Buffet Dumps 4 Stocks🗑, Buys Apple & Activision😉
Buffet Dumps Shares of 4 Stocks🗑, You Should Too😉 Though I personally do not track & follow what Warren Buffet buys, I definitely sells what he sells. Here’s why:
(1) Buffett is a renowned VALUE Investor. When stocks he believes in fall in price e.g. Apple & Occidental Petroleum, he often buys more. So if you see him dumping shares instead, it’s a BIG alarm bell🚨
(2) Buffet has a huge influence on stock prices both at an immediate level & a delayed level ⏱⏰
Immediate ➡️ Buffet usually buys a lot or sells a lot of shares at 1 go…& when he does the stock price either goes up or drops a lot.
Delayed ➡️ There are retail investors who idolise Buffet & ritually follow what he buys & sells as their investing strategy. Hence, when he sells a stock, the 1st drop in a stock’s price is due to his sale & once the sale is filed & reported, his faithful followers will do the same resulting in a 2nd drop. If we don’t sell at the same time, we’ll be left scraping at the bottom of that stock…If the company doesn’t buck up & Buffet doesn’t return to it, we can bye to our money 💸💸💸 Buying the dip (or Dollar Cost Averaging/DCA-most people use this term incorrectly) won’t work if we’re buying a company that’s failing‼️Eat the loss & Exit when we should 💪💪💪 False Hope is Not Hope😬
🚨Buffet dumped Verizon altogether🔥, trims ✂️Bancorp, & significantly reduced his holdings in Store Capital & General Motors in the 2nd quarter (see photo).
With shares of $Verizon(VZ)$down nearly 12% this year, Berkshire Hathaway completely unloaded its remaining 1.4 million shares of the company in the 2nd quarter. The great Verizon sell-off started in the 1st quarter, when Berkshire dumped roughly 99% of its 158 million shares.
With shares of the consumer discretionary $STORE Capital(STOR)$still down nearly 15% this year, Berkshire dumped more than 1/2 of its position. Now it only owns 2.5% of the company.
Shares of $General Motors(GM)$lost more than 1/3 of their value this year. Berkshire sold off nearly 15% of it. Now it owns just 3.6% of the company.
Shares of bank $U.S. Bancorp(USB)$are down more than 12% this year. Berkshire sold off 5% but Buffett still owns 8% of the bank.
Regarding his buys, I’m definitely bullish about our favourite AAPL 🍎 & $Activision Blizzard(ATVI)$is in my watch-list😉
Fellow 🐯🐯🐯, do you follow what Buffet buys & sells❓Let me know in the comment section, would love to hear from you🤗 Please help to like my posts & do click on the Snoopy icon to check out my homepage for posts on (1) Advantages of investing in ASX stocks & (2) Clean energy (lithium &/or TSLA) as there’s 💰 opportunities there😉
As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
Source website: IBD
@Daily_Discussion(18/8) @TigerStars@CaptainTiger@MillionaireTiger
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$Apple(AAPL)$ yes
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