Excellent advice, 807!
Even I am tempted to jump in at $11.55 or so, despite already having accumulated my desired 23 unit position. I need to call Ameritrade first to be certain they can arrange for my intended purchase of a partial unit.
I've been questioning my stance in terms of smart buys. Adding pieces of a company you strongly believe in is a no-brainer as we all know. Doing so at a price point well above your cost basis? Well, that's another thing due to the fact that it's no simple task, forcing a cost basis back down. I don't play tax games so I have only two ways of lowering my CB:
1. buy more on the cheap meaning lower than the CB
2. back out distributions
When there a serious dip, I'll nearly mortgage my soul if it means I can bring on significant impact i.e. appreciably dropping my CB. To me, this may translate into temporary pressure on the financing side but if I'm confident the theory itself holds great merit, I'll usually go on logic.
After studying the numbers and trying my best to understand what I'm looking at, all this over the weekend, mind you, I'm now doing a 180 that has me seeing not only black & white numbers but I'm now asking myself to let go of some of my emotional trappings and embrace the most important thing of all:
Is this going to be a dazzling moneymaker or is it not?
I'm absolutely convinced it is.....most definitely so, at that.
NGL may be the steady-as-she goes perfect farmer's daughter but ALDW has all the allure and then some of that vivacious, pretty-as-could-be filly a man simply can't keep his hands off long enough to realize that she's not his until SHE SAYS SO!
And that's the condom---or should I say "conundrum?" lol
I love the thrill of the hunt and suspect all of us here on the board feel much the same way. And that has me asking why I'm holding back? Is it because I already have my dream position? What do I damage or risk damaging if I go a little further into hock by adding a unit on margin?
It's so ridiculously clear to me today that I'm toying with selling some NGL to enable an ALDW purchase. I don't think I'll do it but I mention it because I see ALDW as a "can't-miss" opportunity. There's more to this than making money---it's also about daring to more fully commit to believing in my own self as an astute investor. Like most, I have a few insecurities and a part of me is always trying to look over my shoulder.
Much of life seems to hinge somewhat on second-thinking. It's probably good as it drives us to challenge our own selves so as to minimize the obvious potential for own self-inflicted ruin.
At this moment I'm looking at a price of about $11.50 and weighing the wisdom of adding to the debt side of my portfolio management as I consider the logical end-point FOR ME inasmuch as I see my firm belief that we might find our units valued at $30 or more by mid-summer of 2018.
I know this much: Every unit of NGL and ALDW that I've purchased over the past couple of months---on credit via margin---is dramatically outperforming the capital appreciation AND distributions offsetting margin interest.
Do think through your own thoughts and feelings, please. I share these ruminations largely to enable others to understand that we all have doubts and fears as well as surges of confidence and those "AHA!" moments that make our lives so damned exciting.
As I close I see ALDW is ticking higher.
Excitedly yours,
Jugs---sipping on the elixir of Wall Street.
And coffee....
AI
