Hi friends,
I have was bottom fishing after the pandemic hit and I thought the cruise lines were heavily oversold, and would eventually return to their former glory, even if you had to wait it out a while.
I picked up Carnival (CCL) and Norwegian (NCLH), and sure enough, I did pretty well… until 2022 hit:
I got Norwegian in the mid teens, and it rose to an over 100% gain in a short amount of time. I did trim the positions a little bit ago, but have mostly held both, and they have crashed back down. I am now down 30% on the positions, so quite the swing.
However, I am thinking it might be time to add - what do you think?
Thanks for coming by,
Brian