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How I'm gambling away my retirement fund in the stock market.

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Location: Toronto, Ontario, Canada

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Tuesday, September 27, 2005

BTE_U.TO - Sell


Chart of BTE_U.TO as of Sept. 28, 2005

Sell Price
$17.60 Cdn

Company
BAYTEX ENERGY TRUST
Open-ended mutual fund trust which through its ownership of Baytex Resources Ltd. earns an income which is used to provide monthly distributions to Trust unitholders. (i.e. oil/gas).

Reason
In keeping w/ my income trust liquidation strategy, today I dumped the red hot Baytex. As soon as I sold it, it went up another 60 cents in the intraday, but fell back to $17.80 at the close. Obviously Baytex could go higher, but I'd rather plow it into a natural gas play or something like Precision Drilling as opposed to this one. Will wait for a correction.

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