I'm expecting that we'll soon see a turnaround.
We've seen this nonsense before with other stocks---where a pick gets kicked about mercilessly and with reckless abandon, seemingly. I've been expecting today's beating and realized it's a call to action even in the face of my own confusion. After all, the company keeps on chugging along, paying handsomely and tending to housecleaning. Can we expect more?
So I was pretty much geared up for today, sensing there'd be the final (I hope!) purge aimed at smacking winds of confidence out of the gut of the loyal. I guess you could say I'm a diehard NGL loyalist, huh?
It took a bit of a scramble, selling some CIM which has been an extraor5dinary winner for me, all in an effort to justify adding meaningfully to NGL just moments ago. Just added 500 units.
I paid $10.50/unit. Subtracting the pending distribution, I wound up handing over $10.11 per unit. Now holding 22,000 units with a cost basis of $12.00.
One of the hardest-to-understand pieces of a stock investor's puzzle has to be self-doubt. It comes with the package and none of us are immune.
For me, it comes down to a simple question:
Am I an a-hole for thinking I could be right about this pick when clearly everybody else is shunning the stock?
Or am I just having doubts because I'm scared---as in not sure that I COULD be right when so many others are convinced THEY are the ones who are right and how could I possibly be smarter than all of them?
In the end, I'm sensing it's not about smarts at all! I believe it's about sensitivities. We all have them, of course. We differ from most other humans, however, in that our particular sensitivities won't likely match up with theirs, at least not when side-by-side comparisons arise.
So today I've executed because it's the only way I can be me. That means I've got to follow my instincts which are built of my sensitivities. When my instincts advise me strongly to follow their inputting attempts, I listen because they're my best buddies, looking out for my interests and protecting me in ways I may never understand but will always appreciate.
And now I will look at the damage I may have done to myself (giggle) in the minutes gone by, taken up with writing this note to board friends and followers,
NGL is now higher by 13 cents.
ALDW has been quite the star of late as everyone should know---and is higher by 13 cents, now at $12.08. If they announce a distribution near the 60-70 cents I think possible, I'd expect to see a $13 valuation quickly.
In the end, some we win, others we win but on a different timetable. That is what I'm seeing in this pair of picks.
happy hunting, everybody. Today may well be your last opportunity to add at a fire-sale price.
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