Member Info for JonathanDrennan

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!!!!

Hello All: I'm feeling reasonably positive about things this week. It's certainly good to see that CCL has maintained its upward monthly trek this week (with parallel resistance and support holding). We were in touching distance of 1200 on the upper track, and the unexpectedly high inflation has given the MMs a wonderful opportunity to drop to the support (closing the gap on Carnival from 13th March today and also the one on Canival Corp yesterday). So, with these closed, and results pending on 27th (I think), fingers crossed for a re-testing of the upper 1300s, perhaps breaking the double top, at last.

Have a great weekend! JD

Yes, indeed! Nice excuse for the MMs to fill that gap from 13th March!

Sorry: US

Yes: wholesale inflation advanced 0.6%; 0.3-ish expected, I think...

Hot inflation...

Indeed. And with such little time to the results, I wouldn't fancy being short here!!

It's also helpful to have the extra hour overlap between US and UK. Less opportunities for gaps up and down to fill, imo.

Possibly two things hastening the motion today: the RNS clarifying the reporting date, then, of course, Goldman S flagging the growth in cruise lines generally; importantly, too, they think the growth has legs.

I was feeling confident yesterday about the push with the bullish penant.

Going by the chart, we should be moving beyond 1400 soon (post results, if the debt doesn't sour the figures).

Totally agree, Bhants! In my opinion, we are in the place where others, in months to come, will regret not having been involved! I remember investing in RR below the £ wondering if the company would make it. Look at it now! I also remember trading CCL in 2020 at far higher numbers than presently at a much bleaker time in the company's history. I've traded this share so many different ways: it can be a swing trader's dream, then, suddenly, it spikes making any gains inconsequential. Interesting that it hasn't dropped (at least yet) to a support around 980 on its yearly; clear support/reversal north showing on the 5yr. At the moment, it looks to me that we are on the monthly support, with resistance around 1200, which I'm sure a lot of us were hoping to see last week. Fingers crossed, as ever...

Of course, Bhants! Must be optimistic on this. The sitting around the support is a real bore, though!! Looking forward to the trading statement. Our cautious friends across the pond appear still to be worried about rates; honestly, going by the demand for cruises currently, Carnival and others will need more ships for the bookings when the rates drop further! 😀