I disagree, all cruise lines holding July 19th support low.
hfarkhak
⋅
@ktaba, weak chart . clear head and shoulders . clear down trend . downgraded by Citi . they haven't made a Nickle for a year. lets see how it plays out.
ktaba
⋅
@hfarkhak this is a trading website, not necessarily investing website. So I am trading this and the rest of the travel sector. I am not a big believer in head and shoulders, very unreliable. All of the cruise lines trade together in a longer term chart, they do diverges on the daily and weekly. This sector has been getting downgraded all year and keeps going up. Debts is absolutely irrelevant in this case, neither is making money. That is already priced into the stock, bookings are extremely strong and anyone that knows the business knows that people that like to cruise as very loyal. Every single person you talk to wants to travel and revenues will come back. But in the short term, I see the entire sector going up 30% as vaccines increase, delta variant has already peaked, borders opening up, etc. like I said, as long as the July 19th low is held, this is going up. Stay long!
hfarkhak
⋅
@ktaba, price action is terrible man .. I am not married to particular position . I trade what I see and I see down . good luck to all
@hfarkhak, everybstock right now is getting blasted due to the Fed. Every single person I know has plans or is traveling as we speak. Life will go on and this virus is not going away and there will be more strains coming. We are starting to realize there has to be an acceptable level of risk. This variant is the best thing that has ever happened. It is replacing delta and since it’s not as deadly, this is what we need. Stay long. You have to buy when things seem the worst, I have been professionally trading since 2001. Stay long!
hfarkhak
⋅
@ktaba, thats great but look at my prediction.. press play and see the out come ... i am talking about a trade .. not a long term investment. // X MARKS THE SPOT. .. I am not married to any position but why go through the pain when its obviously going down?? if i am wrong in a trade .. i get out ... CCL has been getting smashed since sept... the rest of market made all time highs.. i might consider going long at 14 .. short puts until 14
ktaba
⋅
@hfarkhak, we’ll a trade can last a long time. I am still 5% positive on my long position and adding again if it dips. I don’t day trade, but I do stay in positions for a few months on trades. Again, I’ve been doing this successfully for 20 years so I am comfortable with my decisions. Anyone can be wrong for a few weeks or even a month. But you have to take the pain if you want alpha gains. This is all omicron related and this too shall pass. I bought on the last dips and made a shit ton of money. Omicron is not as deadly as previous strains and I look at the TSA bookings and travel numbers and they are very strong.
hfarkhak
⋅
@ktaba, your july 19 support got smashed .. i agree cruise lines will get back to normal eventually someday .. but not anytime soon .. the chart does not lie.