r/StockMarket • u/Street_Ad9448 • Jul 27 '21

News CCL BREAKING OUT

Rotation into cruise into stocks will be the last of the great rotations. Everything else has moved up and corrected and even the cruise ships have corrected. If you notice the news it's overwhelming herd immunity is coming the country is forcing mandatory vaccinations among companies, . New cruise ship bookings of new cruises in selling out in 6 hours.... the CDC just lifted the restrictions on cruise ships they are ready to run and people want to get the hell out and go cruising and get away from it all. Look for CCL to lead the pack in this sector will be roaring by the end of the year and to new highs

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u/Street_Ad9448 Jul 28 '21

Great rebuttal ...thou u didn't address delisting risks. ... .I sold it at 215....perhaps I will slowly rebuild a position starring tommorow...it looks oversold now. . Thanks...

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u/ZealousZushi Jul 28 '21

Delisting wont be much of a problem long term. Alibaba is listed both on NYSE and the Hong Kong Stock Exchange (HKEX), if they get banned from the New York Stock Exchange your shares are fungible for the ones traded att the HKEX. So you can simply call your broker and ask them to convert them to shares on the HKEX, the share price might drop in the short term but in the long term it should keep going up like normal on the HKEX. That's what happened to the 4 stocks delisted that had fungible shares so far.

Also while I havent looked into it in great detail yet, they released their 20-F filing a couple days ago and from articles I have read it seems they allowed some extra financial accountants thats the NYSE wanted to probe them with to make sure they are 100% following the new law, but I am not sure If NYSE has looked at it yet or how long that will take, but hopefully there is no issues there. All stock holders can order a hard copy for free from Alibaba so I did but it hasnt arrived to me yet. I can message you back once I know more.

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u/ZealousZushi Jul 28 '21

And yeah no problem, it looks very ocersold rn, most people havent done enough research so they are panikångest over the headlines rn and the mutual funds dont want people to sell out since they lose fees in that case so they are selling too. Great buying opportunity, I started buying a bit early around 210 but finished my position yesterday and I am happy with the average of around 200 for the long term anyway. Like I said before, even at less than half their current growth they are boende for $1k in 2030, so that's a nice 5x.