Hear Attack

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,