Those of you who follow my blog, will remember me writing about the Archegos crisis and how I was looking for buying opportunities as a result of it.
I have decided to go long CS Credit Suisse, they have had to take massive losses in result of their involvement. But I’m happy they will retrace back up. Maybe quite quickly. I think all the losses are now priced in and with the price being at around $10 a share, I would look for a target of about $13-$15 depending on movements.
So looking at a 33% odd markup on my purchase before closing.