RE: RSI cooling down11 Mar 2021 19:21
Made a significant amount of money on the first big SAGA bounce following the RI last year. Missed the boat (quite literally) for the second big bounce following the dear leaders reopening speech in the commons a few weeks ago.
I foolishly managed to convince myself travel stocks would likely pull back because there was still great uncertainty over foreign holidays this year. Never seems to work out well when you try and second guess the market.
Since then, I’ve been patiently waiting for a retrace before buying back in again. Today, I finally caved in and took up a smallish position at 380 p. If it continues dropping then I’ll keep adding on the way down. Given where we now are, I can’t see it going any lower than the 320 to 350 range this time round.
My 6 month price target is 500 to 600 and a 2 year price target of 800 to 1200. I really like the companies diversified product portfolio, strong brand and new state of the art cruise ships. Very reassuring that the maestro RDH is now back at the helm. Plus getting old in the UK is obviously a growth industry.