Replies to post #2703 on NGL Energy Partners LP (NGL)

[jugs]

Hugs? I'm happily married but I appreciate the thought. Lololol

Tomorrow:

Expect a pull-back out of the chute...it's normal after a strong surge the day before. Typically the retracement will be a third to a half so we may see units ranging from a bottom of $12.55 or so but I doubt they'll go back to $12.35 UNLESS something emerges on the global stage.

I'll suggest you add using a laddered approach starting with a couple of bids set at $12 40-$12.50 THAT YOU SET TONIGHT AS IN RIGHT NOW! Picking up a few hundred units on the cheap this way gets you going if the price point should drop more dynamically than we expect in the opening tomorrow morning.

Now, if these orders do not fill, I'd be looking at the opening trades to guide me. Say units run $12.65 in the early going? Reach for 10 to 15% of your desired adds. Place a stink bid for units beneath to cover yourself on any sudden and unexpected pullbacks. If you're paying $12.60, try for $12.45-$12.55. As you deplete your resources, keep in mind that nerves show weakness in the final ten minutes or so of the trading day. Always keep some cash available for a last minute trade.

Please let us know how things go for you. Feedback is extremely important. NGL is breaking out, making this point in time essential to building your bid towards your financial future.