You did a fabulous job! You went liquid on NTI while at its high, gave up 77 cents only to find ample opportunities to reclaim NTI at a nearly $3 lower reentry. Meanwhile, you made the freed up cash work in double time by outperforming in each of three plays. That's the sort of market activity that glues me to the edge of my seat every day.
Truth be told, yesterday I added when NTI presented opportunities at barely above $26. Ditto in the case of CVRR. Earlier, I moved on PSEC at $9.45, now 11% higher and paying monthly while we wait for NTI.
This strategy is ideal with an MLP due to the boring nature of such tax anomalies inasmuch as they tend to move day-to-day for the sake of day traders and not as a result of typical stock behavior. lol We often see NTI rising or falling a half dollar. This translates into an opportunity to make $2K on a single day's fluctuation if you've got $100K available. That may seem like a risky play for a mere 2% but we're not talking about something annualized---just a play designed to be held for a day or two.
NTI is lower right now than it should be, imo, in sympathy with government's permitting the sale of slightly refined US crude. Thus, NTI can and will move for inorganic reasons and these sometimes afford us novel opportunity to rebuild positions.
My $25 number may not happen, explaining the attractiveness of yesterday's $26. But it's easy to sell off other picks when NTI should drop to irresistible price points. Meanwhile, NTI has been gathering interest of late as evidenced by its fairly constant price usually above $28. WRN's image has become meaningful as a stabilizing entity. Also, most of us appear to be expecting the next Q's distribution in the $1 range if not higher. Thus, $26 to $26.50 now strikes me as a reasonable support point.
Trading sure can be stimulating!
