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Re: catdaddyrt post# 689

Thursday, 02/16/2017 4:35:59 PM

Thursday, February 16, 2017 4:35:59 PM

Post# of 8177
Well, there's no denying I like to soup up the odds and build a few strong positions. The excitement factor increases, that's for sure. And I thrive on that.

I added 500 ALDW a couple of days ago, by the way---and for the excitement reason, primarily. Part of me wanted to know if I could read the crystal ball accurately enough. And part of me needed to find out if I had the balls to put my mouth where my money is.

Turns out my mouth sometimes ought to be moved as it acts no better than my butt. So now I have 25,500 ALDW units.

They made a pretty nice recovery today in the last couple of hours. NGL is going to be fascinating---starting tomorrow, I expect.

We know NGL isn't going to stay down for long...too well run for that as you well recognize. But I'm awaiting news from management in the form of an acknowledgement of over-subscription for the secondary. That always tells me the investment community is accepting the terms of engagement and then the phony analysts start piling on with their upgrades.

7,500 units is plenty for me but I won't be able to hold all of them as I've got some on margin. I haven't done the math yet but I'm not going to pay $268/month in interest on my margin total unless early returns in appreciation and distributions equalize the carrying cost.

There's time to decide. But my early morning 500 unit trade at $22.59 puts me ahead by $330 today which covers the margin cost ($56/mo.) for a half year. So far it's looking like a good trade. If units rise from here, it gets only better.

This is going to be quite a ride!
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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