$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!!!
Shipping
$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
$CTRM Setting Up for Its 3rd $6.00 - $18.00 move in 3 monthsChart and Volume have been substantial and 3 white soldiers have built themselves on the chart leading credence to the fact we may see a substantial move upwards next week potentially hitting the $18.00 target or $10.00 target like it has several times over the last 3 months. Bought a big chunk today.
Will DDSI Shipping Give us a good Start?The newly listed company Diamond S Shipping Inc ( NYSE: DSSI ) is one of the largest listed oil and refined oil and refined oil tanker and oil tanker companies operating in the international maritime markets, crude oil refueling, refined oil and other products of the oil. DSSI owns and manages a fleet of 68 8-year-old vessels, consisting of two types of tankers: 16 crude oil tankers, including 15 Suezmax and Aframax ships, and 52 Medium Medium Medium Tanker Range (MR). DSSI made its first steps now at NYSE and we are hopping for a good start.
Neutral zone for Shreyas shippingAs can be seen the price is making lower lows, weaker than broader market nifty. However the taken support of the Cloud. Exit from the cloud will determine the trend.
$GLBS Excellent Overall Day from All time lows Uptrend Confirmed$GLBS Had an excellent technical day today. Breakout back over the cloud and major buying power into the close.
With financials dropping in the next few days there could be reason for this most reason push. The night before $TOPS financials dropped there was a major push the next day after Fins were released A/H's the stock saw a cumulative 150% move in two days.
$GLBS could be seeing a major technical push in addition to Moody's becoming bullish on the sector moving back up and the BDI becoming positive again all culminates in a possible ROI of 300% with $GLBS's current S/S.
$GLBS has always been one of the top stocks in the shipping sector.
Sentiment: Bullish
$DRYS Cloud Breakout and Positive Move Affirmation$DRYS had a good day today. We all know this stock and its shenanigans well, it seems the offering to Kalani might finally be paid completely off therefore the stock is showing tremendous strength as of lately. One thing to note is the Ichimoku Cloud break. The first time since the last break where the stock ran almost 100%. Also to note is that all levels of support held today and it's making higher lows. Overall it looks like an uptrend has been confirmed.
DRYS LongExperimenting with CM's Pivot Bands and noticed this set up. Will cut losses quickly with this, usually a P&D.
DRYS could take off with big newsNASDAQ:DRYS
With big news, new ship, and expanding into shipping gas Dryships Inc. could once again become a power house.
Golden Ocean OverviewGolden Ocean has managed to get above a previous tough resistance zone and attempted to break out further.
The first attempt failed.
So far have GOGL managed to stay above the previous resistance zone at about 4.
Baltic Dry Index has rallied more than 300 % since its bottom while GOGL has "only" rallied about 67 % so far.
There should be a further upside potential in this stock that has corrected significantly the last years.
The company delivered better than expected 3Q results. Along with outlook on further improvement in bulk rates, should encourage the stock to stay above the support zone and have a new attempt of challenging the next resistance/breakout zone.
Be careful with this one $FREEFThis thing has sketchiness written all over it. Twitter and Facebook and ripe with shills pushing this stock as the next big thing. IMO that is sometimes more clear of an indicator than any chart that a stock is doomed.
Yesterday this thing shot up 200%, and its got the potential for gains in the future, but it could also go tumbling back to 0.001 leaving you at a big loss in the process.
I followed this stock sometime back when it used to trade as ticker $FREE. I watched as the company made two 1/100 reverse splits, and I watched how the stock continued to plummet back to pennies each time.
I've never been one to discourage someone from having a bit of a gamble, you never really know, the right play and a stroke of luck could change your life forever. But be careful with this one folks.
Take profit or let it ride?Entered $SHIP yesterday at $5.69, woke up to exactly what I thought was going to happen. A pre market rally.
I'm contemplating selling here around ~$8 or potentially holding on to see if we can hit ten today/tomorrow.
I should probably stop being greedy and sell. We'll see.
Matson Stock In Ascending Triple Top BreakoutMatson stock has done an Ascending Triple Top Breakout. An Ascending Triple Top Breakout on a P&F chart is characterized by 5 columns. Of those 5 columns, three are X-Columns that ascend with each breakout, and the other two O-Columns are in-between the X-Columns.
Notice the P&F volume chart below that shows the buy side volume is climbing nicely as each previous top has been broke. Also, when the buy side volume flushes on a large spike, the stock pulls back. We have yet to have such a big buy side volume spike.
The quarterly EPS growth year over year is a stunning 276.5%. What is really shocking though is the EPS forecast hikes. About 60 days ago, the EPS forecast was $0.32. About 30 days ago, that was raised to $0.55. That’s an incredible +71.8% increase in the EPS forecast!
Source: www.guerillastocktrading.com
Teekay Tankers Stock In Energy FieldTeekay Tankers stock is in a giant Energy Field pattern where the energy builds as the stock consolidates over a long span. The chart shows that the stock is now in a continuation pattern (purple) as it tests critical overhead resistance.
Teekay Tankers trades in the Shipping & Ports industry which is turning around.
The P/B of 1.25 suggests the company’s market value is attractively priced in relation to the assets it has. The PEG of 1.48 suggests investors are not overpaying for earnings growth. The stock has an excellent P/E of 9.59 and a forward P/E of 8.14.
Watch out though for the high debt! Like most tanker stocks, revenue is often increased through the purchase of tankers which put the company in debt. The company has total cash of $162.8 million with a whopping total debt of $663.3 million.
Teekay Tankers has an impressive EPS growth of +760% year over year. The EPS quarter over quarter is up an excellent +29.4%, and the EPS forecast is rising.
Source: www.guerillastocktrading.com
LNG TRANSPORT IN INCREDIBLY HIGH DEMAND, HIGH YIELD GLOG IS THE COMPANY THAT SPUN OFF ITS PARENT COMPANY GLOP, WHICH USUALLY IS THE OTHER WAY AROUND HOWEVER ALTHOUGH ADVOIDING THE THREE MONTH RULE CERTAIN EXCEPTIONS APPLY....
IF A COMPANY HAS SUFFICIENT EARNINGS AND HAS ADDITIONAL REVENUE THEY WILL IMMEDIATELY PROSPER.
AS SHOWN IN THE FIB LINES ON AN INCREDIBLE UPTREND EACH MOVE BREAKS THROUGH ANOTHER FIB INDICATOR SHOWING TRUE STRENGTH. UNTIL A PULLBACK OCCURS THIS IS A LONG AND ACCOMPANIES GLOG WITH THE GROWTH ,DIVIDEND, AND CAPITAL APPRECIATION ALL THREE IN ONE MAKE THIS A GREAT HEDGE TO ISSUES INTHE POLITICAL WORLD ESPECIALLY WITH THE FOMC MEETING TOMORROW.
THIS STOCK , LP , WILL PAY APX A 7% DIVIDEND SO UNCERTAINTY IN MARKETS AND A SHORTAGE OF LNG ALONG WITH CAPITAL APPRECIATION AND GROWTH POTENTIAL MAKE THIS A MUST OWN BEFORE THE CRISIS IS SOLVED.
ANOTHER PICK FROM THE MAN, THE MYTH, THE MYSTERY "JACKIE MOON" TY JM