Out of OSG

After moving my protect to 70.75 I've been stopped out of OSG today. 9.4% profit - not bad for something I dont truly understand.

But from the message boards, Ive learned the runup has come from the rise in spot day rates for VLCC's. From some article it looks like the rates have increased 3X. This seems too large a move, so I must not understand the article correctly or I dont know the volatility of the spot rates. In any case there are some sites that show the spot rates like:

www.platou.com/Houston/Tankers/RealTimeInformation
www.braemarseascope.com/market_information/index.html
www.dietze-assoc.com/rates_d.shtml
www.crweber.com

I need to spend some time here and understand what this information means.

OSG,OSG,OSG!!!

I have been in and out of OSG for a few trades now, and considering I dont understand this stock, I have been pretty lucky. But as of last Wednesday (11/21) the stock was at 59 and is now trading at 69.25 - thats a 17% increase. I bought in much earlier at 64.75 so I was down until this last week. This time I put a protect sell order at 67.75 so I can at least realize a 4.6% gain (which is what I was hoping for, actually 5%).

But I dont understand the recent runup in the stock. Everything else in the commodities market is down a lot and there is no news on this stock.

The only thing that I found is that this stock has been upgraded by Analyst

2007-11-26 Omar Notka (Dahlman Rose & Co) from hold to buy

But the stock has started this runup before his upgrade. In any case, a search on this analyst resulted in a very high star mining rating for him with this stock. In not exactly sure what that means, but I wanted to log this info to keep track of it.

Lets hope this keeps running, because my other dogs are going downhill.

Figure out Ensco (ESV)

Okay, I have not done much on this board, and in this month I have given away much of my profits that I spent a lot of time trying to accumulate.

Anyway, I am holding a lot of ESV. This is based on a recommendation by a friend who does a lot of work and research. The stock is a very cheap stock with great management and growth and trades at a PE of 7. It is a Oil Drilling company specializing in shallow water drilling. I dont understand much about this, but the stock has been stuck at 53 for some time now after being in a downward trend (during the time which I bought in - funny how that seems to happen).

Anway, the yahoo message boards for this stock are filled with people who seem to know what they are doing, and the biggest explanation for the drop here is that the big money managers are selling these companies to generate cash to pay for the subprime mess. If there is truth to this then I should see a lot of institutional selling.

I plan on looking through the sec 13-f filings and see if I can see what the general trend has been for the last period (7/07-9/07). If this is true, then there should be a lot of selling by these large institutions. At the same time, I should be able to see what they are also buying. If there is a correlation, then this should be very interesting and I will try it on a couple of other stocks. If not, then Ill ask the guru's on the message board and document my findings.

Hopefully I wont wait another few months before I post again.