Good move imo.
There's a lot of folks out there who are afraid to guide their investment portfolios as they happen to personally see fit. Instead, they opt for a follow-the-leader rationale which either works or it doesn't. In the end, though, each of us has no choice but to live with his/her own choices. So if we've got to pay the piper either way, it seems to me we ought to let our instincst take care of business.
I figure I get just one ticket to living my life. It's up to me, then, to decide how, and where I'll get it done.
As for "when?"
Now is the only time!
Interestingly, time waits for nobody. So I've got to make my moves at any moment it seems appropriate. And it follows, then, that this is the finest example of "living in the moment."
Today's prices are very much in line with my earlier projections, explaining my GTC orders that have been in place for several weeks now. When I come up with these numbers--- mathematics, concepts of probability, charting touchstones, changing fundamentals, PRs and newswire-driven news all add up to personal conclusions. All guide me.
Note that I grant no space whatsoever to published analysts. I know from having worked in the IR space that these self-professed "pundits" depend upon the readership community to keep their reputations aloft. To give you an idea as to how bizarre this can be:
A couple of weeks ago I reset my LinkedIn profile. As of last night there were nine (9) applications extended to me on an active basis! The crying need is not to handle mailings of house organ publications as so often will be the case for Investor Relations. These offers come with an open salary opportunity, all of the companies are located in my home state of Texas, and the positions themselves require strong writing and analytical skills with constant access to the President and CEO.
Now---I'm 78 years old---that's a bit old for most people to even consider taking on full time responsibility out of home. The solicitations are coming from professionals I've known over the years but no longer figure into my life. Nobody is asking me if I need the money or want to resume full time responsibilities. And to be blunt, I'm in command of the only ship I care about and that means I'm not open to changing course direction. At the same time, I know these people have followed my lead as they are also investors & they've seen me grow piles of cash into larger piles. I believe they want access to me for that reason. This may provide some here with how lopsided things can get in the real business world.
Downward pressure on NGL is going to change, and soon. It will let up because there's insufficient evidence in view to warrant its continuation. Rather, there's ample cause to celebrate the likelihood of this negative bias reversing. It is in this spirit that I'm bent upon adding to my stakes.
Today: With positions in six MLPs (energy) all but one are down for the day. NGL is one of the rest, so no surprise there.
Thanks for listening.
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