Posted on 05/04/2020 8:19:06 AM PDT by MeneMeneTekelUpharsin
After reporting loss in airlines and liquidation of airline holdings, BRK.A down as much as 2.95% today (over $8,000 per share).
(Excerpt) Read more at google.com ...
So far it’s down, but not too bad, NASDAQ is even up a little.
Only down 200 points at this time.
Yes, it was down a little over 300 points this morning, but has come back. My concern was Bershire dropping that much. Interesting that the big boys are selling Berkshire. Now, THAT is news.
I bought in big at the bottom, around March 20th. Up as much as 60% (yep), but down the last 3 days.
Buffet is trying to move the markets, nothing more. He dumped his airline stocks after buying at precisely the wrong time. Lost $50 billion in value (yes, $50B).
I believe (and put my money behind it) that our economy will come back, stronger than ever.
My holdings: Cruise lines, Airlines, Hotels, Restaurants, Casinos.
Your mileage may vary!
lol. I am holding AAL at a pretty low average. We’ll see.
But... the Oracle of Omaha? He didn’t see this coming? It was so obvious a caveman could see it..
I’d have to see a portfolio breakdown. Probably overweighted in industries that are severely impacted.
Should have bought more medial diagnostics, health product companies, paper products, Amazon and Walmart.
The Curly family portfolio is up 0.6% for today.
About 9% off the all time high, which was not that long ago. Sort of comes with the territory of being an investor.
Long term prospects are bright if we can re-elect Trump. If we get a RAT look for another great recession or worse.
B H bailing on airlines. Not good news.
“If we get a RAT look for another great recession or worse.”
Yep, that would do more damage than the flu.
‘Big 4’ airline stocks plummet after Warren Buffett revealed that Berkshire Hathaway dumped them in April
...
McDonald’s did really well after the corrupt Democrat sold his stake.
Thanks for the post. You got that right.
Our portfolios are up, mostly NASDEQ. Buffet’s stock is down because he wants it down.
I had a joint account on Stockpile with no. 2 son and was shocked to find they don’t allow the purchase of shares selling for less than $5. So I opened up a second account on Webull that’s up 25% as of this morning. I opened an account in Robinhood for the no. 1 son. Didn’t do as well, but still up 8% as of this morning. Our biggest winner is a Canadian oil company, Vermillion, up over 100%. I almost bailed, but didn’t, when analysts were predicting that AMC Theaters was going to file bankruptcy. Up over 50%
I chucked in a few bucks the day it bottomed out about a month ago. I will either look smart or stupid.
My holdings: Cruise lines, Airlines, Hotels, Restaurants, Casinos.
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You may as well add an energy company in with the rest of the dogs. :)
Good luck with your picks.
I shifted into a defensive posture a couple years ago figuring that the historic bull run was setting us up for a significant correction. Of course I never expected any kind of disease problem to be the catalyst for the correction. Nobody did.
I haven’t been hurt too bad and have even started doing a little bottom fishing.
With the CV problem, the approaching onset of the hurricane season, and the upcoming election investors are entering a dicey period. Lots of unknowns.
Good luck with your investments.
Down trend has to be massaged by the “woo woo” a@@ clowns of the following herds of morons. Otherwise Berkshire Hathaway’s shorts will NOT produce income. Will not short sufficiently.
Hence the news media and “it’s all going to hell”. Too bad it’s not like it was when insider trading was the norm— not like the “dressed up” version of the “genius from Topeka”— .
The same joker who was against the pipeline because Burlington Northern tank cars were carrying the out put— at great revenue levels and completely inefficient.The “William Randolph Hearst” of the marketplace. Him and Gates-— controlling the gauge of the railway of the internet. How much intellect does it take to buy and never sell (but create shorts for your own investments, to buy them up).
Now waiting for the drones of wall street and “gonna get rich” day traders to scream. No reply- no worries.
No jet plane travel scheduled till late December/early January for us.
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