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#41
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Time to buy?
On Thu, 20 Nov 2008 19:26:09 -0500, Brian
wrote: On Thu, 20 Nov 2008 09:25:48 -0600, "George Leppla" wrote: After 9/11, sales died for 3 months. Then the cruise lined dropped prices drastically... I remember selling 7 night cruises for $290. At that price point, people who never thought they would go on a cruise ship decided to try cruising. The influx of new cruise passengers in the following 12 months built up the customer base enough that the cruise lined entered a phase of expansion. Now they have the ships and the bottom has fallen out of the market. Same as 9/11... next year there are going to be some terrific cruise deals and more people will try cruising. In a few years, things will be back to normal... at a higher level than before. Oh... the downside is that when eh cruise lines have to cut fares like this, the look for additional ways to "enhance onboard revenue". Look for them to come up with more ways to separate you from your cash once you are on the ship. I hope you are right in that things will come back like they did them but I'm getting increasingly pessimistic. There have been several drops where the market lost close to 50% in value, and in each case, the recovery went to a higher level than it's previous high. The last two crashes were in 1987 and 2000-2001. -- Neal Experience is that marvelous thing that enables you to recognize a mistake when you make it again. |
#42
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Time to buy?
According to RCI's SEC filings, Adam Goldstien thinks the time is
good, he just bout over 10,000 shares today as it began to move back up. He's up to just over 151,000 shares. I'm off a bit on the numbers, I am quoting from memory after reading the filing. NWLB ********************************************** http://www.RoyalCaribbeanFan.com |
#43
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Time to buy?
If your over 50, don't get in to the stock market.....senior
"NWLB" wrote in message ... According to RCI's SEC filings, Adam Goldstien thinks the time is good, he just bout over 10,000 shares today as it began to move back up. He's up to just over 151,000 shares. I'm off a bit on the numbers, I am quoting from memory after reading the filing. NWLB ********************************************** http://www.RoyalCaribbeanFan.com |
#44
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Time to buy?
On Fri, 21 Nov 2008 10:43:35 -0500, Neal Eckhardt
wrote: On Thu, 20 Nov 2008 19:26:09 -0500, Brian wrote: On Thu, 20 Nov 2008 09:25:48 -0600, "George Leppla" wrote: After 9/11, sales died for 3 months. Then the cruise lined dropped prices drastically... I remember selling 7 night cruises for $290. At that price point, people who never thought they would go on a cruise ship decided to try cruising. The influx of new cruise passengers in the following 12 months built up the customer base enough that the cruise lined entered a phase of expansion. Now they have the ships and the bottom has fallen out of the market. Same as 9/11... next year there are going to be some terrific cruise deals and more people will try cruising. In a few years, things will be back to normal... at a higher level than before. Oh... the downside is that when eh cruise lines have to cut fares like this, the look for additional ways to "enhance onboard revenue". Look for them to come up with more ways to separate you from your cash once you are on the ship. I hope you are right in that things will come back like they did them but I'm getting increasingly pessimistic. There have been several drops where the market lost close to 50% in value, and in each case, the recovery went to a higher level than it's previous high. The last two crashes were in 1987 and 2000-2001. This situation is nothing like the last drops. The chickens have finally come home to roost on 3 decades of a failed supply side economy, lower wages or Americans, globalization and using credit to balance out demand with supply. Thumper |
#45
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Time to buy?
No nne over 45 should gey in to the stock market...senior
"Thumper" wrote in message ... On Fri, 21 Nov 2008 10:43:35 -0500, Neal Eckhardt wrote: On Thu, 20 Nov 2008 19:26:09 -0500, Brian wrote: On Thu, 20 Nov 2008 09:25:48 -0600, "George Leppla" wrote: After 9/11, sales died for 3 months. Then the cruise lined dropped prices drastically... I remember selling 7 night cruises for $290. At that price point, people who never thought they would go on a cruise ship decided to try cruising. The influx of new cruise passengers in the following 12 months built up the customer base enough that the cruise lined entered a phase of expansion. Now they have the ships and the bottom has fallen out of the market. Same as 9/11... next year there are going to be some terrific cruise deals and more people will try cruising. In a few years, things will be back to normal... at a higher level than before. Oh... the downside is that when eh cruise lines have to cut fares like this, the look for additional ways to "enhance onboard revenue". Look for them to come up with more ways to separate you from your cash once you are on the ship. I hope you are right in that things will come back like they did them but I'm getting increasingly pessimistic. There have been several drops where the market lost close to 50% in value, and in each case, the recovery went to a higher level than it's previous high. The last two crashes were in 1987 and 2000-2001. This situation is nothing like the last drops. The chickens have finally come home to roost on 3 decades of a failed supply side economy, lower wages or Americans, globalization and using credit to balance out demand with supply. Thumper |
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