NGL Energy Partners LP (NGL)

[jugs]

My earlier order for 200 units of NGL at $13.75:

I changed my bid to $13.80 and went, instead, for 300 units at the revised amount. My thinking was that the few bucks difference won't really mean anything just a tad further down the road. Meanwhile, I'm savoring the bigger payout---even at the 39 cent level upsetting folks. Not me.

The order just came through. So now I wait and watch to see where the bottom might seem to be and then I'll pump enough cash into this pick to bring my total units held to 11,000. I expect to hold things there for now.

My cost basis at the moment is $13.88 so I'm ever so slightly underwater. I'm very good with that as I'm absolutely certain this thing is going to break to the higher side. I have no idea as to when that may be but I'm betting our unit price will be noticeably higher by the end of June. I wouldn't be surprised to find units above $15 at that time.

At this moment I've got an order for the remaining 200 units of NGL I want with $13.70 being the price I'm willing to pay at this time. Obviously, the temporal scheme is subject to changing as the market controls all.

Later, friends.