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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (83316)1/2/2024 12:19:30 PM
From: Tweets Boar Hog  Read Replies (3) | Respond to of 98929
 
Would you or anyone else comment on this one, CTRM? Is there a big shark possibly forming? I don't do sharks but like the shark graphics some of you post.

I am very bullish the $BDI and BDRY, I think a big 4.5 and 9 yr low was put in, if so on its way to new all time highs. And there should be some bargains in the tanker patch.

CTRM is fairly recent, owns a fleet of dry bulk ships, awa a couple container ships, ~ 1.4 dwt metric tons. Did own tankers but split them off and formed TORO. Imo screwed the shareholders in the process. The split was finalized about April 2023, CTRM stock value was halved due to shedding of assets. Shareholders got TORO shares but the ratio was in main CTRM/TORO owner favor, heavily. I own a few shares bot near the (b) bottom, so I own some TORO too.

CTRM's fleet is not old imo. castormaritime.com

Be aware of Greeks bearing gifts?

Another one a bit like this one is GLBS, smaller fleet. Just following that one. Like CTRM better.

Tweets

Good things usually happen when the weekly Rsi rises above mid tine, and then especially if it stays there a spell. Nice pattern going on here. I have an ABC completed, plus a near perfect 4.5 yr cycle bottom at the C. Every investors dream to make a decent sized investment at a bottom like this, and over a few years see it go up 100 to 300 X. Sure looks like a big bottom is in, the OBV on this one looks good LT too. Been under net and heavy accumulation since the A bottom, and again since the (b) bottom. Sure looks like time to add.