Buffett was on CNBC and said that he is buying IBM..some shares. He also spoke to the IBM's president Ms. Rometty; in that discussion he said that something special will occur relative to the stock price ....I believe the stock will reverse trend and increase. I plan to add to my position. Long IBM
Bought more in after hours trading-IBM--$175.10/sh
This purchase increased my stake in this account to 5% from 2% with more to follow in another account on Friday because I'm short the Oct 180 put options. Note- this account is up over 30% again this year due to my 50% position in Berkshire.
Buy "LO" and sell call options high is my motto and IBM is certainly "LO".