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.

Today witnesses HCLP stretching towards $40. I made this purchase in the middle of August, reasoning that oil field services involved with fracking will be the tip of the spear of the next decade. HCLP produces a very popular sand used in the advanced energy extraction process.

Between then and now HCLP settled a long standing disagreement with one of their buyers, picking up a huge contract along the way. And the company grew business 218%.

These equity returns are a big deal, as they annualize as if HCLP is pushing >190% upside this year. My opinion is that the partnership is going to $100 and above.

Quality names like HCLP and BAS are buys that needs no pullback, with an indefinite sell point. They are going higher.

Although my 40% cash position may create the illusion that I am missing out, such a view would be misplaced. Careful allocation and selection on my part is gifting me full participation in today’s excess in spite of recent reservation.

BAS is up 7.29% at the time of this writing, as the natural gas cycle makes full leaps and bounds forward. As I told you it would transpire, this is where your money must be at for the next 10 years. Companies and partnerships like BAS and HCLP will grow at unprecedented rates, facilitating the United States of America back to Her rightful status as Greatest Country and Loan Superpower on planet Earth.

HCLP is also up 2% and taken altogether, my portfolio is up .9%.

As for the excitement about Yellen, I don’t fully understand the sentiment. If you go back and read or listen to anything from Yellen, it’s pretty clear she has been consistently more in favor of Federal Reserve supporting markets and the economy than Bernanke was.

Despite that, there is good reason to believe a deep pullback may come soon enough (first half of 2014). We can’t all be millionaires.

UPDATE If you followed my initial purchase of BAS on 8/16/2012, you are presently up 65% on the position. If you’ve been trading along with me inside The PPT, you are up far more.

I added more CCJ for $20.40. I had slimmed the position at $21.80 when I raised cash across the board at the top.

CCJ is always a buy around or below $20.

Other than that, I’m sitting on my hands, with >40% cash. I’m not convinced we don’t keep selling off, but am open to change. Valuations are crazy, but where else are you putting your money?

Bernanke is gone, but Yellen is hardly a hawk.

We’re at about a 5.5% selloff in the S&P. I’d feel a little more sure footed if we were at 10%. That at least would mark a real correction, and would probably require the flattening of a handful of the most serial offenders of the hope trade. The most egregious of inflated share prices, like the TW’s and TSLA’s of the world…

I’m excited by how well BAS has held up during this selloff. That stock normally passes out at a nearby sneeze. Maybe all the soft hands have finally relinquished their last pitiful handful of shares, so that the firm grip of men can rally the company?

I’m round tripping back into BAS, because I can, for $17.20. Pretty much a lot of nothing – I sold at $17.29 on Friday.

This makes BAS a full position again (10%), along with CCJ (22%). Everything else is half sized. Cash stands at 45%.

I like what’s going on in natural gas prices. I’m not going to be left out of one of my best ideas when it runs.

Wow…I was about one day early here, clearly. Check out CCJ, check out HCLP, check out BAS. There’s just making money here. The only two positions I have that are down are physical silver and NRP.

CCJ is still a 20% position for me. Now it’s pressing through trying to cut the multi-year channel it’s been stuck in.

I’m up .9% today – fifty percent cash. That’s almost angry winning.

Come on guys – this is nuts. HCLP is up 5% on what? It’s been a great stock (I still have 5% of my book in it). But why is it up that much today?

We need a wash out. Because TW is not a 30X EPS stock, that’s why.