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Old August 23rd, 2011, 11:15 AM
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Paul Motter Paul Motter is offline
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Just FYI - I am a pretty active trader (which is why I never recommend people follow my lead). I sold my RCL when it was up 2 points from where I bought it just because I did not like the way the market was acting.

BUT - when you look at the dropping price of oil - don't you wonder if the cruise lines could possibly do better than expected? Fuel is SUCH a big part of their operating costs.

RCL is now at an incredibe $22.60 - a drop from $39.40 just about 7 weeks ago. Yes, I know it was downgraded, but in my mind this indicates oversold.

Anyone else thinking the same thing? Or is it going lower?
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