On the Frontline

Yesterday I noticed that my Ask Jeeves shares had ticked up to almost $28 so I sold them for about 17% profit. I then plunged the proceeds into Frontline Ltd. I was a bit disconcerted when I was about to buy the shares that they had jumped up 4% at the market open but I took this as a sign of strength and carried on. They have since risen enough to cover the dealing cost and show a profit. Not a bad start.

The plan for these shares? I am happy to hold them and enjoy the huge dividends until the picture changes. I quite enjoy learning about oil tankers anyway!