Replies to post #4877 on NGL Energy Partners LP (NGL)

[jugs]

Got it1 Was about to praise you for your brilliance but, alack and alack---you'll have to wait. lol

I've added one thousand units of NGL today with an average cost of $9.064.

Unless things really collapse in the closing moment of the session, I think I'll be done for now.

The market is truly irrational. Realizing I'm probably being viewed as equally irrational, I've got cash to cover most of my margin utilization. Thus my true exposure is just $35,000. I could sell off enough NGL in a N.Y. minute if dealing with the unexpected crisis. In fact, even if NGL dropped to $8.50, I could unwind my debt by selling just 4,100 units of NGL. That would leave me with almost 50,000 units.

All is good in my crazy world. My NGL loss comes to $197,000.

I'm happy knowing full well it's a temporary price-point.

And during my editing of this message I see I've got to add further at below $9.