I posted on this last Wednesday, when CLS was trading at 38 1/4, while FLEX was trading at 44.
For the record here are pertinent portions of your post on 5/5. They are not consistent with what you allege after the fact:
But I think the best course is to hold buying power now, and wait for one of the quarterly sell-offs we seem to get. In fact, if FLEX tries to drop below 40, I consider it a preferable buy to SCI at 38-40, especially so for the long term.
No evidence of a short in this message, in fact, just the opposite. You advocate waiting for FLEX to drop below 40 to go long. The EMS stock you compare unfavorably to FLEX is SCI.
Later the same day you change your mind and allege a short transaction but, you fail to pin it down as CLS when it would have been logical for you to do so, if you had shorted CLS. This ambiguity, not the transaction, was your hedge.
Today, I did buy FLEX at 44, and I did short one of the EMS stocks as a pair trade. Right now CLS is a prime candidate to short versus FLEX.
Despite your protestations, your after the fact account is not credible. You had every opportunity to identify CLS as the EMS stock that you allegedly shorted. It is revealing that you did not. It is only today that you identify CLS retroactively as the alleged short. Now that you are on record, let's track the trade from this point. |
