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Bought CCL this morning at 12.28

Posted on 4/7/20 at 2:45 pm
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41758 posts
Posted on 4/7/20 at 2:45 pm
I've been strongly against the cruise line stocks lately but the hype around CCL over the past couple days convinced me to take a chance. Now I'm down a good bit.

I knew I should've never touched them with a 10' pole and now I have nobody but myself to blame. Anyone else lost money on them today?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30633 posts
Posted on 4/7/20 at 2:47 pm to
What was your reasoning for buying it at that price? You saw it was up like 25% right? You probably had FOMO, it happens to everyone. Either sell for a loss, learn from your mistake, and move on; or hold and wait for it eventually to go back up to your buy point. Could be tomorrow, could be a year from now
Posted by TxWadingFool
Middle Coast
Member since Sep 2014
4399 posts
Posted on 4/7/20 at 2:48 pm to
RCL up 14% today, been watching them but just can't commit to buying given what they are facing.
Posted by TheLSUriot
Clear Lake, TX
Member since Oct 2007
1507 posts
Posted on 4/7/20 at 2:55 pm to
I'm genuinely curious why you jumped in this morning. Wasn't CCL opening $2+ over yesterday's closing? Did you really expect it to take off today or this week? Not that I haven't been watching CCL, RCL, and NCLH. I'm waiting for them to bottom out again and if that doesn't happen then oh well.
Posted by Tri City Tigers
Member since Oct 2018
2343 posts
Posted on 4/7/20 at 3:02 pm to
Why are you buying on a bounce? Don't chase, brah.
This post was edited on 4/7/20 at 3:03 pm
Posted by Jag_Warrior
Virginia
Member since May 2015
4134 posts
Posted on 4/7/20 at 3:34 pm to
quote:

Bought CCL this morning at 12.28


As a trade or a long term hold?

But either way, I don't see it as the end of the world... unless it completely falls out of bed from here. For example (only), you could sell Apr. 17 $12.5 calls for about .90 as of today's closing price.

With the outrageous IV on this hand grenade (200%+), I might be tempted to do some option plays on it myself. But you need to have a plan on ANY trade *before* you make the trade.
Posted by cgrand
HAMMOND
Member since Oct 2009
38966 posts
Posted on 4/7/20 at 3:34 pm to
quote:

Bought CCL this morning at 12.28

hold up
you bought at 12.28
it closed at 11.30, you lost a buck a share.
it happens

its now trading at 11.45

now you're "down a good bit"?
did you buy 10,000 shares?
Posted by MillerLiteTime
Atlanta
Member since Aug 2018
2551 posts
Posted on 4/7/20 at 5:03 pm to
I sold CCL today. It's very hard to make money buying stocks on days they are up 25%
Posted by GeauxGutsy
Member since Jul 2017
4744 posts
Posted on 4/7/20 at 6:37 pm to
You should have touched them with a 10’ pole a week ago. It’ll come up, but a slow move up for sure. Let it ride if you can.

SSL changed my status today!
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71446 posts
Posted on 4/7/20 at 10:08 pm to
I bought a few shares earlier. Might grab more on the next dip.

I'm not looking to make money flipping stocks - I'm buying at long term lows for the long haul.
Posted by unclejhim
Folsom, La.
Member since Nov 2011
3703 posts
Posted on 4/8/20 at 6:26 am to
I wouldn't buy that with your money...
Posted by Kraut Dawg
Member since Sep 2012
4509 posts
Posted on 4/8/20 at 8:10 am to
(no message)
This post was edited on 11/8/20 at 4:32 am
Posted by AU4real35
Member since Jan 2014
16065 posts
Posted on 4/8/20 at 10:00 am to
quote:

I've been strongly against the cruise line stocks lately but the hype around CCL over the past couple days convinced me to take a chance. Now I'm down a good bit.


If you’re holding long then you will be fine. For the last month, cruise stocks have swung up and down. They will probably go back down, but eventually they’ll go up again. Be patient with it.
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 4/8/20 at 10:42 am to
Posted by cgrand
HAMMOND
Member since Oct 2009
38966 posts
Posted on 4/8/20 at 1:04 pm to
quote:

Bought CCL this morning at 12.28

up 5% today at 11.85
stay strong OP
Posted by cgrand
HAMMOND
Member since Oct 2009
38966 posts
Posted on 4/9/20 at 8:36 am to
quote:

Bought CCL this morning at 12.28

yer in the green!!!
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