Everything you're saying makes perfect sense. At the same time, I'm glad I'm not having to keep this on my plate for dinner. And breakfast. Lunch, too! It would be bothering me, never knowing how things will pan out. And having absolutely no control over things.
Investors come in all shapes and sizes. And risk tolerance is always going to loom large. When it comes to stressors, I tend to view them as natural to the game as played by the management of stocks we own---or situations around our investments that we either encourage unwittingly or simply fail to address in good time.
I sold the majority of my NTI well after the announced tender and a couple of weeks ago as I didn't want to find myself caught up in WNR-related debate. And units had risen to well above $26. SA readers were getting to me also---so much whining and complaining and frankly, I never feel like a victim and am so appreciative of the freedom I enjoy as I plot my own course.
And that is what largely motivated me to sell my units. It wasn't about gaining profit although I'd done well over the years---very well, in fact. But today is a new day and a new game is being prepped in the stadium. I want to put on that new uniform!
Sensing NGL was to be my NTI replacement, I went head first into accumulating units. Sure, I felt uncertainty at times, afraid that I was acting stupidly in trusting the BOD would honor its pledges. Yet things seemed to be adding up in a way that had me comfortable at least enough to take the plunge and hope for the best.
Risk is not often a big bad word for me. Things I sold yesterday to raise cash for SDLP and NGL were moderate to severe losers. In selling, I was letting go of opportunities to recoup losses and assuage my twisted ego. And for that reason I sold just portions of losing stocks. By doing that I lessen the pain of giving up on some picks and, secondarily, myself.
With NGL and SDLP dropping so much without smart explanation, I did what made sense to me. It continues to do that and I'm ready to continue building. You're doing the same thing, it seems.
As for participating in the vote? I won't get to do it but I'm not seeing it as an opportunity to tell WNR to screw itself. And I feared I was screwing myself when I sold off. Had NGL not arisen as the next star-to-be---I'd be licking some serious wounds right about now and extending to Feb. 15, payday.
when all is said and done, we are pretty damned lucky to have gotten into NGL when we did---just in time to mitigate some of our disquieting feelings regarding the shutting down of NTI as we'd known it.
