didn't he say he sold cop to take the tax loss ? he has all that cash because he has been bearish for years , no ? the only guy on the planet more shocked than me that brkb has doubled in 3 years, is buffett. relax brky in this years letter he will tell all he wont pull any punches, I hope.
IF buffett discloses that he sold 20 -30 million shs of high cost ibm to take the tax loss, ibm experts will claim , he took a tax loss, he still LOVES ibm, so they are right ! IF he didn't sell any to take the loss, buffett LOVES ibm, he hasn't sold a share hence, ibm longs are right !! IF he sold more than 30 million shares that would PROVE he's trying to hit the stock lower so that he can buy bbbbillions back in the 140s, because down is good ! UNLESS buffett says in LOUD AND CLEAR in the letter that ibm was a huge mistake the children of brkville will cling on hoping for a miracle. Sadly, ginny is going to break their hearts in jan, with poor 2015 guidance, and maybe another miss in q-4, imo. The nuts in bfrkville will change their names , again, beach wont change his name, i'll give him credit there. good luck to all ibm longs, sadly I own it too via brkb.
you can follow buffett into dogs but you can't make your bullish case by making things up. Show me the quote and i'll stand corrected. THIS is one of the many questions buffett will not allow. my bet, in this years annual buffett will take complete responsibility for making the biggest mistake of his life, buying ibm in 2011 over brk ! He may even touch on the , opportunity cost, of making this mistake. as you know it usually takes 3-4 years for him to quote me but he eventually gets there.
++ HC, presumably there are thousands of stocks you aren't trading and dozens that BRK owns that you aren't trading. For some reason, though, you live blog the IBM ticker. ++
I worry about you brky. goog the concept of LARGE NUMBERS, make me a long list of all the public companies buffett bought 11 BBBBillion plus of and i'll splain it to you, comprende ? Y did todd sell brkb and buy ibm ? YYY did axp sell the ibm 195 puts etc ? YYY does beachbro love ibm and selling the ibm puts ? NO correlation to the FACT that buffett, bought and promoted IBM ? r u serious old bud ?
I, was soooo CONfused I thought a split, a div, and a huge buyback was bullish for those short aapl puts and long the stock. I lost BILLIONS on that play but i'm ok with that because aapl paying a div and spending 10s of BBBillions to buyback its own stock would kill its market cap, have I got that right brkybro ? r u teaching me for a change ? thank goodness buffett never bought brkb large in the 60s,70s,80s, etc, who knows, brkb might be filing chapter 11 by now ?? have a grand day brky, you might want to try and find a library in your area. btw, a few days ago gartman who comes on cnbc to make Cramer look good, said oil would trade into the 30s , CRamer said it would break 50 for sure, so I sold the xle puts into a 23ish vix. On Friday near the close my bids to buy them back got hit so i'm flat. THEN, after the close the idiot clown, aka, gartman, said the lows for oil are in, I have no idea WHY cnbc allows this joker on. I'm sure he will claim he was trading oil in bit coins not yen, so he got it right again. U can bet the lows in oil aren't in, that guy is a lawsuit waiting to happen.
++ So you're trading IBM? Or you're not trading IBM?++
dear brky, let me go sooooooo slow even u can follow. i'm watching ibm but havent playec yet, but I posted right here in English, in real time WHY, YYY, YYYYYYYY I was buying aapl and selling aapl puts in the 400s NOT ibm, early this year, still with me. I
++ “It’s extraordinary how resistant some people are to learning anything,” Charlie once said. “What’s really
astounding,” Buffett added, “is how resistant they are even when it’s in their self-interest to learn.” Then, in a more reflective tone, Buffett continued, “There is just an incredible resistance to thinking or changing. I quoted Bertrand Russell one time, saying, ‘Most men would rather die than think. Many have.’ And in a financial sense, that’s very true.”++
morning brky, I watch to avoid huge mistakes, like selling the ibm 195 puts, the 185 puts, doing a covered write on ibm, I used aapl instead , remember ? IF buffett paid a 1 % div yield, had a real buyback in place, and split the stock 50 for 1 on 2006 like I asked, i'd be fishing bro, very long brkb, sleeping like a baby, living large, comprende ?
todd, r u day trading ?
lol, the ignorance in brkville is off the hook, even for brkville. you kids don't watch volume, option action, you NEVER EVER stay open minded, if buffett made a move in 1850, its good as gold, FOREVER, until he tells you HE changed his mind, UNreeeeeellllll, then the experts change their name or disappear, lmfaoooo, its amazing. beachbro, its a good thing u have been here 15 years you learned tons, tons !! NO ONE watches price, volume, and option volume, just the, idiot, degenerate, head case, wino, #$%$ chasing , crack smoking, meatloaf eating, did I leave anything out ,todd, odd lotter in vegas, who never gets anything right !!
seriously, u still don't know what a 10b5 filing is ??
NO, it isn't foundations selling brkb in size, the jan ibm calls are getting bought now, in 2-3 weeks we'll know who it is, Icahn, ackman, 3 G and friends etc. IF buffett knows a player is entering the game, he isn't selling, imo. maybe uncle will call and tip me off, lol.
yikes, what a day. If IF I knew an activist was getting involved I would sell brkb and buy ibm too ? uncle tell us whats up ?? OR, just call me, whats leaked in Vegas stays in Vegas !! your pal, hc.