Northern Tier Energy LP (NTI)

[jugs]

I could say the wind has been scooped up out of my sails but the truth is that my sails have been stolen. lol

Today is horrible but need I remind one and all that this is an aberration due, in large measure, to issues stemming from China and having almost nothing to do with us?

While I've got some dry powder, right now my focus is on minimizing losses likely to last for awhile. I'm not even thinking about copping some great deals, I'll leave that for others. I know all too well that today's great buys may be tomorrow's headlining sucker bets.

I don't need to beat the market. I just want to position myself to make a living by staying on top of news meaningful to my portfolio holdings. No way do I believe that Friday of this week we'll be seeing NTI at under $23. Not to say it can't happen, only that I've seen these routs many times before. They haven't anything at all to do with the value of gasoline, convenience store goodies, crack spreads or anything else the media can force onto us.

In short, this is a China issue more than anything else.