I recently sold the last of my position in Magna (MG.TO) @ $103. I will continue to follow the developments at MG, and look forward to being a shareholder again - at much lower prices. I still have exposure to the auto sector though GM (GM or GMM-U.TO) which remains good value, here at
$36. Good and cheap companies are getting harder to find. As a result, my level of cash is slowing rising. But there's always something to do - I've got a few ideas, but I'll move slow hoping for a sell-off.