I was quite surprised to see that CN Rail gained today when the Surface Transportation Board rejected its proposal for a voting trust for Kansas City Southern. Given that gain and an earlier gain today I decided to sell my CN shares. Perhaps I am being hasty as it is a great long-term hold. But I took this money off the table at a gain and will look to redeploy in another high quality company. It will be interesting to see how the market digests this news overnight. For whatever reason the impact was seen as negative on CP rail and positive for CN Rail.