Today is Christmas Eve and I wish to thank all our board members and followers for their continued support throughout the year. Every one of us makes a meaningful contribution to the general welfare of all of us. Whether pointing to ubiquitous acronyms such as EBITDA or ROI, PEG...there's so many of these---or by raising questions about the company... I question the importance of our accepting these as standard-bearers? Go to sleep without knowing where a stock you hold is being addressed by others doesn't mean you're going to be broke upon awakening in the morning, right?
There are many approaches one might consider when launching a position in a new holding. Something I'll now address is probably the one I count as most important of all. Herewith, then.....
The decision to launch a position in a new stock pick for the investor is a highly personal one. So often I see a person thanking another for having led her/him to the stock. Missing, though, is the indisputable fact that those of us doing the leading aren't the ones who created the company whose stock we buy. No, investors score their results, be they good or not, by assimilating, considering, trusting our instincts and intellects and then trying out a small position we take on a trial basis.
These trial fliers are the space we all require in order to test ourselves. I think of it as incubator time for this is where and when I live in my the initial decision to take a chance, making my initial purchase.
During incubation time I watch and weave various thoughts inspired by volume numbers, available news of a noteworthy nature, and most importantly, I get in touch with my own responses to all the preceding informational data. This means I've got to be reactive to changing metrics yet never forgetting that I control all within my portfolio. It is within my means to tweak the ol' engine, changing my mind due to things I find disturbing or demonstrating (for me) cause for additional confidence.
Thus it is that I've been a buyer of ALDW for quite some time, much longer than this current year now about to expire, along with ALDW's existence set to expire in possibly a week, as a matter of fact.
Whom can I thank for having led me to ALDW several years ago? Alas, there is nobody to thank! In fact, my first purchase was just 100 units. It was quickly followed by 200 units more. I usually initiate positions this way so that I'll respect my decision and "prove it" to myself by putting a bit more skin in the game. This occurred on November 14th of 2014, so it's been quite a while...and a ride.
Throughout the past three years I absorbed everything I could as I'd run across bits of news I felt might increase my understanding of market forces at work, likely to influence ALDW's prospects. A great example would be my buying thousands of dollars of ALDW units on margin when Hurricane Harvey was mounting a terrible campaign destined to wring horrible consequences for those in the storm's wake.
If we squeeze a balloon on one end, air within will move. This is compression, of course. Compression occurs all the time in the market due to shifting forces impacting from within as well as without. If there's any single component I find most helpful to me, it's detecting instances of compression in stocks that speak, urge, yell and eventually scream at me to buy them. It may sound crazy, I understand that, but it always works, handing me what are destined to become huge gains. ALDW is an example of this phenomenon. Another is NGL.
Over the past six weeks or so I've shifted half of my allocation in ALDW into NGL, EPD, ETP, DK and DKL. All of these have increased very substantially but January, February and March are going to be the first months to really bring these picks to a higher level of maturity as they exit what is for me the incubational stage.
My most conspicuous investment is in NGL. But if I'm right in believing each of the others mentioned herein are going to increase valuation strongly, then it stands to reason that each ticker, if held in sufficient quantity, will be of increasing value to the investor.
Good holiday, good investing and most of all---may your lives be prosperous in every way you seek footing.
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