Thank you so much for expressing your satisfaction. It means a great deal to me.
The Jugs Effect, huh? Funny. Then again, it nearly sounds like a disease. lol
As for ALDW? My plan from the get-go was to sell half which is close to what I've done. I continue to hold 10,000 units and have been planning my holds and buys in conjunction with the swap upon our weathering the big swallow. I'd be then holding about 7,000 shares of DK which, until I need to raise capital for a special opportunity, would be fine.
NGL is, without question in my mind, my primary goal. I'm holding 22,379 at present and hoping to pick up 3,621 to round things out at 26,000. My core hold will probably be 25,000 with the other thousand units designated trading units.
Over the years I've accepted that there are gentle winkers. And then there are the talkers, the yellers and, of course, the screamers. But NGL is doing something no stock has ever done to me before---It's actually swearing at me, daring to cut my liver out and strangle me with it if I don't load up on NGL.
So I'm watching for a better price. $11.80 was looking nice on Friday but my original posted buy-point stood at $11.50 or below and if I were to pay $11.80, I'd be forking over an additional 30 cents. If paying that for the additional 3,621 units, I'd be paying an additional $1,086. That's a lot of dollars given that I'd be using margin to pay for most of the units. So I think I'll be waiting and watching and remain prepared to pounce on NGL in the $11.50 range but if I don't see blue sky above, I'll pony up at the end of December---unless my instincts tell me I'm being stoopit in which case I might buy the units and then add more still on margin at any further reduced price.
My cost basis is $11.56 so I'm extremely reluctant to pay more than that for add-on units. If units drop to $11.50 tomorrow I'll be a buyer there but thinking there's no reason to think the price won't erode further. So I might pick up a hundred or two but I'll be watching for $11.35 and then close to the $11 level.
The most important thing right now is to prepare for what we can expect in January of 2018:
The usual post-Christmas thaw tends to bring prices down. Commodities enjoy their greatest annual demand in February, globally speaking, as that is the crucial month due to it being the most difficult in terms of Wintry weather. By the same token, April going into May is the time of the year when energy falls back as we ease into Spring's warmer temps.
As I plan my 2018 platform I know I've got to expect the above to remain in place and limit my spending tomorrow through December.
As for NGL itself? I could not be more confident about this stock and where it's heading. I've enjoyed a number of big winners over the last quarter century but NGL is the one I'm thinking is going to blow a few whales out of water. Already the company is talking about raising the distribution level going forward. My hunch is that they won't raise it for Q1 of 2018 but I think they may announce they're expecting to raise it for Q2. If their guidance points to that, NGL units will gain $2 quick as a wink, I believe.
I must point out here that I am one person and I don't speak for others. I am not connected to NGL, the company, although I've spoken with the CFO/Executive Vice President on the phone. My instincts are driving me on this pick---pushing me to trust my instincts and intuition and make a killing here. I'm feeling like it's going to happen. And while I'd dearly love to coax others into doing as I'm doing, I know it may not be as safe for some as it feels for me.
I understand that, knowing each of us must make what is ultimately a crucial decision:
Do I do as some others are doing or do I do my own thing independently of what others appear to be doing?
I'll continue posting my trades for all to see as I know it can be of help to some. If some of these trades seem to become profitable quickly as was the case this week in ALDW, DK, EPD and ETP, then each of us will have to make some quick decisions.
I'm always here for discussion and hope people will step forth and connect with the board in looking for solutions to questions in common.
