I love "smart." You've done yourself a great turn, I'm positive.
In my opinion you've positioned yourself for potentially massive gains.
As for a turn-around?
It's got to happen. There's nothing that could possibly hold it back, not shorts, not manipulators, not anything I could entertain in my mind.
There are so many positives one could examine and we do this daily here on the board. And I spoke with NGL's CFO recently on the phone, exploring various initiatives. He happens to be the company Investor Relations head, also, so he not only knows the internally significant corporate objectives, he's also understanding and well versed in matters pertaining to Investor Relations, speaking "the language" comfortably. My background was also in IR so the call was illuminating to say the least.
Throughout each day I ask myself if I might be wrong in encouraging people to follow my lead. I don't think I'd remain affiliated with this or any other board if NGL failed to deliver, so painful would be my moralistic nature force.
Yet here I am, happily engaged in conversing with others who,
like me, are restoring former positions and again---like me---they're optimistic. The consensus seems to be the same as you and I hold---that a reversal is going to happen and it is likely to be soon. The only thing I bring to this is what I said above---what's to hold it back when so many things point to a favorable outcome?
I've got a sizable position. However, I'm an old man (77) and I think most of us expect seniors to plod along in their final chapters fairly comfortably. Well, I'm in perfect health with no medical conditions whatsoever and I don't actually need the money but my NGL position positions me for an annual income of $32,000. That's going to buy a lot of hay and feed for my pet donkey and pony. My wife and me, too. lol
This is an incredible opportunity. To buy when we look at the numbers alone or charts, what are we expecting to see? Whatever it may be, folks aren't "getting it." So they run the other way, figuring it might be better to hide your head in the sand like most everybody else.
A year ago my portfolio danced around uncomfortably while building my ALDW position. Today it stands happily with a gain of $96,600. And I'm positive the best is yet to come---not only because of Hurricane Harvey shutting down other refiners but because it's well run and stronger than ever now that Delek's management has taken over key roles without additional compensation.
Over the past two and a half decades, every time a stock pick has screamed at me, saying "Buy me!"---I've always made out crazy well. Never a miss in 25 years. I trust that inner voice, it's never failed me.
Best of good fortune to you!
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