Frontline Sold

By on August 8, 2020

ShippingYesterday shipping company Frontline Ltd. (FRO), was sold at $8.20. The SMA portfolio is heavily weighted towards the shipping sector; an ill-fated decision I made at the market depths in March. FRO was a profitable trade, but not enough to justify the allocation shift.

The foremost analyst of the shipping sector, Joakim Hannisdahl, has a price target of $4.80 on FRO [link].

I’ll be looking at other opportunities in which to deploy this cash in the near future.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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