Banked my profit

Shipping Stocks: I'd Wait To Buy Frontline and Overseas

Bought FRO the day it was mentioned on MM in passing in the lighting round, Cramer sounded iffy, but the caller was right on with the earnings and the malarky of changes in oil policy. Jumped out at $65, I do not think the traders of this stock have the patience to let the stock get to $40 or $80 with the DD bankability. Entry point is $50~ trade at $65~ next round post DD kicker. Down side to below 40 is a possible rough air strike though I do not think this is the author's theory..