CLO 0.00% $1.46 clough limited

Hear Attack

  1. 730 Posts.
    Well,

    I bought CLO at between .51 and .53 on the day of its profit downgrade.

    I had a view that I would exit the following day, after it had already fallen by 30%.

    When Tuesday, CLO hit .465 I started to wonder whether there would be any recovery at all.

    Thank goodness I held on till yesterday and exited, recovering my money and making a very small amount of profit (literally less that ten dollars after brokerage).

    Bloody opportunism!

    I think I'll stick to trading warrants on fundamentals from not on.


    Regards,

 
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