Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Excellent! I'll draw a picture for next week of the cup and handle! 😀
Agree! Breakout coming soon, IMHO, with potential 3rd above the cup edges at 1380-ish.
Have a good Easter break. JD
And to you, Bhants!
And back to charts, I see we have a splendid doji on the yearly. Upward trend still in place, as far as I can see, with 1380s on the cards. I'd be surprised if this trend breaks given where q2 sits with the summer...
Totally agree, Bot, and especially on keeping the discussion friendly!
J
This is looking very bullish to me. The thing is, the q1 results were bang on target, as far as i see. And the chart is still in place; so, less drama, more realism- hopefully - in the share movements. Steady as she goes!!
Totally agree. It's beaten expectations and the US seems to be realising it. Hopefully, there'll be three horses today taking it close to 17.80.
Holding the uptrend very nicely on the yearly. Hopefully $18 across the pond soon...
Here it comes now!!
Hi Bhants! To be honest, I can see this rocketing up! What's not to like in the results? I want to see the thing testing 1300. They've been filling gaps from Christmas and the Americans are about to jump into their gap from under 1680, from what I see.
Course it is. Have seen far worse share performances on results! They're not getting my shares!
Consensus btw, not concensus!
I agree, Sundenza. This all seems very strange to me; why not simply announce this ship order tomorrow along with the results? I'm cynical: nothing happens by chance. Calculated timing is operating here, IMHO.
Getting back to the chart, interesting that it's still holding well. Yes, I know, not holding at 1260, but we've simply retreated to the resistance on the monthly, exc;uding the spike. If it keeps this track, I'll be pleased.
In terms of brokers, I'm pushed to find one that actually predicts things accurately, but the general concensus is up from what I see. Mizuho is buy with $21 as per today. And a very interesting piece in Investing.com yesterday where it indicates that the majority of brokers have accuracy predictions in only the 60% - they're gamblers!. One of the most accurate listed is UBS with a target of $20; their accuracy rate is currently 82%.
As I said before, I want to see if it tests the two peaks. We are on the shoulder currently, so let's see...
Isn't it incredible, Bhants. Well, let's follow in the late Charlie Munger's very wise footsteps and, as he advocated, take the opposite stance to what we originally think. As such, we could say that it's positive that CCL doesn't give a stuff about its shareholders: they don't need us - they're making far too much money. Unlike all of the dreadful companies that I used to trade as a youngster that were always needing shareholder money because they couldn't last two minutes. So, hopefully, CCL will grow like RR., and reward us for our patience through these choppy seas!
And Bhants, you're absolutely right: shareholders own the company, so management cannot arrogantly disregard shareholder concern. They should be making every effort to reassure holders, especially when the shareprice has been savaged since Christmas. And why has it fallen off the edge of a cliff? Oh yes, of course there would be a pullback. However, the debt is known already - it's priced in, surely? And the Red Sea - let's be serious, the boats are fully laden! And why is more not being made of why the CCL shareprice drops so disproportionately as soon as inflation appears to disappoint: cruises have never been so popular! I can only assume there are other motives here! These points have been raised here before many times, of course...
Also in my mind is how brokers suffered dearly last year with CCL. Wasnt it the 2nd most shortest share or, at least, one of the most shorted? Then, CCL kept going up, contrary to the opinion that folk couldnt afford a holiday. Can't wait to see what happens on 27th!
Good morning! There's trickery going on with this price, IMHO. Two very upbeat posts on CCL recently: William Blair expects Q1 outperformance; Macquarie cuts anticpated revenue to $5.6 billion (from 5.7) due to"additional operational costs for the ships" and the "Red Sea Crisis"! Perhaps the latter was being used to knock things, coupled with the rates last week in US, coupled with the Fed stuff this week (where we are waiting, yet again, to see how the Fed has a direct connection with CCl, which is fully booked). It is absolutely laughable!
I hope Carnival cruises are less bumpy!
Of course, Bhants!!! Well, that's a lot of heavy lifting for you alone! And what if it goes beyond 17!!!!