Alon USA Partners, LP (ALDW)

[jugs]

I extended my holdings last week, using margin for $11K. I sensed we were coming to a fork in the road that would soon close off options due to higher valuations. Glad I did as today got pricier for sure.

$10/unit is fast approaching and I think we'll be there next week, sometime. I'm not lusting for higher prices as I have no intention of selling any units this year. I expect to wait until September of 2017 before taking any sizable action. Of course, this all comes under scrutiny if I stumble across something that can compete with the promise and resultant allure I find in ALDW.

We've climbed so much over the past few weeks, I wouldn't want to see a lot of new folks climbing on board with large cash outlays---although I'd vote for their starting positions when none are present. Still, I'd limit size of positions to just a thousand or so units. At some point I think we should expect a pullback. We may revisit the $8.50 range again. And, yes, I'd be a buyer at something a bit under that, perhaps in the $8.35 area.

It's a great ride we're on! You gotta love it. Good to see you're in the thick of it.