CCL stock dips below 40

[drsel]

There is a rational and logical way to invest in a stock which fluctuates wildly like Carnival.

Buy
1 share at. 14,
2 shares at 13
3 shares at 12
4 shares at 11 and so on

So if it falls to 11, you will end up with 10 shares @ $12, a tiny investment.
And if it falls to 1 you will end up with 105 shares @ $5.33 only, an investment amount less than what you would pay for a 7 night cruise for just one person!

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 100 shares @ $12, minimum required to get free shareholder onboard credit of $100 per cabin.
And if it falls to 1 you will end up with 1050 shares @ $5.33 only.

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.

You can book profits when the pandemic is officially over and cruising resumes in full swing.

[TNcruising02]

It's under $14 now.  I am curious to see how low it will dip.

[drsel]

Just like everyone is happy when Cruise prices fall you should be happy if you can get it cheaper

[TNcruising02]

4 minutes ago, drsel said:

Just like everyone is happy when Cruise prices fall you should be happy if you can get it cheaper

Every time certain stocks fall, I see it as an opportunity. 

[deadmoney]

Earlier in this thread I posted about buying an extra 100 at 32 and being happy, then bought 100 more at 25.

I stopped buying out of fear and almost sold in June when it got up to 20.

I'm now on the fence about dumping all but my original  100 and investing the money elsewhere.

Hate to take a loss but.............

 

[TNcruising02]

26 minutes ago, deadmoney said:

Earlier in this thread I posted about buying an extra 100 at 32 and being happy, then bought 100 more at 25.

I stopped buying out of fear and almost sold in June when it got up to 20.

I'm now on the fence about dumping all but my original  100 and investing the money elsewhere.

Hate to take a loss but.............

 

Just my opinion, but I wouldn't sell stocks at a loss unless I was almost certain the company was going under.  If I bought at 32 and at 25, I would hang on to it.  In fact, I would buy more shares when it dipped and then sell at a profit once the stock increased to help get my money back.  That's just me.  I think a lot of people sell out of fear, but the stocks go back up and they are stuck with their losses.  Stocks are a risk, so it's anybody's guess.  If Carnival dips low enough, I will go all in again.

[drsel]

Earlier in this thread I posted about buying an extra 100 at 32 and being happy, then bought 100 more at 25.

I stopped buying out of fear and almost sold in June when it got up to 20.

I'm now on the fence about dumping all but my original  100 and investing the money elsewhere.

Hate to take a loss but.............

 

You have to follow a logical and systematic way of investing, not just buy any quantity at any price.

 

Just follow my advice in post 978 and sell when the pandemic is controlled and cruising resumes in full swing

[deadmoney]

Thanks, i think i just needed to be talked off the ledge😉

[HaveWeMetYet]

It is going to be a brutal day for cruise line stocks tomorrow with the weekend covid news on Hurtigruten and Paul Gauguin lines along with Celebrity cancelling out October.

[n6uqqq]

13 minutes ago, HaveWeMetYet said:

It is going to be a brutal day for cruise line stocks tomorrow with the weekend covid news on Hurtigruten and Paul Gauguin lines along with Celebrity cancelling out October.

I think you are correct. I think Carnival is heading for single digits again. If this goes on too long Chapter 11 may become enticing to Carnival as the lesser of evils. Bondholders and shareholders are the big losers in chapter 11 with shareholders being lower on the food chain than the bondholders.

[PhillyFan33579]

6 hours ago, n6uqqq said:

I think you are correct. I think Carnival is heading for single digits again. If this goes on too long Chapter 11 may become enticing to Carnival as the lesser of evils. Bondholders and shareholders are the big losers in chapter 11 with shareholders being lower on the food chain than the bondholders.

I don’t disagree with anything in your post. However, for example, if you bought 100 shares of Carnival stock for under $10, you would lose less than a $1,000 if Carnival filed for chapter 11. On the other hand, if Carnival returns to pre-COVID numbers years down the road, you could make a nice profit. I don’t tell anyone how to invest their money, but the reason I am avoiding cruise line stocks right now is I have no idea when cruising will resume from the US and that obviously has a big impact on these stocks. 

[travelhound]

On 8/1/2020 at 3:58 PM, TNcruising02 said:

Every time certain stocks fall, I see it as an opportunity. 

Yup, but I don't think we will see significant upside potential until they announce a successful vaccine.  Hopefully that will come by the end of this year.

Edited August 3, 2020 by travelhound

[ano]

On 7/28/2020 at 7:42 AM, fyree39 said:

I was tempted, but bought Johnson and Johnson instead.

 

I sold Carnival and bought J&J also.  A very good long-term stock.  Initially when I bought CCL back when, I expected it would recover within maybe a year, but I no longer think that is the case. Even when COVID-19 finally gets in check, another virus could appear at any time, and the cruise companies are aware of that. The business model of cramming tons of people into cruise ships will not be possible in the future. Yes cruise companies will adjust, but the old days will never return.  To me, I think that is a good thing, as the last few years of being treated like cattle  has not been to my liking. 

[TNcruising02]

It's dropping and if it ever dips below $10 again, I will take the risk. 

[n6uqqq]

8 hours ago, PhillyFan33579 said:

I don’t disagree with anything in your post. However, for example, if you bought 100 shares of Carnival stock for under $10, you would lose less than a $1,000 if Carnival filed for chapter 11. On the other hand, if Carnival returns to pre-COVID numbers years down the road, you could make a nice profit. I don’t tell anyone how to invest their money, but the reason I am avoiding cruise line stocks right now is I have no idea when cruising will resume from the US and that obviously has a big impact on these stocks. 

I likewise do not tell anyone how to invest their money. It is like a giant casino the stock market. You are right about not losing too much on 100 shares. It is when you own a bunch in an IRA that you need to be more careful.