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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