You bring up an important point: Being ready to execute on a previously thought out plan can actually spell success where the crowd may not have had meaningful vision in the same space.
When I picked up 500 ETP, I did so as it was #2 on my short list. I realized early on that NGL (#1) was about to take off for another planet so I had to engage plan B. DKL (#3) was also taking off. I very nearly went after NGL and ETP even at their higher prices but I'd have settled for smaller numbers of
units due to my dislike for chasing riding valuations.
Plan B, then, meant that I had to increase the bid for ETP to make it worth my while. Thus my quest for 200 morphed into 500 units which proved quite profitable.
On another note, today was very strong for those of us in picks comprising the subjects of our ongoing board discussion. I can't imagine anybody being dissatisfied.
Tomorrow is, of course, the "day of reconciliation" which means the Fates will be lined up on the streets below hoping we'll jump off the roofs of strong profits and into the unlovin' arms of the dreaded profit-monsters.
This points to another reason to have Plan B ready should we need to tweak the program. We know there will be pressures brought to bear coming from day traders anxious to liquidate profitable positions rather than chance losing gains over a weekend of uncertainties.
Be ready, folks! Frankly, I'll be thrilled if I can hold onto half of my gains of the past four days.
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