$BRK.B
Added 2024-11-04 19:35:55 +0000 UTC$BRK.B had a rare miss when they reported over the weekend, their first miss since the start of 2023.
A lot of info was revealed, with the main headline that Buffett sold another -25% stake in $AAPL and has increased its Cash balance to $325 Billion.
$AAPL is only slightly down on this news today but the investing community certainly paid attention to this activity.
Buffett also stopped buying back his own stock, for reasons which are clear....he does not feel the company is undervalued right now....even with a current PE of 14....but this does increase to a FWD PE of 22.
Market cap has also fallen below the $1 Trillion mark now and the 50 Day MA has been lost.
The price action and the 200 Day MA look set to meet at the 0.236 Fib at $432, losing this level and we can confirm that $BRK.B is in Wave A.
I would have no problem adding this position under the 0.5 Fib at $373.....with or without Buffett at the helm.
