Not sure how much longer the cruise industry will get pummeled.
CCL
has seen high volume ever since the start of the Coronavirus pandemic; something may be building.
The stock is seeing and has recently seen its worst days ever.
The risk/reward on this is intriguing. If I bought the stock today I would buy it accepting the fact that I may take a 15% loss as I'd sell if it went below 8.50 USD per share. The sell target is right around or right before 15$ a share, and that is strictly the near term target. Near term for me means less than one year. It's very likely that if 15$ per share is reached it will continue upward, so a smart investor may only sell some of the stock that was bought in the 9 dollar range.
This is not financial advice. DYOR.
-Jack
CCL
has seen high volume ever since the start of the Coronavirus pandemic; something may be building. The stock is seeing and has recently seen its worst days ever.
The risk/reward on this is intriguing. If I bought the stock today I would buy it accepting the fact that I may take a 15% loss as I'd sell if it went below 8.50 USD per share. The sell target is right around or right before 15$ a share, and that is strictly the near term target. Near term for me means less than one year. It's very likely that if 15$ per share is reached it will continue upward, so a smart investor may only sell some of the stock that was bought in the 9 dollar range.
This is not financial advice. DYOR.
-Jack
Trade closed: target reached:
Well my lovely friends. 2 months later to the exact (basically) we hit our +50% target.
I am not surprised as anything I post with stocks on this account is something I firmly believe in. I will not post just to post. You can see my previous three (including this one) stock posts and their results. It was Tesla which rose over 1,000% from my initial call in May 2019. Then it was GE in October of 2022 which currently is up over 100% from that day. Then finally it was Carnival Cruise Lines. Easy 50% returns? Yes. Yes it was.
Thank you for your support.
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This is never financial advice. However, since our target was reached so quickly (not much quicker than I had initially expected), like GE, you can hold on to what was bought as we are so high in the profits right now it is advantageous to wait to sell for tax purposes.
Cheers everyone, stay healthy and kind to others.
I am not surprised as anything I post with stocks on this account is something I firmly believe in. I will not post just to post. You can see my previous three (including this one) stock posts and their results. It was Tesla which rose over 1,000% from my initial call in May 2019. Then it was GE in October of 2022 which currently is up over 100% from that day. Then finally it was Carnival Cruise Lines. Easy 50% returns? Yes. Yes it was.
Thank you for your support.
---
This is never financial advice. However, since our target was reached so quickly (not much quicker than I had initially expected), like GE, you can hold on to what was bought as we are so high in the profits right now it is advantageous to wait to sell for tax purposes.
Cheers everyone, stay healthy and kind to others.