Replies to post #80196 on Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

Warren Buffet's Berkshire Hathaway is going to clean up on his hard money funding of Oxy's foolish acquisition, even if Oxy shares goes to zero.

[n4807g]

Hi Ron...I've given up on trying to predict direction or intensity. It boils down to liquidity, and sentiment. There's plenty of liquidity and virtually any selling day is followed by a buying day. Toss out the old yardsticks...they're useless.

I suppose someday there will be a change in sentiment that might persuade investors to pull cash out, but trying to pull that rabbit out of a hat is nearly impossible.

[cgavin5]

So, since closing IBM at $146.30 on 1 21 20, I opened IBM back up at $138.50.
I may add with another nibble if Big Blue decides to retreat some, but with the 4.61% dividend and higher earnings expectations I'm satisfied that my recent sale was the correct thing and since I am quite the glutton for punishment I'm content with the errant buy order I overlooked for this one. Famous last words perhaps...

Reviewing this week past I see that lost opportunity with NIO at $5.65 and a nice 8% return that once again eluded me. Oh well...