I stepped in and nibbled on BAS for $19.37, taking cash down a couple percent.
I am furious with myself for missing the bloodbath in HCLP this morning. Work had my full attention, and if I had known that HCLP was down another full 10%, without hesitation I would have stepped in and bought even more.
Cava…
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Cain – I joined you on HCLP.
For others, HCLP has a bit more than four years average weighted contract life for ~75% of its capacity (5.6 / 7.5 tons / year) so this sell-off in oil should NOT result in a 40% sell-off in this name.
I also already own SLCA, which has, I believe, a three or four year weighted average contract life (can’t remember exactly! sorry!) for just over 70% of its capacity… So again, this sell-off makes no sense unless we are witnessing a paradigm shift in the global energy complex.
Could be a new kid on the block
http://blogs.wsj.com/moneybeat/2014/10/02/fmsas-1-billion-ipo-offers-investors-new-shale-boom-play/?mod=yahoo_hs
Thanks – didn’t realize. Shame on me… you probably saw some money shift out of the current names into this new one.
Yep, saw the say thing in a massive way with BABA as the article eludes to
FMSA Holdings has been around since 1986. The balance of the frac sand market isn’t going to shift from FMSA cashing out. Unlike BABA which is actually a relative newcomer and may disrupt the status quo.
FMSA may be like BABA in that it has sucked money out of the other publicly traded share prices, but as far as the growth that the frac sand plays have been experiencing, this changes nothing.
I’ll be worried when I see a bunch of new venture capital firms springing up like weeds in the frac sand market.
Cain – meant it only in terms of allocation, as people probably swapped out of current frac sand into this name. Don’t expect it to be permanent at all.
Right on.
Think option call on HCLP is a good play?
I’m going to just stay in the stock. This game is hard enough without a time limit.