$13.50 a bottoming signal?
It's largely recovered from the morning's lows. My shares are in strong hands as I'm going to weather any stormy tides we encounter for now. If I lose money? It won't be a lot as I don't have much committed here---not yet, anyway. But it's enough of a position (2,000 shares) to produce a feel-good smile when we hit higher numbers.
Something you hinted at rings a distinct bell with me---
All my buys representing opening forays into freshly caught picks get up to three months to produce gains. If there aren't any, I'll usually liquidate. I like plays that are about to go into decompression mode. That's where I make my killings, not through divvies and distributions. NGL, however, is good for better than $55,000 yearly so them's a lot of peanuts. Despite that, my goal is that of scoring big on capital appreciation.
I tally up each year and find that passive income rarely exceeds a third of the total gains picture. It's easier and far greater fun to score on the trading side. CLDR doesn't pay people to hold it, not yet, anyhow. So we get to babysit while they get their ducks in a row. Investors will bitch about just about anything under the sun but I'm patient. Three months from now I'll be either holding and adding or out altogether.
Interesting ride no matter how we approach it.
Great fun!
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