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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: nola622 ✶  😊 😞
Number: of 15056 
Subject: Re: He sold more BAC
Date: 08/01/2024 8:19 AM
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It is possible that Buffet BAC sales will be more like Boyd. A short period of heavy sales and then nothing for months?

I keep hoping that at some lower price that Buffet will stop selling.

I still have 60% of my peak BAC position. I have been selling covered calls since Buffet started selling to blunt the decline.

From a buyback perspective the selling pressure is good news.


Once BRK's ownership passes below 10% (we are at 12.39% as of 7/29), Warren will have privacy on any selling until quarterly disclosures roll around. So it may seem like he stopped - out of sight, out of mind - but we won't really know what he is up to until the highly delayed quarterly disclosures and Annual Reports come out.

If he stops before hitting 10% (which I feel is very unlikely), we would be able to see that.

Like someone here mentioned - Warren is not typically a "trim around the edges of a position" guy - but we don't know the reasons he is selling.

He doesn't strike me as a big stock market Bull at the moment.
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