Well, here we are now five days removed from my previous post predicting lower prices for ALDW to be the case sooner than later. Units are currently down 30 cents to $10.25.
There's absolutely no question in my mind but that we're heading lower, perhaps much lower.
Interestingly, NGL could be resuming an upwards bias as I suspect much of the downside opportunity for HFT's has dissipated. So now we wait and watch to see what, if anything, develops on that account.
I haven't placed offers to buy ALDW yet---but am leaning towards starting at $9.75. Will share details later when I've gained a more thorough understanding of what's going on here. One thing I am absolutely certain of is that we're heading to beneath $10.
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