Friday, November 18, 2016 10:33:28 AM
So now I have my 22,000 units of ALDW, cost basis temporarily $8.90 but due to drop back to $8.75 early next week when the 15 cent distribution arrives.
I hope everybody here sees that today's drop has nothing to do with the company. This is market manipulation by machines and,make no mistake---it takes human intelligence to run those computerized buys and sells---and even set-ups designed to frighten us sitting on the retail side of the market for ALDW.
This is how I was able to add to my position for I'm certain it's a safe bet I've made. I expected short term traders would sell off today to take their gains off the table instead of remaining at risk and thusly exposed. More the investor, myself, I was primed to jump into the ring and do a couple of my own swings. I'm pretty sure it will pan out to having become a good move. And rest assured that should ALDW drop back into the $8.60 range, I'll be a buyer.
So now I refocus on NGL despite a margin utilization of $11,300.
I'll unwind that soon but if NGL should drop to around $17?
You know it!!!
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