Something I'd like to share with y'all: (That's Texicanese for "All o' youse.)---
Today cost me nearly $44,000 dollars.
That's a lot of money even to this dude who has no debt other than for margin which is covered by cash reserves. It means today cost me more than a typical day of market swoonage. I'm under the beginning of the year by $7,000.
Let's look at tomorrow (Monday):
There will be some sort of reconciliation happening.
We will recapture some of today's horrendous losses, very likely.
Geopolitical factors and trade issues aside, the tech sector got hit hardest of all.
So what does this have to do with us? NGL?
Nothing at all!
When I bought NGL twice today, it had nothing to do with the market or the price of vomit in Australia. (I hear there's some cheap stuff there.)
No, I added today because the price was too good to ignore. And that's the story right there. The stock had moved in sympathy with most other stocks and from all appearances one would think something organic was wrong with NGL.
NOT!
Nothing has changed. In fact, we are now one day closer to distribution day and that's a day to be celebrated.
I'm thinking that the high frequency machines and their algo's and industrial psychologists devising programs to scare the crap out of us poor little retail folks had their day. And what a day it was! They probably scared more than crap out of a lot of investors. If nothing else--- they got to drive some investors away from the barn, the hay, even the feed (grain) and water! Livestock don't run from those critical items. So why should we?
Obviously we shouldn't give those scumsuckers the time of day. But there are many investors who are not as sure of themselves as could be wished.
As for the rest of us? We do what we can. And next week we will find ourselves greatly improved, I'd bet anything on that. So don't let yourself get upset--- this is going to work out for us---and I mean all of us.
