Rcl

[mountain]

Mistakenly put this in another thread.

RCL- Royal Caribbean Cruise LTD. Sitting on 1.4 billion in cash, just secured a 2 billion line of credit. Well run company. Bought some at 19.75 last week and it took off to $43 but has dialed back to $35 since cruise lines are exempt from the stimulus package..they don't need it. Strong company who hit $135 a couple months ago. Great opportunity. What bank approves a 2 billion dollar line of credit to a weak company?

May teeter back and forth short term but definitely worth a look​

 

[CoachCB]

This is definitely a good choice....just depends on how long the industry will be shut down. The airline stocks are looking good right now too. I've dropped around $20K back into the market over the last two weeks, I have more cash sitting to the side - but I'm leary of dumping more into it until we see some good news. The recent 3 day run, followed by a big drop, is keeping me from going all in.

 

[mountain]

This is definitely a good choice....just depends on how long the industry will be shut down. The airline stocks are looking good right now too. I've dropped around $20K back into the market over the last two weeks, I have more cash sitting to the side - but I'm leary of dumping more into it until we see some good news. The recent 3 day run, followed by a big drop, is keeping me from going all in.

I'm holding out for now but not for long. We may test the lows before things turn around. A lot of the negative impacts of the virus have been baked in, but the uncertainty will keep it from a quick turnaround.

RCL may bump along for a few months but there will be definite fallout in the industry when this is all said and done. They are well positioned to come out of this and if it get back down to $30, I will be all over it again. The fact that cruise lines are exempt from the stimulus may help this company, they didn't need it. There are definite bargains out there and I believe this is one of the better ones.

 

[Bruins4Life]

Down to $24. Maybe time to get on board.

 

[NorthernStar]

Personally not big on the cruise line industry. They are going to have a hard time for quite awhile. They also are not USA companies.....bailout money will not be coming their way.

I think people will fly and go to hotels before they hop on a big cruise ship.

I liked the cruises I have gone on.....but I dont see getting on one anytime soon.

 

[smartmoneyfollower]

I am in agreement with Northern, The problem is the concept of cruising is that they sell luxury and safety at sea while the recent bad publicity has highlighted the fact that the rooms themselves are very small and that most of that luxury is out and about in crowded, captive places. It will be easier for the Airlines to fill up a grounding 150- or even 400-seat airplane then 3,500 people booked on one of these mega cruises or the boat doesn’t go. As soon as the rates are lowered, some of the people will come back once they get their jobs back.

 

[Michelangelo]

Thanks mountain, Took a substantial position at 25 and change last week on your post.

Thank you.

 

[mountain]

Thanks mountain, Took a substantial position at 25 and change last week on your post.

Thank you.

Congrats Michel. Industry risk for sure but I bought more when it hit $30. Like I said earlier, this will bump along for awhile but they are well positioned to ride it out.

 

[mountain]

Thanks mountain, Took a substantial position at 25 and change last week on your post.

Thank you.

Hope you held on M, it's crashing past $52 in the morning when the market opens. I'm going to take a little profit but hold most of it

 

[Bruins4Life]

Think I got in at 26 and sold at 34. Didnt have the nerve or patience to stay on the ride. Kinda like my OXY ride.

Congrats if u hung on.

 

[mountain]

Think I got in at 26 and sold at 34. Didnt have the nerve or patience to stay on the ride. Kinda like my OXY ride.

Congrats if u hung on.

Glad you made some coin. I'm selling a little tomorrow and sink a little more in JETS. I got in at $13 but still think it has some upside. US Global Jets ETF. This is a spec play and not based on fundamentals, pretty risky. Southwest Airlines is the largest holding at about 13 1/2%.

Another ETF I'm looking at is CRAK, in the petroleum industry. Another risky, speculative play but taking some of the gains I have on RCL and letting it ride on these 2. I am a little late on CRAK but betting the time may be right.

Of the two, I favor JETS but going to sink some in both

 

[NorthernStar]

Nice hit Mountain.

GL

 

[Michelangelo]

Hope you held on M, it's crashing past $52 in the morning when the market opens. I'm going to take a little profit but hold most of it

Still riding the big ship, mountain.

If you ever come to Boston, dinner and drinks are on me. I mean that.

I came out of cash and took 18 positions over the past month or so (sold out of two at a small loss). I've done crazy well but this has been my best. I'd be embarrassed to say how much I've made.

 

[Michelangelo]

Still riding the big ship, mountain.

If you ever come to Boston, dinner and drinks are on me. I mean that.

I came out of cash and took 18 positions over the past month or so (sold out of two at a small loss). I've done crazy well but this has been my best. I'd be embarrassed to say how much I've made.

Every time I open my yapper....

Getting croaked today. 3 stocks up. 15 stocks down.

Hope you guys are doing better.

 

[NorthernStar]

Every time I open my yapper....

Getting croaked today. 3 stocks up. 15 stocks down.

Hope you guys are doing better.

I commented to a few friends what a nice month I was having in the market last Friday.....only to make almost every move wrong this week. I have told myself from now on.....just keep my mouth shut...they may not have done well or had some other investments. Let them make their own choices. Seems like a karma thing and I should keep my mouth shut.

Still almost all in cash...not ready to make a long term play. Anything I do has a short chain.

 

[Bruins4Life]

Every time I open my yapper....

Getting croaked today. 3 stocks up. 15 stocks down.

Hope you guys are doing better.

In at $25. Take your money and get back with a drop?


I always seem to get out too early. Had PDYPY at $41. Held a few weeks and got out at $48. The next morning it went to $56. Another 2 weeks have passed and its now $64. WTF.

 

[NorthernStar]

In at $25. Take your money and get back with a drop?


I always seem to get out too early. Had PDYPY at $41. Held a few weeks and got out at $48. The next morning it went to $56. Another 2 weeks have passed and its now $64. WTF.

I had a similar complaint about shorting oil. Bought at $19...went up to about $33 or $34...got out at $32 and it went to $30 and I hurt myself patting myself on the back. 5 days later it was $65. Complaining to a friend....he put me in my place and said you never go broke selling for a profit.

My son told me to make big money you need to be right twice.

Nothing wrong with making a profit....dont beat yourself up....you only make decisions with the information you have infront of you at the time. You would have been more mad if you held and it went to $35

 

[Michelangelo]

In at $25. Take your money and get back with a drop?


I always seem to get out too early. Had PDYPY at $41. Held a few weeks and got out at $48. The next morning it went to $56. Another 2 weeks have passed and its now $64. WTF.

Not now, BfL. My intent when I bought it was to hold for the long term when everything gets back to normal and take the nice dividend yield I'll get by buying cheap. We'll see.

Could have cleared the books at the end of the day on Weds when the market shot up. There wasn't gonna be any repeat of that day in this climate. My stocks all went crazy to the upside that day. Woulda, shoulda, coulda.

Still holding really nice profits on all but one of the 16 I have left. See what monday brings.

 

[mountain]

Not now, BfL. My intent when I bought it was to hold for the long term when everything gets back to normal and take the nice dividend yield I'll get by buying cheap. We'll see.

Could have cleared the books at the end of the day on Weds when the market shot up. There wasn't gonna be any repeat of that day in this climate. My stocks all went crazy to the upside that day. Woulda, shoulda, coulda.

Still holding really nice profits on all but one of the 16 I have left. See what monday brings.

Glad you are holding on. Like I said earlier, it's going to bump along until things open up and then I expect things to cruise right long(couldn't resist). I spoke too soon on Wednesday when future trading had it at $52. The market roller coaster will continue well into the next year or two with wild swings.

Still kicking myself for passing on BAC at $3 in 2009. No guts, no glory

 

[Michelangelo]

Computer Group posted this on the Offshore Forum. Good news for us, men.

Carnival Cruise Line was inundated with bookings last week when they announced that they would return to the high seas after months of coronavirus lockdown.

Cruise Planners, a company that books cruises on the world’s largest cruise ship line, said bookings shot up by 600% when they announced that cruises would begin August 1. The spike is a 200% increase over the same time period last year.

The travel company told TMZ that those booking the cruises were “not a bit concerned about traveling at this time” because many said they were healthy and looking forward to having fun after being in lockdown for months.

Outbreaks of COVID-19 aboard cruise ships earlier this year was an early sign that the pandemic was raging out of control.

But the company has cautioned that there’s no guarantee they will be able to stick to their desired start date.

“We are taking a measured approach, focusing on the potential for sailing from a select number of homeports where we have more significant operations that are easily accessible by car for the majority of our guests,” Carnival Cruise Line said in a press statement last week. “We continue to work with various government agencies, including the CDC, as we introduce new onboard protocols, but there is no assurance of a return on August 1.”



https://www.google.com/amp/s/nypost....st-return/amp/