Small Add To My BTU Position For $16.80

I added to BTU for $16.80. This is just a small addition; a couple of percent of my net worth.

This play on coal is to be edged into incrementally. There is no hurry.

I offset the purchase with a minor sale of HCLP, which has become outlandishly sized. It is near unanimously disproportionate to the rest of my holdings – I presently have more in HCLP than CCJ – which is astounding when you consider that CCJ has priced pretty steady to where I’ve held it, and it was once more than 20% of my portfolio.

HCLP makes up 26% of my holdings after today’s sale. I may pare back BAS and HCLP some more, just to get them back in line a little. I’ll think about it over the weekend.