Sold NDS Group PLC and Bought Puget Energy

I sold my arb play in NDS Group PLC (Ticker: NNDS) today generating a gain of 6.84% over a two week period. I have no concerns about this merger, but I saw more opportunities in Puget Energy (Ticker: PSD). I rolled the proceeds from the sale of NDS Group PLC into more Puget Energy. I was a bit quick in projecting that the Puget Energy deal would close in two weeks. More realistically, it will most likely close at the end of January. In any case, I’ll take a 10% return in one month.