Based on recent events the value of RCL should go down within this week and be a good buy-in. Once it hits around the $70 area (if we are still doing bad with the virus) I will sell some but keep most for that $100 + range.
Grab some before it goes up? Why would it go up at this point, the entire industry is dead? Q2 earnings and their outlook for 2020 is effectively null...
Bishmar
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@lordofthebags, well, have you thought that this idea that everything you just said already priced in? the only way these companies go out if they file chapter 11.
lordofthebags
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@Bishmar, no because 1.) earnings has yet to happen and 2.) equities are well over-priced. If I were long, it wouldn't be on an industry whose future hinges solely on a miracle cure. You're in a battle of what happens first... vaccine or bankruptcy. Anyways, have fun with this one lol
FramedLuxury
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@lordofthebags, I do not have many shares in the company when I say some I really mean only some. I go on cruises often and I know they are not going anywhere but back to see after the virus
oniru
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The analysis is based on the current trend of the price. Price is clearly going up since after Mid March despite earnings and industry trouble. There is no indication based on these trendlines that the price will go lower than the green line. With a stop loss this looks like a good trade to me. But once the market turns bearish I think this stock will probably be punished harder than other stocks.
FramedLuxury
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@oniru, Agreed, I have stopped buying into the bullish market as to keep liquidity high and once it goes bearish again I will be going in hard