Couldn't ignore the opportunity to add 100u at $7.81 this morning. Now holding 11,500 units of NGL at a cost basis of $9.19.
When energy is in a funk, I search for stock picks that have exposure similar to that of just about all the other possible picks in the energy "crisis center." NGL, SDLP, ALDW and MDR are but a handful of possibles and I've invested an overwhelming percentage of my investible assets into these four companies.?
To say I'm expecting NGL to reward me would be quite the understatement. I believe we'll see ourselves out of the $8 range and well into the $9's by May. In fact, it's been a while since we've seen a one-day surge here and I'll betcha it's gonna happen this month.
I see no good reason for this stock to languish. Investors are obviously skittish right now but that will change. It just takes non-energy fanatics longer to find the current energy-related turmoil comfortable.
Meanwhile I look at MDR, SDLP and ALDW and am more than pleased.
This is the time to hunker down, place your bets and trust yourself. Investing is all about intellectual pursuit and all things instinctual. Focus on those two and self-trust will follow fairly easily.
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