Post #17933 by Mark on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

Unthreaded | Threaded | Whole Thread (6)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 5

I wonder if Buffett will nibble some more at OXY stock.

I've been riding WEBs coattails on this one for a while now ... only to suffer paper losses. However, I have a theory that there is a low price (~$40) where people (especially Berkshire) are strongly tempted to add shares, so it acts as a kind of floor on the price. Using that theory, I regularly sell puts on OXY. Most of them expire worthless, but once in a while I get assigned and snag some additional shares at a buck or two under the prevailing price. These trades serve to lower my overall basis, and will increase my gains if the stock eventually rises someday.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (6)

Prev | Next

Announcements

Berkshire Hathaway FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.