Delek Logistics Partners (DKL)

[jugs]

If you look at the actions of DKL's largest holders, you'll find patterns that might be very useful.

I listen to nobody in particular when it comes to putting money into a pick. And I always scout around the area before I even consider taking a starter position. But when I see the biggies amassing behind a particular pick mon my short list, that tells me two things:

1. Like yours truly, they also like the pick.
2. They are tied closely to their client lists and they dare not retreat with their legs between their tale. (not tail---I didn't typo here, it's an intentional pun.) As Elsie said in an udder way:

The gurus dare not admit they failed, simple as that. So when you see very gradual diminution happening with respect to their positions, it's a fairly safe bet they are a) possibly disenchanted and disappointed with the pick. Or, b) They've found something else turning them on even more.

I saw such moves this morning in this pick. I'm not suggesting DKL is going down anywhere bad, merely pointing out that you should be more careful in my opinion. Continue on your path but see if you can't be a little gentler as you approach your target accumulations.

There's times to be gentle and cautious, others that call for aggressive strike-out pitches. I love and pretty much live for the strikeout potential but I also recognize the importance of playing it in a cagy way, knowing that when
I get tool aggressive, I unwittingly set myself up for a major fall.

Many at Seeking Alpha have stated clearly and sometimes unclearly that I've got to be a nutcase with money to burn in my stupidity as I track NGL. That's fine by me as I don't give a rat's ass about their validations. I know what I'm doing for myself and it's paying off in spades with diamonds for decoration.

But make no mistake, my young friend and fellow investor:

I've been in NGL since November of 2015. And I'm holding only 700 units of DKL at this stage. 26,000 units in one but 700 min the other/ Doesn't that tell you something?

IF DK elects to follow through on dropdowns, DKL might be seen as a more worthwhile holding. Much will depend on the quality of drops, of course---but also the number, the frequency, the price payable back to DK (acquisition coast as nothing in life is ever free) and the overall potential impact in store for the investor of either entity.