NGL Energy Partners LP (NGL)

[pete807]

Today we are beginning to return to normal trading where the bid is below the ask and there are many buys at the ask... For the last few days the high volume trading/selling was chaotic and the L2 screen was not keeping up. It means we are back to REAL bids and asks, or at least something closer to human driven trading. Below average volume seems to indicate stronger hands are getting involved and those words like impulsive, emotion, and panic, are fading.

Remember, this is a real 18.05 book value company with 2.7B in revenues, covering it's distribution by 1.3X and above the average yield. The B/A spread has been a nickel for the morning and it is still a buy, crawling out of the dip, but being Friday the machines are programed to reset to cash before the weekend and mid day gains will be pared, not paired, lol.
Covering is going on at the bid in an orderly fashion with compromising in between B and A. It's called market making.
GLTA!