CharlieLedleyandJamieMai, twoinvestors with a penchant for finding mispriced options, reckoned thatcredit-defaultswapsonmortgage-backedbondswere just too cheap a trade to passup.
CharlieLedley and Jamie Mai, two investors with a penchant for finding mispriced options, reckoned that credit-default swaps on mortgage-backed bonds were just too cheap a trade to pass up.
Michael Chopra and Joe Ledley twice put Cardiff ahead with crisp strikes but a Charlie Adam free-kick and a close-range finish from Gary Taylor-Fletcher drew the Lancashire side level on each occasion - before Brett Ormerod struck the winner shortly before the interval with a low strike.