Important Update

I have just put in a limit order for (FRO) Frontline to sell the stock at $47.10. I was mistaken regarding the ex-dividend date which is actually tomorrow! I expect the stock to fall a minimum of $2.00 tomorrow once the dividend pay-out is priced into the stock.

I guess if you are bullish on the tanker market you could hold longer to pocket the dividend, however my experience with this stock is that the payout of the dividend pulls the stock down much farther than the dividend amount over a period of days. I don't know if that will be the case, but I plan on pocketing my pennies here and running. If limit order isn't executed by lunch, I will sell at market.

Regards,

-BG