Wednesday, April 05, 2017 12:11:25 PM
Like I said yesterday, we're thinking at $9/unit.
Also, isn't it interesting that NGL is also dropping significantly this morning? I see a direct correlation and am thinking that high frequency traders know that investors in ALDW are likely as not to also invest in NGL.
Nothing has changed to skew the overall picture of either stock pick, so not to worry.
However, to reiterate---I won't be adding more ALDW unless it drops all the way down to $9. And even then, I'll limit myself to a maximum of 500 units as I've already got $56K of margin money in play.
In my opinion, $9 is an incredibly smart move for an investor. We need independent refiners and ALDW is as good as any of them. For now, I need to see just how beaten up we're gonna get.
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