$ULTA
Added 2024-08-15 10:17:29 +0000 UTCBuffett revealed yesterday that he has started a position in $ULTA, based on strong fundamentals and a hedge against the market....cosmetics tend to perform quite well during a market decline....
There has been no changes to this chart count, I had Wave 5 at $580
I have added in the green Fib levels to see where support has come and prior to Buffett revealing, the price was between the 0.5 - 0.618 Fib, this is enough of a pull back to complete and ABC correction
With this catalyst, the reversal is likely on now and the price is back up to the 50 Day MA now
If you want to follow Buffett here, you are looking for a hold above the yellow trend line, just above $350 or above the 50 Day MA at $380
If we can get a pull back shortly, I will add the next impulse wave
Comments
Any update on this one with the big drop today Cap?
Kevin
2024-08-30 13:32:06 +0000 UTCAre you sure? A Grok's Estimation: Considering the stock's performance and the fact that Buffett often buys over time rather than in one lump sum: Lower Bound: If we look at ULTA's stock price before the announcement, it was trading lower, suggesting Buffett might have bought at prices around $320 to $340 if he was buying before the price surged due to his investment news. Upper Bound: Post-announcement, the price soared, but let's not assume Buffett got all his shares at the peak. An upper bound might be around $370 to $380, given the immediate after-hours jump. Realistic Average: Given Buffett's strategy, he might have averaged around $350 to $360 per share, considering a mix of buying before and after the price started its upward trajectory due to his interest. So, in the grand cosmic scheme of things, if you're asking for a number: Grok's Estimate: Warren Buffett's average investment in ULTA Beauty might be somewhere in the ballpark of $350 to $360 per share, with a nod to the fact that financial markets are as unpredictable as a Vogon poetry reading session.
Josh Day
2024-08-15 16:27:25 +0000 UTCBuffet's price was $385, which is where we are at the moment.
Nick E
2024-08-15 10:55:33 +0000 UTC
