Replies to post #39230 on Savvy Trades and Investments

[nelson1234]

SBLK, CPTMatt, re "curious action in SBLK. Last time the BDI was this high SBLK was around $50"

Flip side to that is, the last time the BDI was this high, SBLK had less than one-fifth the number of shares outstanding then they have now. The Market Cap is actually higher right now, then the last time SBLK hit $50/share.

SBLK shares outstanding:

June 30, 2017: 63.3 million
year end 2016: 47.6 million
year end 2015: 39.1 million
year end 2014: 11.7 million
year end 2013: 2.8 million

[researcher59]

BDI -27 to 1476, finally a down day and overdue for a correction. My index of dry bulk shippers peaked up 47% YTD on 9/11 and has dipped about 10% since then despite the BDI uptrend. A divergence that probably reflected anticipation of a big pullback in the BDI ... it's had two 35%+ corrections in the past year. Eventually there'll be another, but looks good long term.

I've been adding trading shares in SB and SBLK on this pullback.

[beigledog]

CPTMatt...

How did you create the chart for SBLK stock price divided by BDI? I'd like to create a chart like that to compare two similar stocks.

Thanks