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CTRM

IMPORTANT day for CTRM Castor Maritime has to close above 1$Important day!! 10/10 days that we have to close above 1$ to keep it at NasDaq. But...! Only buy at the end of the day to let it run to our target. The closure above 1.00$ is the most important. What happens throughout the day is unimportant in my opinion! I have taken a close look at this company. In my view, the rise will continue uninterrupted unless the entire market has a dip day that pulls CTRM down with it, but that is a healthy correction. The company continues to purchase ships, which will be very good for their revenue stream in the long run. However, the earnings that are released on 3/3 may disappoint somewhat, because of the purchases the cash may be lower or the debt may be higher. Depending on how they bought it. There is enough cash, but long-term loans are also possible to finance these purchases. I am very positive about CTRM so i will keep them for the long run. From 1 dollar a lot is possible in a positive way. For example, look at the increase in Fuel Cell stock (FCEL), 1000% within 6 months. I see something like this possible with CTRM.
NASDAQ:CTRMLong
by Amsterdamn
22
Got stuck on SNDL ? want to jump in on the pump ? full analysisSNDL let's jump in! Technicals : 1. Stock had a motive wave – we can see its not an impulse wave but a regular motive because the stock doesn’t fit the golden rules of impulse wave by Elliot's theory. - In the duration of 2 days the stock made a move of 231%. - RSI OVERBOUGH during the whole period - ADX way above 40 middle line – asset extremely trending! - VWAP below candles meaning traders are buying in a higher price then avg - POC (red line) WAY below the price action (note this is the visible range so it includes all of Feb volume) Conclusion: Asset was trending in extreme hype (Sentiment) just like my cover on HCMC from yesterday -we are looking at pure hype and no real catalyst – overvalued. 2. Correction wave – as we predicted in the union group this is a correction wave – NOT a pullback the difference is pullback is healthy but what we are seeing here is a stock dump. - In the duration of one-day stock corrected down 43%. - Notice RSI not oversold – asset value avg still high (RSI settings is 14) - ADX not trending anymore – going into the lower half (below 40) - VWAP way above price vol level - POC (red line) still lower than asset price (note this is the visible range so it includes all of Feb volume) - Chart clues: no higher wick on the highest candle in the trend showing no struggle between buyers to sellers – very bad indication – this is as if everyone pulled out together and turned from bulls to bears at the same time! Conclusion: asset was dumped either in coordination or in a domino effect – which is more likely – traders so money pulling out of the stock and it caused them to pull out as well and cause asset value to drop significantly and rapidly – pump and dump style This means a lot of traders that bought high were left ‘holding the bag’ as is common in a pump and dump and that is why we train our traders how to spot clues on the chart and in volume readers to know when they should pull out as pump and dump is super high risk! Volume analysis: AVG 3m: 552M Last week of trading avg: 630M (estimate – not way to know the accurate number) High peaks : 10th of Feb: 758M 11th of Feb: 1.05B !!!! notice this is DUMPING volume !! pump and dump clearly! In the chart I have described 2 possible outcome – obviously can only go or down but how do we know which one it will be : Good scenario: If we see asset price cross the $ 2.60 and starts channeling sideways or keeps rising that means there is hope for the traders stuck in the higher prices to get reached and get out – I don’t think it will go higher than 3.7$ -so if you get a chance to get out -go for it! if you are considering entering and you are not in – the price you want is $.260 ! not below it! Bad scenario: If we see asset price travel below 1.65 (below gap – yellow box) into the red zone market on the map this could be a time to take the loss and get out as the asset will trend down and side-channel there (hope I am wrong for your sake) if you want to enter the asset and you see it trending down consider waiting for it to land on the POC level at $1.25 ( remember POC is like a “magnet” and price will travel towards it), from there expect a longer hold till we get another rally on the asset unless we get catalyst news (fundamentals). This is the chart on a 1-week view to show the power of this sharp move: Important to note (taken from Seeking Alpha): “Sundial Growers (NASDAQ: SNDL) has priced a registered offering of 100M Series A Units, each consisting of one common share and one-half Series A Warrant to purchase one common share and 33,333,334 Series B Units, each consisting of one pre-funded Series B Warrant to purchase one common share and one-half Series A Warrant to purchase one common share.” Trade safe and be safe FDGT the traders union
NASDAQ:SNDL
by FDGT_academy
5
US Stock In Play: $CTRM (Castor Maritime Inc)$CTRM surprised with a further soar of +45.38% after the shipping specialist announced the purchase of new vessels. The most recent round of accumulation was previously highlighted on 2nd Feburary, with total gain achieved by $CTRM for 2021 stands at +811.01%. The accumulation of $CTRM was first reflected on 4th December 2020, followed by various rounds of stronger buy pressure experienced on 30th Dec 2020, 5th Jan 2021, 11th Jan 2021, 21st Jan 2021, 27th Jan 2021 and 5th February. At the current junction, $CTRM exhibited a similar Bearish Spinning Top candlestick pattern that was printed on 28th January 2020. Further negation of this short bearish signal requires $CTRM to clear $1.95, with the immediate resistance ahead set at $2.40
NASDAQ:CTRMLong
by jfsrevg
2
Castor Maritime INC.I'm just publishing a quick markup of Castor Maritime Inc. $CTRM engages in the provision of shipping transportation services through it's ownership of dry bulk vessels. They also offer seaborne transportation services for dry bulk cargo including iron ore, coal and grain. I came across this stock when someone from this financial group I'm apart of mentioned it in the forum. At the time it was trading at $0.3006 per share, but it's raising fairly quickly. Price action recently broke market structure with very strong bullish momentum and it's currently heading towards a pivot area. I would look to shave off some profits from any open positions, read the tape and allow the rest to ride with the rally. We shall see..
NASDAQ:CTRM
by ChrisJTradesFX
8
US Stock In Play: $CTRM (Castor Maritime Inc)$CTRM continues its momentous ascend of share price with an overnight rally of +14.53%, closing at its 7 months high of $0.71. This accumulates to a total gain of +272% since the start of 2021. The accumulation of $CTRM was first reflected on 4th December 2020, followed by various rounds of stronger buy pressure experienced on 30th Dec 2020, 5th Jan 2021, 11th Jan 2021, 21st Jan 2021 and 27th Jan 2021. At the current junction, $CTRM remains inside a Bearish Spinning Top candlestick pattern that was printed on 28th January 2020 due to news of restricted trading on $CTRM for being one of the reddit’s WSB target. The negation of this short bearish signal requires $CTRM to clear $0.90.
NASDAQ:CTRMLong
by jfsrevg
8
Will Get Pumped Soon. Near The Bottom Of It's Range. No VolumeOne of those Greek drybulk shipping stocks. A new one on the block. Thalassa Investment Co. S.A.(of the Democratic Republic of Liberia) owns 1,124,094 common shares Universe Shipping Inc.(Republic of Marshall Islands) owns 235,200 common shares Common shares outstanding is currently 2,400,000 " We are incorporated in the Republic of the Marshall Islands, which does not have a well-developed body of corporate law, and as a result, shareholders may have fewer rights and protections under Marshall Islands law than under a typical jurisdiction in the United States". Shareholders' Equity: $9,474,582 6/28/19 We have entered into an equity distribution agreement with Maxim Group LLC pursuant to which we may issue and sell up to an aggregate of $10,000,000 of our common shares. Maxim Group LLC may sell our common shares by any method permitted by law deemed to be an "at-the-market" offering (F-3 approved by the SEC on June.21st for 100 million). Commission equal to 3% of the aggregate gross proceeds Doesn't get more obvious than this.... Our Chairman, Chief Executive Officer and Chief Financial Officer, Mr. Petros Panagiotidis, may be deemed to beneficially own, directly or indirectly, all of the 12,000 outstanding shares of our Series B Preferred Stock. The shares of Series B Preferred Stock each carry 100,000 votes. 1.2 billion votes.............Better believe the SEC will be watching this closely. There is a huge risk of a trading halt. This guy is sloppy, and clearly doesn't care about subtleties. If it starts to go supernova, like 200% or more, immediately sell. Even 150%. Don't push your luck
NASDAQ:CTRMLong
by InteractiveSwingTrading
4
$CTRM Bases at Support for Next Leg Up PPS Target Still $8.00+Algoritmic Entities Brought Castor down to the $6.00 support earlier today and bounced it off it nicely after which NSDQ known for driving the stock up or down accumulated shares at that level and begun slowly pushing the stock up on bid. I do believe she is ready for the next leg up and have accumulated all I could. Remember the stock started trading on the NASDAQ in Feb of this year and has already had 4 major spikes. I anticipate another one should be coming within the week given the Baltic Dry Index has been on a tear since Feb. I also anticipate more updates from the company since it is newly trading and just launched their major ship in March. Happy Trading!!!
NASDAQ:CTRMLong
by StockGuild
$CTRM Turning $6.50 Resistance into Support Heads towards $8.50$3.96 Mil in Revenues $980K In Net Income $9.6 Mil in total assets for 2018 with only 149K in total liabilities for 2018 O/S: 2,400,000 Float: 500,000 1. New contract recently for 11k a day in revenue for 8 months 2. 50% of the O/S is locked 3. Restrictions on owning more than 14% of the O/S implemented by management to protect shareholders. 4. Low float 500,000 O/S 2.4 mil 5. Freshly brought on to the NASDAQ Feb 11th. 6. The huge pop from $4.89 to $18.99 on the 11th of March was more than likely due to the recent contract news. Then flippers sold it back down to bottom at $4.00 where it’s steadily increased back up. 7. Filings go all the way back to April 11th of last year even though the actual ticker hasn’t been made public until last month. So I’m assuming maybe some news on the one year anniversary of when filings dropped. Petros Panagiotidis 27, is the founder of Castor Maritime Inc. He has also served as the Chairman of the Board and has served as our Chief Executive Officer and Chief Financial Officer since our inception in September 2017. Mr. Panagiotidis has been involved in shipping and investment banking for more than 5 years, during which he has held various positions in finance, operations and management. He has graduated with a Bachelor's degree from Fordham University in International Studies and Mathematics and he earned a Master of Science degree from New York University on Management and Systems with a concentration on Risk Management. Dionysios Makris, Secretary and Class B Director Dionysios Makris, 37, is a lawyer and a member of the Athens Bar Association since September 2005. Mr. Makris is based in Piraeus, Greece and is licensed to practice law before the Supreme Court of Greece. He practices mainly shipping, commercial, real estate and company law and has substantial involvement both in litigation as well as in transactional work with the Macris Law Office, where he has worked since September 2011. He holds a bachelor of laws degree from the University of Athens and a Master of Arts Degree in International Relations from the University of Warwick, United Kingdom. Georgios Daskalakis, Class A Director Georgios Daskalakis, 28, has been a non-executive member of our Board since our establishment in September 2017. He has spent all of his professional life in the shipping industry. From May 2013 to January 2015, he was an insurance officer at Minerva Marine Inc. From January 2015 to March 2017, he served as a tanker operator at Trafigura Maritime Logistics PTE Ltd. He is currently a Commercial officer of M/Maritime Corp. in Athens, Greece. He holds a Bachelor's degree from Babson College with a concentration on Economics and Finance and Master of Science degree in Shipping, Trade and Finance from the Costas Grammenos Centre for Shipping, Trade and Finance, Cass Business School, City University of London. Castor Maritime Inc. Announces Time Charter Contract for MV Magic P with Oldendorff Carriers Limassol, Cyprus, March 14, 2019 – Castor Maritime Inc. (NASDAQ: CTRM), (the “Company”), an international shipping company specializing in the ownership of dry-bulk vessels, today announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P. The gross charter rate is US$ 11,250 per day, for a period of a minimum of five (5) months up to a maximum of about eight (8) months (for the first 30 days period the daily gross rate is US$ 9,000). The charter commenced on March 12, 2019. The “Magic P” is a 76,453 dwt Panamax bulk carrier built in 2004 in Japan. All things being equal, this employment is anticipated to generate approximately US$ 1.60 million of gross revenue for the minimum scheduled period of the time charter and could reach US$ 2.60 million should employment be extended to its maximum period. We cannot guarantee that any such extension will occur. BALTIC DRY INDEX: As can be seen by the below image the Baltic Dry Index has crossed over on the MACD for the first time in almost a year. The PARSAR is also about to flip and it has been on a steady uptrend since February. I predict a slow and steady uptrend in it back to 1,500 by Summer and a possible break to 2,000 by EOY, which should enable Shipping stocks to 5x-10x their current PPS
NASDAQ:CTRMLong
by StockGuild
1
$CTRM $3.9 in Revs $980K in Net Income $9.6 Mil in Assets1. Recently acquired a new contract for 11k a day in revenue for 8 months 2. 50% of the O/S is locked 3. Restrictions on owning more than 14% of the O/S implemented by management to protect shareholders. 4. Low float 500,000 O/S 2.4 mil 5. Freshly brought on to the NASDAQ Feb 11th. 6. The huge pop from $4.89 to $18.99 on the 11th of March was more than likely due to the recent contract news. Then flippers sold it back down to bottom at $4.00 where it’s steadily increased back up. 7. Filings go all the way back to April 11th of last year even though the actual ticker hasn’t been made public until last month. So I’m assuming maybe some news on the one year anniversary of when filings dropped. 8. The Baltic Dry Index has found support since the start of March and has slowly been making its way back up. I expect 1500 by Summer and the possibility of 2000 by EOY investorshub.advfn.com
NASDAQ:CTRMLong
by StockGuild