My only bright spot today was HCLP. It was keeping my head above water for a good bit, but CCJ and BAS are both handing back gains and the rest of the positions don’t look very good. Now HCLP is back below 2% and I’m down about 1% on net.

I’ll believe this is a real selloff when I see it. Come on; I’m literally begging for a beat down. This is the first time in years I’ve just sat back and said “throw whatever you have at me, I’m unprepared”.

Let the market prove to me I should think this selloff matters. The winds are behind my sails, so if it doesn’t have rocks ahead, up its dirty little sleeves, then this game is about done.

HCLP is up another 3% today, following an announcement yesterday of amendment to a long term supply contract with Weatherford. Weatherford will be increasing the duration of their agreement with HCLP another 3 years, while also agreeing to minimum purchase volumes and price each month.

Demand for HCLP frac sand is strong. HCLP is now north of $40 a unit. Those of you that followed me into this investment are up 66% since August.

You can see the breath get beat out of the rally’s lungs; plunged into the freezing currents.

Check out HCLP, which gave back a monster morning rally, now fighting to keep its nose in the air or else risk losing oxygen entirely.

But I find myself not caring. Even if the market starts to correct, I’m unlikely to play the hedging game. The lesson has been learned – when I short stocks, I lose money. I’m taking a different approach here, offering up just a small slice of the pie to buy puts (PGJ, TSLA) in the most fragile part of the party.

If we crack, TSLA and PGJ die horrible deaths. It will be like any selloff just sort of gets replaced with new, free money. Like the prep school teenager who loses his pocket change to his uneducated, local public ruffian peers, he can trust that his wealthy father will give him more…and the opportunity watch hired mob thugs beat the piss out of his tormentors.

Besides, BAS and CCJ are both higher. I have complete confidence in the companies that I’ve acquired. I will not find myself given to flight; that ends with me screaming in furry, watching my hard work reap rewards without me. There is nothing you can possibly do to cause myself to relinquish these positions.

I’m 25% cash and cocky.

The market is drifting lazily higher into the end of the day. My positions are largely mixed with some give back. But I’m still up for the day, thanks to HCLP.

HCLP is pushing towards $40.00, and it seems my hunch that the stock would rocket back from the averages was correct. It has done so repeatedly before now, not suffering more than a moment or two of mediocrity before taking the next run up.

I’ve been bed ridden all day, taken under by some obstinate bug awakened from the “warm” weather we’ve been having. It almost makes me long for the -4 degree temperatures that kept my immune system well rested.

I increased my HCLP position for $38.00. The partnership has been in a sustained uptrend and every encounter with the standard moving averages have resulted in strong resurgences.

I added to BAS for $24.03.

I love both HCLP and BAS here, more than I did before the Ukraine. The threat of Russian aggression is going to keep natural gas prices bid. You can also bet now is the time when EU members start looking to establish long term arrangements to wean off the Russian gas pipelines. Where else is big enough to supply that demand, besides the USA?

US drilling activity is going to be well supported going forward, and that means profit boon for BAS and HCLP (as if they weren’t about to rake it in anyway).

I also added to UEC, because…why the hell not? Just a couple more percent.

Cash stands at 25%. Positioning: AEC, CCJ, BAS, HCLP, NRP, UEC, physical silver, PGJ puts, TSLA puts.

The run higher continues, with CCJ and BAS both up over a percent again today. AEC and NRP are trading flat. UEC is north of 4% gains, but it’s small so no one cares.

HCLP is down, naturally. That’s my pick for March madness; so it has to be the lone skunk of my portfolio. Not to worry, not to worry. Just as soon as any chance of personal glory is off the table, it too will continue the run higher, making me a silent, very non-public, fortune.

Can’t give me marketable material that easily, now can we?

Just sit back and enjoy the show. The indices no longer matter to me. Rather, the public storytelling is shifting into my corner now. This is the Atomic Year, the Fracking Year – financial journalists need something to yap about, and my assets will be it.

And accordingly, that makes this the Thaler Year.