The Long Investor

$BRB.B - RC -

Added 2023-10-03 17:56:59 +0000 UTC

No one and no company is immune from a Wave 4 pull back and thankfully so.

Berkshires pull back has been quite aggressive since hitting the 1.27 Fib at $373, $KO, $AAPL, $BAC and $AXP are the biggest offenders to this decline.

Do you think Buffet would be panicking holding stocks like this?....I suspect he's positioning himself to add more to these particular stocks.

And earning substantial dividends on these stocks too....making his most amount of dividends on $OXY too.

The price is right at the 0.38 Fib which is the standard pull back level for Wave 4....I can only see one wave in this Wave 4 on the daily chart, so we could see a further decline to the 200 Day MA at $330 to complete this Wave 4.

$BRB.B at $330 would return close to 20% returns for the next 6 months.