cmptrwiz Posted October 7, 2014 #1 Share Posted October 7, 2014 Carnival stock fell $2.16 today after hitting a 52 week high a few days ago at the end of September. What is going on? Ebola scare? Link to comment Share on other sites More sharing options...
Mutumbojimbo Posted October 7, 2014 #2 Share Posted October 7, 2014 I haven't done a deep analysis, but withthe DOW down 200+points today, I imagine many stocks fell a significant amount. While I'm sure there is some travel scare, many seemed leery of poor 3rd Quarter earnings reports according to the articles I have sneaked peeks at. Link to comment Share on other sites More sharing options...
pghsteelerfan Posted October 7, 2014 #3 Share Posted October 7, 2014 (edited) Think it might have something to do with the smoking ban on balconies? That goes into effect 10/9...in two days...except for current cruises, then it goes into effect the first sailing after. Edited October 7, 2014 by pghsteelerfan Link to comment Share on other sites More sharing options...
hbrote Posted October 7, 2014 #4 Share Posted October 7, 2014 How about normal profit taking that hits in October. Just my guess. Link to comment Share on other sites More sharing options...
Rare Cruise Junky Posted October 7, 2014 #5 Share Posted October 7, 2014 Think it might have something to do with the smoking ban on balconies? That goes into effect 10/9...tomorrow...except for current cruises, then it goes into effect the first sailing after. Not even close. RCL got hit about the same %. Ridiculous to peg it to Smoking Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
pghsteelerfan Posted October 7, 2014 #6 Share Posted October 7, 2014 (edited) Not even close. RCL got hit about the same %. Ridiculous to peg it to Smoking Sent from my iPhone using Tapatalk I wasn't trying to start a heated debate, I was just wondering if that may have had something to do with stocks falling. I just got on CC this afternoon and don't monitor daily stock prices. I saw this post and answered what I thought may be a possible reason. Edited October 7, 2014 by pghsteelerfan Link to comment Share on other sites More sharing options...
cmptrwiz Posted October 7, 2014 Author #7 Share Posted October 7, 2014 On September 19 Micky Arison sold 212,474 shares of stock at $40.22 per share for a cool $8.55 million dollars. Talk about profit taking! I would have thought it would have dropped right after that! Link to comment Share on other sites More sharing options...
pghsteelerfan Posted October 7, 2014 #8 Share Posted October 7, 2014 I stand corrected. I won't attach the link since I don't know if that is within the rules or not, but it is a popular "report". The headline is something along the lines of (don't want to directly quote it, again, not sure of the rules with direct headline quotes)...Cruise stocks falling due to Ebola and forcing lines to skip ports. In my earlier post, it was just a guess with the dates and all. Fire suit is on, just in case. Link to comment Share on other sites More sharing options...
winddawn Posted October 7, 2014 #9 Share Posted October 7, 2014 Carnival stock fell $2.16 today after hitting a 52 week high a few days ago at the end of September. What is going on? Ebola scare? All of the major market indices were down today. The DJIA was down almost 300 points. Seems the market has jitters over a potential European recession and the global economy. That's what markets do though. They go up and they go down. People invest. People take profits. If you are in for the long haul, no worries. Link to comment Share on other sites More sharing options...
andy.capitan Posted October 7, 2014 #10 Share Posted October 7, 2014 Nothing to do with smoking or Uncle Micky or even Carnival Cruise Lines. Yep, because of ebola and Seabourn rerouting a ship or two. RCL dropped like a bad transmission and they don't even stop in Africa. Link to comment Share on other sites More sharing options...
Badfinger Posted October 7, 2014 #11 Share Posted October 7, 2014 I haven't done a deep analysis, but withthe DOW down 200+points today, I imagine many stocks fell a significant amount. While I'm sure there is some travel scare, many seemed leery of poor 3rd Quarter earnings reports according to the articles I have sneaked peeks at. It is mostly earnings IMO...and any guidance they may have offered for next quarter..I have not looked into the numbers. I say that because Carnival was down over 5% today. My beloved Apple stock which was near an all time high was down less than 1% today. And all my other stocks were down less than 2%..which is inline with the 1.6% drop in the DOW. A great example of why you have to be diversified when you own individual stocks. And should do your homework BEFORE and AFTER buying them. Link to comment Share on other sites More sharing options...
Badfinger Posted October 7, 2014 #12 Share Posted October 7, 2014 Nothing to do with smoking or Uncle Micky or even Carnival Cruise Lines. Yep, because of ebola and Seabourn rerouting a ship or two. RCL dropped like a bad transmission and they don't even stop in Africa. Astute Carnival stock owners should have seen this coming when the guy was diagnosed in Dallas, and reacted according to their investing discipline. Link to comment Share on other sites More sharing options...
andy.capitan Posted October 7, 2014 #13 Share Posted October 7, 2014 Astute Carnival stock owners should have seen this coming when the guy was diagnosed in Dallas, and reacted according to their investing discipline. Most of us did and knew to keep calm when the knee jerk reaction occurred, Carnival earnings easily beat the consensus and the forecast is looking up with Caribbean occupancy and rates up, fuel savings, up, it's all good. Link to comment Share on other sites More sharing options...
Badfinger Posted October 7, 2014 #14 Share Posted October 7, 2014 (edited) Most of us did and knew to keep calm when the knee jerk reaction occurred, Carnival earnings easily beat the consensus and the forecast is looking up with Caribbean occupancy and rates up, fuel savings, up, it's all good. Holding steady is one reaction. Selling on the initial news and buying back in today would have been another. Or just buying more today if you really believe in the stock. Point is, an investor should decide when they buy the stock what their strategy is when a stock does this, so there is no emotional decisions/reactions are made when the time comes. The OP was concerned enough to start this thread. Edited October 7, 2014 by Badfinger Link to comment Share on other sites More sharing options...
cruzfitter Posted October 7, 2014 #15 Share Posted October 7, 2014 (edited) Nothing to do with smoking or Uncle Micky or even Carnival Cruise Lines. Yep, because of ebola and Seabourn rerouting a ship or two. RCL dropped like a bad transmission and they don't even stop in Africa. Just thought I would point out a couple of things. First, RCL ended up losing less percentage wise than CCL. Second, Pullmamtur, a division of RCL does in fact stop in Africa. BTW, exactly what do you have permission for? Edited October 7, 2014 by cruzfitter Additional comment Link to comment Share on other sites More sharing options...
andy.capitan Posted October 8, 2014 #16 Share Posted October 8, 2014 Just thought I would point out a couple of things. First, RCL ended up losing less percentage wise than CCL. Second, Pullmamtur, a division of RCL does in fact stop in Africa. BTW, exactly what do you have permission for? Royal was off $3.87 (5.87%) CCL was off $2.16 (5.47%) Apparently Royal doesn't know they own Pullmantur because their comment was they don't port in Africa. I have permission. Link to comment Share on other sites More sharing options...
9876 Posted October 8, 2014 #17 Share Posted October 8, 2014 The entire transportation sector dropped due to the Ebola scare. The general market also took a hit...so much going on in the world it has been very skiddish. Link to comment Share on other sites More sharing options...
Nic6318 Posted October 8, 2014 #18 Share Posted October 8, 2014 I never thought of buying this stock to trade. I did buy this stock for the 3% dividend ( at the time ) and the OBC. It seems like a no brainer it's literally paying for itself. Link to comment Share on other sites More sharing options...
golfadj Posted October 8, 2014 #19 Share Posted October 8, 2014 $ 40 -per share seems very high to me and would not purchase at that price. Link to comment Share on other sites More sharing options...
cruzfitter Posted October 8, 2014 #20 Share Posted October 8, 2014 Royal was off $3.87 (5.87%)CCL was off $2.16 (5.47%) Apparently Royal doesn't know they own Pullmantur because their comment was they don't port in Africa. I have permission. You forgot after hours trading. RCL $3.46 (5.24%). Pullmantur doesn't have any ships docking there in October, so RCL doesn't have to make any changes yet. Link to comment Share on other sites More sharing options...
andy.capitan Posted October 8, 2014 #21 Share Posted October 8, 2014 You forgot after hours trading. RCL $3.46 (5.24%). Pullmantur doesn't have any ships docking there in October, so RCL doesn't have to make any changes yet. I didn't forget it, I don't consider it. The CCL sell off was an overreaction. Link to comment Share on other sites More sharing options...
cruzfitter Posted October 8, 2014 #22 Share Posted October 8, 2014 I didn't forget it, I don't consider it. The CCL sell off was an overreaction. As was the RCL sell off, but you had to bring RCL into the thread. And you don't consider after hour trading only because it doesn't support your numbers. Link to comment Share on other sites More sharing options...
andy.capitan Posted October 8, 2014 #23 Share Posted October 8, 2014 As was the RCL sell off, but you had to bring RCL into the thread.And you don't consider after hour trading only because it doesn't support your numbers. :rolleyes::rolleyes::rolleyes: Link to comment Share on other sites More sharing options...
cmptrwiz Posted October 8, 2014 Author #24 Share Posted October 8, 2014 It will be interesting to see what happens tomorrow. Link to comment Share on other sites More sharing options...
golfadj Posted October 8, 2014 #25 Share Posted October 8, 2014 As was the RCL sell off, but you had to bring RCL into the thread.And you don't consider after hour trading only because it doesn't support your numbers. Good post Link to comment Share on other sites More sharing options...
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