Sold SkillSoft PLC

I folded on SkillSoft PLC (Ticker: SKIL) at $10.70 generating a 3.43% loss. After listening in on today’s earnings call, the probability of a higher bid is very small. You can’t win all the cards, but you have to know when to fold when the odds are no longer in your favor. The risk arb game is all about evaluating the odds and knowing when to go all in or fold. You need to have some chips to play another hand.