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Author Topic: SBLK - Star Bulk Carriers Corporation - NASDAQ  (Read 2498 times)
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Dunadoni
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« on: March 14, 2012, 08:07:29 AM »


Daily Chart: http://stockcharts.com/h-sc/ui?s=SBLK&p=D&b=5&g=0&id=p50221572889

Weekly Chart: http://stockcharts.com/h-sc/ui?s=SBLK&p=W&b=5&g=0&id=p96808328603

News: http://finance.yahoo.com/q/h?s=SBLK+Headlines

Business Summary: Star Bulk Carriers Corp., a shipping company, provides seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport various bulks, which include iron ore, coal, and grain, as well as bauxite, fertilizers, and steel products. As of April 21, 2015, the company owned 70 dry bulk vessels, including 1 Newcastlemax, 19 Capesize, 4 Post-Panamax, 20 Kamsarmax, 8 Panamax, 7 Ultramax, 10 Supramax, and 1 Handymax vessel with a total carrying capacity of 7.2 million dwt. It also provides vessel management services to dry bulk vessels.

Star Bulk Carriers Corp. is based in Athens, Greece.

Company Website: http://www.starbulk.com/en/home
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Dunadoni
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« Reply #1 on: March 14, 2012, 08:10:17 AM »

ATHENS, GREECE--(Marketwire -01/23/12)- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK - News), a global shipping company focusing on the transportation of drybulk cargoes, today announced that its Board of Directors approved the extension of the Company's Share Repurchase Plan, which has been in place since 2010, to December 31, 2012.

The plan calls for the repurchases of Common Stock for up to $30 million to be made in open market or privately negotiated transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to market and business conditions, applicable legal requirements and other factors. The plan calls for the repurchased shares to be retired as soon as practicable following the repurchase. The plan does not obligate the Company to purchase any particular number of shares, and may be suspended at any time at the Company's discretion. Any purchases under the plan are made at the discretion of the Company. The Company has made purchases under the plan and expects to report the aggregate number of shares purchased and the average price per share paid on a quarterly basis.

http://finance.yahoo.com/news/Star-Bulk-Extends-Share-iw-3937632324.html?x=0



 SBLK- from the conference call:

Since the extension of the repurchase plan, we have purchased 319,000 shares at an average price of $0.98 per share. We announced the repurchase plan on January 23, and on January 31, the trading window was closed for the reporting of our financial statements.

http://seekingalpha.com/article/372291-star-bulk-carriers-ceo-discusses-q4-2011-results-earnings-call-transcript?source=yahoo
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IdrA
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« Reply #2 on: March 14, 2012, 03:35:41 PM »

Can somebody comment on my technical analysis for this?

As of today's (March 14 2012) daily chart, this is what I see...
http://stockcharts.com/h-sc/ui?s=SBLK&p=D&b=5&g=0&id=p50221572889

Good:
- The chart tested the 0.880 or 0.877 support. It bounced and is on its way up.
- The MA50 looks like it's about ready to start moving up.
- There's a small gap at around $1 that it will fill.
- RSI is at 39 and pointing up.

Bad:
- PAR SAR needs to be broken?
- Not much activity in volume?

So is my following conclusion correct?: This is a good buy for a small quick profit. Don't expect a huge profit. Minimum target price for this is around $1.

I hope my TA is somewhat correct  Huh
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PaulPaulPaulPaul
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« Reply #3 on: March 14, 2012, 03:45:23 PM »

I think $1.00 will be tough to break.  The previous tops .95/.96, ma50 at 1.00, 1.00 bottom in August, and $1.05 Bottom in March '09.  I think it will need a large volume increase to break through.
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Dunadoni
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« Reply #4 on: March 15, 2012, 04:27:37 AM »

I think 25% is possible, just a quick trade.
Bought some at 0,92
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justonian
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« Reply #5 on: March 15, 2012, 08:44:35 AM »

That's pretty decent T/A Idra.  Only thing I see as inaccurate, is the gap.  The gap you're referring to on February 16th was filled 2 days later.
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Dunadoni
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« Reply #6 on: March 16, 2012, 11:08:14 AM »

1.01 nice
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PaulPaulPaulPaul
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« Reply #7 on: March 16, 2012, 02:31:26 PM »

Good stuff Dunadoni.  The volume today is big, as well as a nice gain!
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Dunadoni
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« Reply #8 on: March 17, 2012, 04:34:38 AM »

Good stuff Dunadoni.  The volume today is big, as well as a nice gain!

All shippers where doing well yesterday. 25% gain here should be possible
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Dr PennyStock
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« Reply #9 on: January 26, 2016, 07:16:53 AM »

It is trying to rebound, after a long down trend. On my watch list.
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