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Re: Watch30 post# 2552

Thursday, 06/07/2018 9:04:23 AM

Thursday, June 07, 2018 9:04:23 AM

Post# of 8177
Wanted to see the same thing but my screen continues to show "Avoid" for NGL. That's odd, don'tchathink?

I'll take your depiction any day. lol

Today should provide some excitement.

I've got my 200 unit order in place set to trigger at $11.40. Will probably work out as an overpayment but I never mind, knowing someone else is profiting, too. I'm (+$37K) well ahead and can take the hit on just a couple of hundred units.

Had a strange thought this morning before getting out of bed---

I wonder what would happen if I were to pick a bunch of publicly traded stocks that I believed had a lot going for them and then pursued them like the horny investor I am---following them this way or that, speaking with management, writing constantly on the significance of their activities, and keeping up with every last aspect of their business ventures and underscored by intense study of all SEC filings---as I've done with NGL?

How would this typically work out, year to year---in terms of overall profitability?

I do this regularly as do most all persons here. Yet I sense I maydo it with more passion and far less restraint when it comes to plowing more cash into the chosen picks. An example would be my selling 200 units of ETP yesterday to reduce margin exposure due to acquiring 800 more NGL units. I've made a lot of money on ETP and now hold just 800 or so yet with every intention of restoring the ones sold. Right now, though, my NGL position calls to me to capitalize on opportunity.

I'd appreciate thoughts about this coming from others. Risk management is part of this process, surely, as is a fairly complete self-awareness when it comes to investment theory-related boundary setting.

As I close this note, I notice I am no longer the sole bidder at $11.40. There's a bunch of us, now---with $11.40 the bottom-feeding price. I think I'll ride this number knowing full well that if the order doesn't fill by 11am C, it probably won't---especially if the prevailing price point is well above $11.60.


Life is a gamble---without letup.

May we gamble well, everyone!
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