Friday, July 27, 2012

Sold A Little Nexen

I decided to reduce my risk exposure a bit and lightened up on my holding in Nexen, Inc (Ticker: NXY). I sold 1/3 of my position today at $25.76 generating a net gain of 0.43% over a one day period. I don’t want to ruin a good year so far with an unexpected blow up.

Edit: I sold some more Nexen at $25.83, which cuts my holding in this position to ~ 6%.


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