What do you think about today's Buffett news?
AAPL
- Thread starter oldnemesis
- Start date
I can say that it's really an unexpected turn, taking into the account that a couple of years ago Mr. Buffett wasn't going to turn to Apple. Now one can wait for the stock's growth.
The news was not release a month ago nor it was released a week ago. He did not bought AAPL today. From the news:
"In a new regulatory filing, Berkshire disclosed that it owned 9,811,747 shares of the iPhone maker at the end of the first quarter. At the time, the position was worth $1.069 billion.".
$1,069 billion divided by 9,811,747 shares will be $108.95. He paid in average $108.95 per share. Most likely, he was buying in September - October of 2015, yet, the news was bought up today....
Apple just broke below $90 on Thursday ($89.47 low). It also broke below the $92 low set on August 27, 2015 and $92.39 low set on January 28, 2016. Public needs to be cheered up to keep the Apple from the further decline and we will have more similar news which will try to brag the crowd to buy stock. Apple one of the best companies when it comes to building their investors base. People love this company. Yet, in a couple of days people people will forget about it and if nothing more fundamental comes around we may see AAPL back down.
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Here's the Wall Street Journal on the issue:
http://www.wsj.com/articles/buffetts-berkshire-takes-1-billion-position-in-apple-1463400389
It appears to have lifted the stock a little today:
http://stockcharts.com/h-sc/ui?s=aapl
So... is it still the dog Zack's said it was???
What about that position I set out expiring in July?
I said I don't trade AAPL because it is too subject to speculative events. At the time I said that, a Buffett position was not what I had in mind. So I am surprised. It may be just a symptom of the expansion of stock selection because of the passing of that task into the hands of Buffett's two managers. Buffett himself didn't make the AAPL call but, as the WSJ article points out, there is no word from Berkshire who did make the call.
With Berkshire also having IBM on its investment list it makes the Berkshire portfolio that much more like traditional hedge funds. I don't think that is a good thing for Berkshire in the long run... but then in the 'long run' we are all dead.
http://www.wsj.com/articles/buffetts-berkshire-takes-1-billion-position-in-apple-1463400389
It appears to have lifted the stock a little today:
http://stockcharts.com/h-sc/ui?s=aapl
So... is it still the dog Zack's said it was???
What about that position I set out expiring in July?
I said I don't trade AAPL because it is too subject to speculative events. At the time I said that, a Buffett position was not what I had in mind. So I am surprised. It may be just a symptom of the expansion of stock selection because of the passing of that task into the hands of Buffett's two managers. Buffett himself didn't make the AAPL call but, as the WSJ article points out, there is no word from Berkshire who did make the call.
With Berkshire also having IBM on its investment list it makes the Berkshire portfolio that much more like traditional hedge funds. I don't think that is a good thing for Berkshire in the long run... but then in the 'long run' we are all dead.
- Very pessimistic post.
- You've given up way too quick on the AAPL trade. You have to give it time to play out.
- One 3.75% news day will not make or break a trade that expires in two months.
- Remember .... You are an Investor not Speculator.
- Try and be more optimistic in the future.
He can be wrong sometimes.
Once in a blue moon, maybe only IBM.
maybe it's because he does not consider Apple as a tech company, they actually look like a stable dividend company
It's just our beliefs, in reality, he has just decided to buy the stock while it's cheap.
