Wednesday, October 31, 2012

Sold a Little Bit of Nexen

I continue to reduce my risk profile a bit by taking some Nexen, Inc. (Ticker: NXY) off the table. I sold some Nexen today at $24.10 against the position I purchased last week at $23.50 generating a net gain of 2.54% over a 9 day period (~101% annualized return). I still believe this deal goes through, but some are anticipating that a decision will be extended from November to December.


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