Well, my conscience won out and I did it! No margin, it's all paid off.
My gain comes to $1,631 and I'm loving it. It's been great fun, for sure. And now I sit on the edge of my chair as I await whatever comes down the pike in the days ahead. Frankly, I'll be surprised if NGL moves very much higher whereas I won't be shocked if units drift back a ways after having spiked today on the presidential election results.
At the moment I'm holding 5,311 units of NGL. With no debt, I'm prepared to take advantage (via margin) of any serious dips. A serious dip would be a drop into the $16-something range. It should be noted that for me to take a renewed plunge, it would have to be on the heels of a mathematical fluke of the no-fishy type---meaning the drop would have to occur without news.
This is most clearly an emotional market and when opportunities surface, enabling us to create new wealth, I think it crazy to not participate. So it was that on November 1st I thought it time to begin building out positions in NGL and ALDW. After all, we knew Trump is pro-oil, gas and coal. And Hillary couldn't possibly ignore the energy sector. Taking both their positions into account, I didn't see much likelihood for losing. And if I did? I doubted it would amount to much.
So now I've gained $1,600 with the 39 cent distributions coming in soon, my seed capital fully intact, and no debt. This is the sort of balancing act I especially love.
Make no mistake: I'll be doing this again and again, so long as opportunities for deals crop up. To wit:
NGL is going to play prominently in near term opportunities.
ALDW will, too, I'm pretty sure. For now, the bottom is $11.50 as I've been saying for a few months. And I continue to hold for what I'm expecting by next Fall---September of 2017.
There are other picks figuring into this strategy and I'll broadcast same on their respective boards.
I surely do hope others are doing something similar to my outpouring here. Not only is it great fun but it is nicely profitable with the most minimal risk attached. A week ago when I lunged after NGL and ALDW, I'd grown bored. It seemed that nothing exciting was happening. I wanted more excitement and decided I would do as I had done before over the years---by creating my own excitement. So I determined what I figured to be a reasonable trading channel for several picks. When NGL dropped into the upper $16's after allowing for the soon-to-be removal of the distribution, I felt it was time to act.
Good fortune to all!
