NGL Energy Partners LP (NGL)

[jugs]

That would work for me as well. Sound reasoning in my opinion. Good luck!

Today's volume is odd in that it's just 18.5% of the recent 10 day average volume.

Not sure on this but something is telling my brain to be ready for a boomerang of sorts tomorrow. I'm thinking we might just jerk noticeably higher by more than a few cents. Of course, things could always go the other way, too, so it wouldn't make sense to bet the rent on it.

When volumetrics drop dramatically, it says that not a lot of unitholder representation is in the marketplace. But it doesn't necessarily mean that valuation will change meaningfully. Not does it offer clarity with respect to change even occurring!


In the end, we place our bets on ourselves--- that is---our ability to gauge and judge and arrive at smart conclusions and execute by doing all of the preceding somewhat faultlessly. Not to say there's no room for improvement or error but something I must face daily:

What if you're wrong?

Well, I may be! And this is why I always borrow on margin only up to and never more than I can cover with the press of a key on my computer.

By way of example: I currently have $130,000 in a checking account tethered to my brokerage accounts. In a matter of seconds I can easily effect a funds transfer. Margin utilization is presently $117,000 so obviously I'm operating within bounds and able to sleep well night after night. And if NGL were to drop a bunch tomorrow? I could further extend myself knowing I've got a $13,000 petty cash drawer.

I'm not anxious to spend it as I'm now holding more than 24 units of NGL and it's feeling like it's enough. But I've said that before---and many times, too. lol

This stock is still screaming at me. I'll soon be hearing the pelting sounds of 64,740 dollars pounding annually on my rooftop as things stand at the moment.

Ohhhhhhhh! The pain!!! How will I ever survive this onslaught of passive income?

Yeah!!!