NGL Energy Partners LP (NGL)

[jugs]

No way for me to know, obviously. But I just stepped out of my box and added 200 NGL at $12.47. Crazy price and I figure it's an extremely smart buy at this price. If it drifts lower I'll have no choice but to add more.

$12.15 is not speaking to me in terms of establishing anything concrete although it's certainly a possibility. But I rather doubt it as it's already dropped plenty while holding at above $12.40. I'm happy buying at these fire sale prices and see no reason to complain for the sake of $10 or $20. I could not be more certain but that I'll be smiling a very wide grin soon enough.

Sometimes it's good to let go of charts expressing historical evidence and just give in to plain old logic. Remember---there's no future in history.