RE:Reduced My HoldingsI have also reduced my holdings on AC by 50% over the past couple of days. I increased my position on the Ithaca energy train just in time by the looks of it and I'm buying up bombardier as the next AC story a few years out. The rest is cash until Mid to late January to see if the market throws another tantrum like it did early this year after the rate hike in december. Still more upside to AC in the long term IMO if the market focuses in on the balance sheet. The risk here in the medium term is if the canadian dollar stays weak or gets weaker while oil prices continue to rise. Until now all we've known in terms of our dollar is that it goes higher when oil goes up and lower when oil goes down. Looking at the DXY index the USD is on a tear and has broken significant resistence following the US election. It appears if Oil goes up this time around the Canadian dollar may lag. That of course remains to be seen as other parts of our economy have most certainly picked up the slack.