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Stunned Investors Reap 95% Gains On Defaulted Puerto Rico Bonds
I don't know why anyone's surprised. I sold off a PR bond at the end of last year for tax purposes. What better reason is there for PR bonds to double in price than that?
(A small position, made smaller by the low price. Twice very little is still very little, so I didn't lose much by selling.)
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(A small position, made smaller by the low price. Twice very little is still very little, so I didn't lose much by selling.)