Contrarian Value Ideas

[fung_derf]

This article was in last weekends Wall Street Journal talking about what drives $TPL. Not sure if you can read it or not, but it explains better than I what TPL has to offer and why its running. Historically it has been a huge swing stock. I've traded it several times and been very hit and miss. I try not to get greedy and buy a stock too early as it has rarely worked out well for me. However, lately everything is a run and if you wait you can miss some big moves. But I try to live by the philosophy, "Lost opportunity is better than lost money". I bought back into SMCI too soon and I KNEW better! Then you're in a game of adding on the way down and I HATE that strategy. I want to add on the way up. So I don't think TPL is an add until I see some sort of base. Probably around 1100, but maybe not until 950(currently its around 890, but rising)

https://www.wsj.com/business/energy-oil/one-of-the-hottest-stocks-in-the-oil-patch-is-a-defunct-19th-century-railroad-4b10a483