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.
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