There may well be a move to organize a class action but I'm not at all convinced there's opportunity for benefits beneath the surface WNR offer. My inclination is to sell now or very soon, provided I can get something in excess of $26 for my trouble.
That said, I started out the day with 2,435 units. I set up a GTC last night to unload 500u at $26.10. It executed this morning.
I'm unsure as to how the remaining units should be managed. When in doubt, I like to step back and await greater clarity.
At the same time, I expect some juicy opportunities will be revealed in the opening salvos of the new year. At this very moment I'm watching NGL now up more than a dollar and MDR is up 18 cents. These are fairly large positions for me so we're talking about a substantial gain on the day---so far, that is.
NGL appears to be a good place to be so I'm good with it despite being underwater. MDR---I'm convinced it is going to double or triple and I'm comfortable with it.
I maintain four portfolios representing twenty stocks. That's a broad enough base from which to survey and tweak positions with some intelligence possible. I want to be in position to take advantage of swoons next month and that means I'll need substantial dry powder. This is what has me leaning towards selling more of my NTI positions. If I can get $26.10 on more, I think I'll do it. I don't want to be at the risk of a court proceeding as lawyers battle it out, claiming to be my friend when I know it's not to be.
With a fistful of dollars in hand and opportunities sure to arise, this can be a uniquely interesting market environment for a trader.
How about you others here? How are you handling things?
