Friday, 28 October 2011

Canadian Oil Sands Position

Sigh. I made a mistake on Wednesday. I sold my position in Canadian Oil Sands (COS.TO) for an 11% return (plus one dividend distribution). That may sound like good news to some of you, but I didn't intend to sell! The company still seems like a good play to me; I actually wanted to set a stop-loss to protect the profit but I wasn't paying attention and instead I sold the stock. Goes to show you that when it comes to investing, it's best to be vigilant. Hopefully this doesn't come back to haunt me!

-the Paperboy

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