NGL Energy Partners LP (NGL)

[jugs]

Why not ladder your schedule of offers? This would ensure your not locking yourself out of the bidding.

Say you're looking for 500 units:

You could go after 200 units at the current price.
100 units at ten cents lower.
The balance of your desired units scaled to prevailing market conditions.

It's not an all-or-nothing world in which I live. So I'm always thinking in terms of the overall average paid. So if I overpay on one bunch? No big deal as I usually do better on the other buys. But in the end it's really about securing your opportunity to get rich, isn't it?

If you pay $12.85 now for a third of the units you want, you may do better at noon and averaging the prices you pay at the end of the day helps soothe the savage spirit, no?