Wednesday, August 16, 2017 1:35:49 PM
Because I have a specific exit strategy in place, I'm not disturbed by momentary changes eliciting the oh-my-god concerns. We are in the usual MLP down-portion of the seasonal cycle. It is customary for valuations to drop at this time in the cycle. However, if I'm right, then something is going to pop fairly soon to explain how it is that Delek, ALDW's General Partner, saw fit recently to let go of certain officers in ALDW, replacing same with their own people. And, mind you, the replacement folks are none other than the head guys in Delek, a far richer and more complicated business with virtually limitless opportunity to grow businesses.
To each his/her own but I'm sticking to my game plan: No matter what, I'm holding fast to my overall plan---that being I expect units to be above $15 by the end of October or shortly thereafter. I don't think in terms of what a unit will fetch next week or tomorrow or next month as it won't move me to take any action other than to consider adding fresh units if available at the low prices mentioned above.
Happy hunting! And try to let go of today's nickel or dime higher or lower as it will mean nothing until you're prepared to execute on your game plan. It all depends on your timeline. There has to be one at the start.
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