NGL Energy Partners LP (NGL)

[jugs]

Based on early indications I would change that!

I just placed a day + extended order for 300 units of NGL at $12.40.

Understanding it may not hit, I'll be placing an order for 200 units set to trigger at $12.50. I'll set it up when the market opens as I'll be free to give it 100% of my attention, making adjustments as needed.

One way or another I'm probably going to get a fill on one or both of these. Depending upon how much you've got to spend, it'd be wise to pace your laddered array of bids with the heavier concentration of units sought on the less expensive end. My own schedule above illustrates the logic.

However---and it's a big caveat--- This is my day gig and has been for nearly a quarter century. I'll be glued to the computer at the opening--seventy minutes from now. If you're not in position to do it this way, then your earlier-set orders will get the job done about as well but you want to get the lowest entry price you can get for the sake of a low cost basis.

Your price of $12.50 is a smart offer, you should feel good about that. And if you don't care about spending an extra dime per unit, then stay with your plan as it's a good one. Sensible prices are always best but right now I think the investing community is finally catching up with us, realizing this thing is about to scoot off for the moon as soon as scheduled events are announced. This is why today is so meaningful---the highs are moving higher and the fall-backs are not at all convincing.

Keep us posted. This is the moment we all need to be super cool and calm, thinking things out very carefully, just as you're doing.

Looking forward to hearing how you come out!