Ali Baba is a tremendous value at these prices. The company is fundamentally sound with e-commerce, financial and cloud services. The question is where is the bottom. I strongly believe that the bottom occurred yesterday when the daily candle formed a hammer and the bottom of the candle bounced off the 150 day moving average. Furthermore, the 150 ma was retested...
So CCL has had a drop down with all the bad news this past week. First Norweigan said they would not sail until October (which brought down CCL, NCLH and RCL), then CCL posted higher losses this quarter and finally the overall cruise association said no North American cruises until September 15. So with all this bad news in one week where does this put CCL, well...
