the stock now is a perfect play to SHORT, the chart short term is terrible, if i knew what i was doing i would short CLO at $1.16, im 90% sure it will hit $1 soon on purely technical selling, and might even hit 90c or so.
If it goes back up to $1.30 i would be even more sure of shorting it, and it would make a nice little double top.
findermentally i think the co. is in very good shape and is making alot of money, but i would still short it here as we all know the market is nothing but a game nowdays with bots running the show.
CLO Price at posting:
$1.17 Sentiment: ST Sell Disclosure: Held