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Time to jump on board & buy stock ?


tropicqueen

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I have been watching Carnival & RCL stock and along with everything

else it is down. I like the idea of getting the ONB credit for the amount

of stock you own. We are cruising in march on carnival for the first

time. Would like to get some stock and hold it until it goes up. In

the mean time we could enjoy the OBC when we cruise.

The advice is not good on carnival right now for buying, ok for RCL.

I think a vacation is the last thing to give up if you can.

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When we bought our stock it cost a little under 3,000. We have 2 cruises sched'd this year and so even if we don't get dividends we have already gotten 150 out of it. ($50 for the 4 day and 100 for the 7 day) 5% return regardless of what happens to the market this year.:)

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Strange that you ask. I had about $2350 and hoped to buy 100 CCL shares, but got impatient and bought 95 shares at $24.64. Put in a sell order at $27 and made a nice profit. The stock then dropped and I was then able to buy 100 shares at $24 with money left over. It's still hovering around the $24 mark and if you want the perks associated with owning 100 shares, you might want to jump in before it gets out of reach.

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I bought 100 shares recently at $25.50/share. Now I've been given the $250 OBC for my next cruise, so the actual price of the stock is $23/share. I usually cruise a couple times a year, so it won't take long to get my initial investment back.

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I have been watching Carnival & RCL stock and along with everything

else it is down. I like the idea of getting the ONB credit for the amount

of stock you own. We are cruising in march on carnival for the first

time. Would like to get some stock and hold it until it goes up. In

the mean time we could enjoy the OBC when we cruise.

The advice is not good on carnival right now for buying, ok for RCL.

I think a vacation is the last thing to give up if you can.

 

Most investors would DISAGREE with this statement, however. One of the first things to suffer in a recession is LEISURE TRAVEL AND ASSOCIATED INDUSTRIES(the strip in Vegas, usually packed with California cars on the weekend is almost deserted now). This "downturn" is far from over, IMHO. The So Cal building trades have been suffering for at least a year now, and its sure to filter down to the rest of the nation that hasn't experienced the slowdown yet. God forbid this blossoms into a full blown depression. :eek:

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