Thank you for adding color. I'm not a Cramer fan as I find him too conservative for my taste. However, I'd wager you're right in suggesting today's drop ties in directly with Cramer's stance.
Last year (2016) I came out with a 65% portfolio gain. Some came from juicy yields, of course. But more than half of the gains resulted from capital appreciation. However, not a single penny came on the heels of any stock mentioned in the press as representing Cramer's stance with regard to a particular stock in which I was invested. As stated in my previous post, I brung me to the dance. Cramer and I don't dance together. lol
I've got another buy order in place, hoping to pick up another 100 units of NGL at $13.90. Quite interesting to me is that Barclays came out with their revised price target of $20 just this morning, the morning after Cramer's position was aired as I'm understanding it. I wonder if he wasn't bouncing off early dispatches available to insiders, coming from analytical agencies? Something is looking fishy here and I'm wondering if Cramer wasn't taking advantage of hews he got before we could?
Regardless, I don't ever like watching a major holding of mine drop but I know when a gift horse is looking at me in the eye and I'm responding.
And not unnoticed by yours truly is that ALDW has covered a 40 cents expanse so far today. And it's vacillating between both extremes...without any published news whatsoever to explain the spread. I've long been of the belief that ALDW and NGL are played as a pair of sister offerings. Today's action reaffirms my belief that we of the retail bunch are being targeted by bigger bucks than we and the object of affection for the likes of high frequency trading machines.
My sense is that this is the perfect time to be loading up on NGL at or very near $14; and ALDW---when it drops closer to the $10 area.
We need to be focused on dates of guidance:
1. ALDW is paying us next week. The next payday won't be until three months forward so manipulators get two months to play their games, after which there will be fresh corporate guidance forthcoming that announces the projected distribution for Quarter #2 of the year. That is when I see a fine case for our unit valuation to rise as investors pile on in joyful anticipation. And if my fantasy is worth anything at all, Q2 should be considerably better than even the 38 cents coming in a few days. I think 60 cents is a distinct possibility if not probability given that Q! is traditionally the weakest quarter of the year. These points need to be understood for smart investing.
2. With NGL finding itself hammered by the gods of gloom, it's imperative that we understand that there's--- at the least---a possibility that both stocks are being played as a stock-picker's couple and, if it's the case, then we've got to think like tigers being chased by elephants. Those preying on us often win but we can be as smart. This is why I have an order for 100 NGL now at $13.90. If it fills, I'll follow on with buys at points beneath the above amount. I'm not hoping for a fill but I know I have to be prepared if opportunity prevails.
This is how fortunes are made. By the way, New York City stock brokers take lunch around 1pm Eastern time. Lunches are typically of the drinking variety. This will explain why certain stocks will drop predictably around lunch time, only to recover meaningfully beginning about a half hour into the close of trading. It's a design to control the flow and direction of how a particular stock trades. Knowing this is key to how the "system" works can be of immense help to investors.
Hoping this helps somebody as that's the point of this board.
I am,
Jugs
But I'm not a drinking man so don't be assuming anything. There's another meaning for "jugs" as we men know. lol
