Am not surprised by the upward move the last two days.Annual report is less than a month away and will likely tell a great story about 2013,but most importantly set an upbeat tone for this year.Buyback support price will increase from current $105per b share to mid teens by year end.Fair market value is between $137 and $143/share.
Just a quick clarification: Mr. Buffett has warned repeatedly that it would be unwise to consider the share repurchase program as a price support... they make no guarantee that they will automatically buy at any set price. 1.2 of book value is the maximum price... if they believe the market will push it down further, they will let it fall further and buy it at an even better price.
a qualified yes,sold Feb $110 puts at the bottom of this weeks sell off at $1.98.This is like free money.With the stock worth$137 to $143/share and the buy back price at $106 or $107/share there is little to no. risk in writing these options
I have bought Berkshire B shares since the 50:1 split in 2010 and it is by far my best investment. I have been adding to my position during the dips. All of us longs will be rewarded for years to come. Stay the course.