ALDW is trying to lift itself above $10.50. It's going to do it soon, I'm positive. And it will happen, perhaps today. I'm not referring to an intraday high, mind you. Rather, I'm watching for a session close at or above $10.50.
Why is this especially meaningful? Because it reflects the investment community's accepting of a higher valuation. Once the community recognizes that ALDW deserves to be valued at anything above $10.50, there's nothing to block its move to $10.99.
Once we close above $10.50, the progression will be fairly straightforward. People will draw back as we approach a penny or two or three from blasting into the $11+ range. It's natural to grow fearful, especially when units have remained in a predictable range for awhile. After all, don't we grow accustomed to prices of range-bound stocks? And people tend to assign plateau values to stocks they hold. Part of this has to do with fear of loss while we also exhibit anxiety when considering the significance of the next leg up and how it affects us individually.
Sudden added wealth brings responsibility to preserve it and that translates into concern.
I predict that we'll very soon break above $10.50 and then hover in the sub-$11 zone for awhile. But news in the form of BOD guidance regarding the next scheduled payout will alter the landscape instantly. Any news affecting the General Partner will affect our fortunes, similarly.
Bottom line: There are psychological landings in this staircase of profitability of ours. When we can see and understand them, we can better assimilate things moving into factual evidence and only then are we truly able to steer our portfolios and, consequently, our fortunes. Of course it all comes down to our ability to forage.
