is the next technical support level.


Word has it that Cruise line management expected some additional screening requirements, but not the announcement by State and others to avoid cruising. 

 

I expect that CCL is either already tapping its line of credit or will be soon. 

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2 minutes ago, BCCRUSINGCOUPLE said:


I am
All good under 50 I can ride it out.


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Maybe  . In a time like this of uncharted waters no  one can be certain of  profits  .

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1 minute ago, npcl said:

Markets are low, but likely to go lower.  CCL stock likely to test the 2008 low which is the next technical support level.


Word has it that Cruise line management expected some additional screening requirements, but not the announcement by State and others to avoid cruising. 

 

I expect that CCL is either already tapping its line of credit or will be soon. 

 It is possible that they may have contingency plans to moth ball the ships  . Then they may also have plans to file for bankruptcy  protection . What will be a huge challenge are the ships already in construction  with those contracts

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3 minutes ago, mcrcruiser said:

 It is possible that they may have contingency plans to moth ball the ships  . Then they may also have plans to file for bankruptcy  protection . What will be a huge challenge are the ships already in construction  with those contracts

I suspect that they have to be doing a lot of contingency planning.  The liability of prepaid deposits for cruises not yet taken at 4.5 billion (about 4 months of fare revenue) by itself is more than their cash on hand 500 million, receivables 450 million and revolving line of credit 3 billion.

 

Any substantial amount of refunds, would do a number on their cash flow, not even considering the actual profit/loss on operations.  If the virus is not dropping in 2-3 months I suspect that they will be in serious trouble.

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4 minutes ago, npcl said:

I suspect that they have to be doing a lot of contingency planning.  The liability of prepaid deposits for cruises not yet taken at 4.5 billion (about 4 months of fare revenue) by itself is more than their cash on hand 500 million, receivables 450 million and revolving line of credit 3 billion.

 

Any substantial amount of refunds, would do a number on their cash flow, not even considering the actual profit/loss on operations.  If the virus is not dropping in 2-3 months I suspect that they will be in serious trouble.

Agree 100 %  

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I suspect this is why they are doing credits and not refunds for cancellations. We are scheduled to cruise on the 22nd and if we go we receive a $200 obc. If we want to cancel we can, up to 3 days before sailing, but it's not a refund. We would have until Dec 2021 to rebook. If Princess cancels us, then we get money refunded and a future cruise credit.

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1 minute ago, mcrcruiser said:

unless government subsidies  are granted . right now I would not bet that would happen , The government will need all it's financial  & skilled people power to fight this virus 

The only government proposal even hinted at is some kind of tax credits, which would not help cash flow.  That would probably be impossible to get past congress.

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Agree 100 %  

Well one thing for sure once they figure all of this out there might be some good deals on cruises


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Posted (edited)

The Australian share market dived another 7.4 % today. I'd wait. 
The virus doesn't like heat but it is just starting here in Australia and it's late summer. 

Edited by Pushka

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On 3/6/2020 at 6:41 PM, drowelf said:

What do you mean by a brokerage account? We have (had) our CCL and RCL shares in the DWs IRA-SEP Account over which we have direct control of how the assets are allocated. As we can buy/sell stocks/EFTs/Mutuals, I consider that a brokerage account. 

 

Exactly. And since you have a brokerage account, if you had shares of a company such as IHG in it, you could not get their stock holder discount on hotel stays based on stock in that account.

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3 hours ago, BCCRUSINGCOUPLE said:


I don’t believe they will be going anywhere. They will move the ships around the virus does not do well I high heat they are Saying


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Not true in Singapore which had a major outbreak. Real close to the equator.

 

 

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CCL will probably drop 3-10% today. Wow futures are already down 3-4% and with developments with Princess ships over the weekend I would guess CCL will drop more than the market today.

 

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10 minutes ago, frugaltravel said:

CCL will probably drop 3-10% today. Wow futures are already down 3-4% and with developments with Princess ships over the weekend I would guess CCL will drop more than the market today.

 


Oh wow, futures now down 8 percent and 190k volume and it’s only 0740 EDT.   Could be a 15 percent kinda day...

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12 minutes ago, frugaltravel said:

CCL will probably drop 3-10% today. Wow futures are already down 3-4% and with developments with Princess ships over the weekend I would guess CCL will drop more than the market today.

 

Right - down more than $2 right now - glad that I didn't buy at $33-$35 - still waiting on the sideline to avoid losing money.  

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1 hour ago, rimmit said:

  Could be a 15 percent kinda day...

For sure.  

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1 hour ago, Rigby the Dog said:

Right - down more than $2 right now - glad that I didn't buy at $33-$35 - still waiting on the sideline to avoid losing money.  

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.

 

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