I’ve been a busy, busy bee this week, and will be offering you no apologies for my absence. To the contrary, you’re welcome that I’m bothering to throw you table scraps at all right now. For my time is precious.
Here’s the big takeaway; I still have a slightly oversized cash position, but don’t really seem to be hurting at all from it.
BAS is up 16.40% right now at the time of this writing. This lift is being driven by guidance from the company suggesting that natural gas drilling budgets are coming back strong. BAS was very undervalued when I started buying around $12 and I made that very clear – the firm was poised for outperformance. There ability to generate cash guaranteed them a winner.
Now we’re just collecting my winnings. My position is up 95% from initial entry, and my total realized and unrealized gains together stand well over 100% from trading activities. I have a full sized position of about 10% my net worth in BAS, and accordingly am free not to care that I am sitting on so much cash. It doesn’t matter.
I am not selling my BAS shares. As the natural gas sector thaws, BAS will be the recipient of an immense payoff.
If you enjoy the content at iBankCoin, please follow us on Twitter
Well played
u playing this year? get your pick in Cain: http://ibankcoin.com/rcblog/2014/02/21/let-the-games-begin-4/
Woah this blog is excellent i love looking at your posts. Keep up to date the good pictures! You recognize, many people need round for this info, you can aid these people considerably.