re: clough makes 7 month high
One of the reasons for the choppy trading is tax selling and then tax buying. Saw one player dump 300k down to 50 and then turned around and then proceeded to buy the position back at a higher cost then the proceeds of the sale only seconds earlier. There were real deals to be had if you were on the bid at 50 - 54. This happened last friday I believe. It looked like there was a bit of that going on today as well, but is finished now. I expect CLO to rally to at least 60 cents tomorrow, only my opinion based on chart/tech. I bought in at 54. Good luck with this one. The cup certainly appears more half full then half empty at the moment.
CLO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
