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jugs

02/04/18 5:11 PM

#1762 RE: Watch30 #1758

Butt, butt, bu.... If I were to give Mo a pat on the ass as you suggest, he'll cast am evil eye towards you, my friend. lol I think he'd be thinking, "Hmmmmm---from one ass to another."

Now, I didn't say that so don't be looking at me! lol

What an incredible joy it would be to gather around as board friends who are never board.

About that weight loss---that's incredible. Many years ago I was 315 and stood at 6'1" whereas today I've shrunk to 5'10". 185 is pretty easy to maintain as I work out about two hours daily. I also do all of the cooking at home so I'm a nutrition nut as you'd expect.

How'd you lose the weight? I lost 45 pounds last year, myself, so I know it's not easy. But it's as exciting as the market is...I love weighing before sleep at night and then in the morning at shower time. It feels like we humans have at least some measure of control over outcomes affecting us. And that ties in perfectly with my perspective when it comes to prospering via the stock selections we've chosen.

Right now, I'm leaning towards a new pick but am still researching it. Assuming I'll start a position in the next few weeks with some of the NGL distribution cash, I'll announce same simultaneously with my first purchases. So if you're similarly inclined towards wanting to add a fresh pick, this is the time to be mentally allocating some cash for the pick. I'll tell you this much:

It's another MLP.
It is a high yielding one, paying us as it wrestles with change.
It's relatively easy to understand in terms of infrastructure.
It's been beaten down along with most other MLPs despite its not sharing attributes directly responsible for the devastating drops we've experienced.

And perhaps best of all is that it's suffered from compression. This is what's happened in the cases of NGL, DK, EPD, EPT and HLX. DKL is in the same group but we're still early in its decompression cycle so while we're ahead in it, the real shift higher is yet to occur. But I believe it will, and am waiting on DK's dropping ALDW assets down into DKL.

The big swallow is set for Wednesday of this week. I hope it happens as it's been a long time a-waiting. I don't know yet if we should be expecting to see our portfolio conversions of ALDW into DK right away or will it take some time? I suspect it will not happen immediately.

Tomorrow, tomorrow, as the song goes...going to be a nail-biter---for me, too! But exciting, absolutely!