Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 2
Today was an easy day to buy back calls if you are short Dec 500, 505, etc. The option traders backed off and allowed bids to be hit and didn’t aggressively trade around retail orders. Waiting to buyback was lucky I guess. This press release was the perfect opportunity to initiate the small quarterly dividend which would have helped to absorb the selling but of course Buffett didn’t. Next year we find out if Greg believes a small quarterly dividend will increase demand for the common if Buffett has really backed off calling all the shots. Two observations. Too many financial experts on cnbc and Fox business are selling the brilliance of their thoughts with new innovative gimmicks, that’s bearish. Also, I’m following the closed end space for 30 years. Decades ago there weren’t so many sharp guys on seeking alpha etc following the space. The discounts to nav have come in a lot in most of the funds I’ve followed as retail pays up for yield. This too is very bearish, a potential double whammy. The stocks held by the funds can drop and the discounts to nav can double or more. A dangerous time for retail. Let’s see if they can get brkb back to 500 plus by option expiration 12/16 Fridays close.
No. of Recommendations: 1
very interesting early action in the common this morning, with 7 trading days until dec 19th.
No. of Recommendations: 3
very interesting early action in the common this morning, with 7 trading days until dec 19th.
Again, you imply something and don't make it explicit, leaving me befuddled about your point.
No. of Recommendations: 1
brkb trades weekly options out two months. What are the potential catalysts for a 2- 4 percent move up in the common in the next 30-45 days?
I guess there could be news of 1 or 2 new material hires.
There could be news that Buffett is giving two proven money managers 50 billion each at .35 percent annual fees.
There could be a disclosure that a group now control 5 % of the common.
Why do short term call buyers think brkb can move 2 -4 % in such a short period of time?
Next week we find if they knew what the buy size volume would be, trading into next Friday.
No. of Recommendations: 2
I guess there could be news of 1 or 2 new material hires.
I don't think there will be any material hires until next year. So not in the next 21 days, but very likely early next year as the new CEO puts his team into place. I also suspect that the new CEO won't make any drastic changes for a while, first to maintain stability, and second out of respect for WEB.
