RE:In my own defenseOK. You are hedging your CXR position by shorting CXR? Is that what you are saying? I have never advocated that, aside from the fact that it makes no sense. If you are shorting when you hold shares, the net effect is the same as if you simply sold shares and closed your position. Worse you incur the cost of shorting and the extra transaction costs. What i did say is that if you are worried about a market crash it was cheap to hedge this risk. This could be done with out of the money options on the broader market, which I didn't say but should be pretty clear. I had also in a previous post asked if others were hedging for market risk and how, as I thought it was good information in volatile times. At that time I offered that I held shares of 3x inverse S & P 500 ETF. That is the extent of what I have said about hedging. If you are going to quote me please repost my quote in its entirety as I do not want to be accused of condoning a hedging strategy that makes no sense. Either that or I am missing something entirely in what you are doing. If I am misunderstanding you please explain what you define as long and what you define as shorting. Regards, Marcel
select1011 wrote: Thanks to all who have offered support. To be clear, I am a long. I have also hedged my long by shorting in leas than 500 share amounts, as a hedge in volatile times. I think Marcel7 condoned this today in a post. As I have said I posts earlier this week, I am naked long. Everyone on this board is desperate for information at a time that is unlike any other that investors have gone through and this management at CXR has gone through. To hear that IR has said that they are "targeting the week of March 21" to report, dropped my jaw to the sub floor. I worry deeply that they haven't set a date, and cant today. All my other worries are in a pervious post. I will not lower my comments to a point of diminishing anyone on this board Everyone is welcome.