TEN-MAN Clyde twice came from behind to earn a point at Broadwood.
Having gone into the break comfortably ahead, Stranraer were outplayed in the second half as a David Goodwillie hat trick cost them their first win in eight league games.
Stevie Farrell handed a debut to new signing Ryan Stevenson, with Scott Robertson returning from suspension.
Jamie Hamill and Ryan Thomson returned from injury to take a place on the bench alongside fellow new recruit Denny Johnstone.
The hosts went closest in the early going, Ally Love dragging a shot wide after an attempted bicycle kick by David Goodwillie.
Robertson was next to get a shot on target after driving forward from deep, but his low shot was well covered by former Blues keeper David Mitchell.
The game turned in Stranraer's favour on 20 minutes, as a clumsy Barry Cuddihy challenge on Andy Stirling saw the Clyde defender shown a straight red card.
The ten men of Clyde produced an immediate response to the setback, with Goodwillie striking the woodwork minutes later, but the Blues would score twice in ten minutes to take a healthy lead into the break.
Cameron Elliott was quickest to react after Andy Stirling's shot took a deflection, pouncing to head home his first goal since August.
And Jordan Allan doubled his side's tally after good work from Elliott and Jones to dig out an opportunity.
With just five minutes played of the second half Stevie Farrell swapped one new signing for another, as Stevenson made way for Johnstone, with both players bidding to return to full match fitness.
Anyone counting their chickens in the away end would soon be reminded not to take any lead for granted - even against ten men.
Adam Cummins was called into a last-ditch block to deny Clyde midfielder Mark Lamont, before Clyde clawed their first goal back.
Goodwillie, who scored five in the sides' previous Broadwood meeting, raced onto a long ball and lobbed Currie for the first of his hat trick.
Just before the hour mark, Robertson conceded a Clyde penalty after hauling Goodwillie down, and the forward made no mistake from the spot to level the scoring.
With Clyde pushing forward, Max Currie produced a good save from Tony Wallace before denying Goodwillie at the near post.
Robertson had a chance to amend for the earlier penalty after neat play from Allan and Jones, but lashed his shot just over the bar.
With just ten minutes remaining, Currie was the hero once more as he made close range stops from Wallace and Goodwillie, before Stranraer scored what looked to be the winner.
Former Blues goalkeeper David Mitchell dropped Jordan Allan's cross from a corner, and Elliott was in the right place at the right time to head home his second of the afternoon.
However, there was one final cruel twist in the tale for Stranraer, and it came from a familiar figure.
Goodwillie found space in the box and his header crept past Currie into the bottom corner to break Blues' hearts.
Although Stranraer and Clyde supporters will no doubt feel they should have gone on to win it, a draw was perhaps a fair reflection on the game as a whole.
With another point gained on 9th placed Forfar, the Blues will look to reduce the deficit further as we take on playoff contenders Montrose next Saturday at Stair Park.
Stranraer: Currie, Pignatiello, Cummins, Robertson, Allan, Hilton, McManus, Stirling (Thomson 62), Elliott (Hamill 83), Jones, Stevenson (Johnstone 52).
Not used: McIntyre, Dangana, Burgess.
Clyde: Mitchell, Cuddihy, Petkov, Rumsby, McNiff, Johnston (Smith 45), Wallace, Grant, Love (Wylde 70), Lamont, Goodwillie.
Not used: McMullin, Rankin, McNeil, Lyon, McGee.
Referee: Graham Beaton
Photos: Stranraer FC