NGL Energy Partners LP (NGL): The 10.88 close on Friday was artificial...

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pete807

Re: Watch30 post# 5546

Monday, 02/11/2019 2:49:16 PM

Monday, February 11, 2019 2:49:16 PM

The 10.88 close on Friday was artificial and a setup for money to be made...
Short percentage under 10% of the float is not huge, was warranted just looking at trailing numbers and should change now and be coverable, ...even pushed by the bears to later in the year or covered.

There is no discovery anymore and only ruthless scalping until it doesn't work, imo. That point is here but there are upside limits within the algorithms that hold the upside back and provide orderly markets. Important to keep a perspective that allows the bears to keep a part of their backsides...

Remember every trade involves a buy AND a seller believing they win!

Trend will be solid northward now and make new money flow into NGL Upgrades must follow the earnings release.
JMHO
Not trading advice, do your own DD,
GLTA!

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-