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jugs

02/11/19 2:46 PM

#5548 RE: Watch30 #5546

The broader market is waiting for two things, I'm fairly certain:

1. Day traders cashing out later today with their winnings.

2. The in-between period as analysts revisit and reset targets valuations.

Each of these items represents uncertainty and certainty both---

After all, resolution of either one holds things up. And the day traders definitely made money today.

So therein we have two pretty sure bets---one favoring absolute gains due the short termers while the other keeps things in abeyance pending digesting today's earnings news and working up public reports. I used to write these reports up, resulting in the issuance of newswires stating positions newly revised and/or initiated. It's a difficult process that must clear legal staff owing to earlier signing and obligations to NDA's.

We need to be patient. The air will clear soon, for sure.

srains

02/11/19 2:47 PM

#5549 RE: Watch30 #5546

I think we will get there pretty quick. NGL has been traded hard and will continue to be until it does not work. Once it fails to pullback, it will run. My guess is, Getting to $12.25 may take a days or weeks but $12.25 to $13 will be fast.

I was able to buy back all of my covered calls, for a loss of $900 but I think it will be well worth it. I also made a purchase of 500 shares at $11.30.

For me, this earnings was confirmation of managements ability to meet expectations.

pete807

02/11/19 2:49 PM

#5550 RE: Watch30 #5546

The 10.88 close on Friday was artificial and a setup for money to be made...
Short percentage under 10% of the float is not huge, was warranted just looking at trailing numbers and should change now and be coverable, ...even pushed by the bears to later in the year or covered.

There is no discovery anymore and only ruthless scalping until it doesn't work, imo. That point is here but there are upside limits within the algorithms that hold the upside back and provide orderly markets. Important to keep a perspective that allows the bears to keep a part of their backsides...

Remember every trade involves a buy AND a seller believing they win!

Trend will be solid northward now and make new money flow into NGL Upgrades must follow the earnings release.
JMHO
Not trading advice, do your own DD,
GLTA!