NGL Energy Partners LP (NGL)

[jugs]

It's not you at all! You've been superb in your helping others to more realistically assess opportunity. Nobody could be doing more than you.

The market is looking for surprises. Bad ones frighten investors away while good ones lack absolutes of a positive nature. Thus we find short term buyers who came along for the distribution and a short ride towards prosperity are now taking some gains off the table in search of the next overly compressed stock pick.

I just sold a pick that rewarded me very nicely for the same reason---big gains plus seed capital enabled my NGL buy of 200 units without fracturing my margin basis.

As a momentum player I am comfortable in saying that today is showing us how momentum players operate. It's got nothing to do with NGL the company nor wisdom based upon informational details gleaned from TA or fundamentals. It's nothing more than the swinging of a pendulum pandering to momentum.

And being a momentum guy myself---I just peeked and find NGL has moved back up from $13.07 to $13.18. I think we'll drop back to about $13 before the day is done as this will coincide with the NYC lunch-drinking crowd of brokers. They tend to over-drink and prices almost always slide until the market is about a half hour away from closing.

Buying at or near lows tends to improve our margins is key for me. Whether we buy at record lows or middle-range channels is immaterial so long as our perceived buy points are low enough to be positively affected by positivity yet to occur.

Good fortune, everybody!---Speaking of which---I'm currently down $40,000! But I'd bet the ranch on this:

The loss---or perhaps better called "drop from grace" will evaporate soon enough, I'll betcha! And my new units will lead the assault back up. Now holding 58,600 with my addiction intact. lol