I appreciate that from you, probably more than you realize.
I'm not down on AMZA, been in and out long enough to have a sense of where it's likely to go. But it's the component parts going into the AMZA equation that captivate me. No buffet works without strong entries; and right now there are too many pressured energy plays to trust that a compilation representing even their best can be relied upon for significant gains ahead.
AMZA, as I've mentioned before, is probably going to be purchased by me yet again. Right now, though, I'm seeing opportunity as being more dependent upon selection than a buffet such as AMZA.
ALDW is one such offering, NGL yet another. ALDW is benefitting strongly today---so far, at least. NGL is being played hard with less secure investors afraid to take the plunge.
I expect ALDW to continue its upward climb on the back of momentum driven in part by the next pledged distribution which should be addressed any day now. NGL has already made its pledge known and it is in line perfectly with my previous expectations.
For me, the time to put money into a mutual fund sort of thing with ETFs following close behind, is when there's not a lot of unrest plaguing the entire energy sector. We are not in that universe right now and it is that which has me picking individual stocks with no consideration for groupified picks such as AMZA.
Just a few weeks back I had a $90,000 loss showing for NGL It is around $20,000 now. ALDW is showing a gain of nearly $96,000. I believe I'll be seeing similar gains in each of these and look not at today but to March.
It is so very important to look past the emotional content of today. The stock market was originally based on futures--- furs brought in by hunters who would borrow against their harvested furs for their grubstakes. Farmers did the same thing in the expectation that they'd produce bumper crops and they'd borrow against their fantasies. It remains much the same today as I see it. We invest for tomorrow, We cannot invest in yesterdays for we're already well past that time. There's no future in yesterdays, anyhow, right?
As for AMZA? the day will come when it gets a green light from me but not yet. It's the wrong time to be investing tomorrow's dollars into a vehicle yet to wrest free of yesterday's turd-moil.
Good hunting!
