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Buying At A 10% Discount?

This is a Symbol Surfing Post from Tue, Jun 12, 2018.


I am going to assume you know who Warren Buffett is.

BTW, he is not related to Jimmy Buffett.

They actually did the 23andme thing just to be 100% sure.

https://www.cnbc.com

Back to WB.

He is the CEO of Berkshire Hathaway and is also known as the "Oracle Of Omaha".

Wouldn't it be cool to invest like a legendary investor?

Well how about knowing what stocks he invests in?

Check out Warren Buffett's Portfolio.

I am looking at BRK.B today.

As you can see from the 1 year chart, the stock price hit an all time high and has sold off quite a bit.

About 10%.

Now it is in a trading range with support around $190 and resistance at around $200.

It looks to me that this stock is going to bust through $200 and go up to the previous highs.

The price is in the middle of the trading range now, but this looks good to me.

It feels like I am getting in at a 10% discount.


Tue, Jun 12, 2018 BRK.B @ $195.27

This Is Why I Don't Buy Before Earnings

This is a Symbol Surfing Post from Tue, Jun 12, 2018.


"H&R Block shares plunged nearly 20 percent in extended trading, despite the tax preparation company's beat on first quarter earnings and revenue. H&R Block reported $5.43 EPS on revenue of $2.39 billion. Analysts were expecting earnings of $5.27 per share on $2.34 billion in revenue. The company also approved a 4 percent quarterly dividend increase to 25 cents per share."

https://www.cnbc.com

So first of all, WHAT!?!?

I don't see any bad news here.

There is growth and they beat the analyst expectations.

Nevertheless, the stock is down almost 20% in after-hours trading.

So a $1,000 investment before the close is now worth about $800.

As I mentioned, in my previous post on HRB, "I am going to wait a few days after earnings before I make a trading decision on this."

I am looking forward to the open tomorrow.

Unless some real serious bad news is announced, this looks interesting to me.

There is actually quite a bit of support at the $25 level.

Oh, I almost forgot.

They announced a dividend increase as well.

I don't know why the stock got hammered like this.

If you bought this stock before the close, my suggestion is don't sell. Watch it for a day or two. Maybe buy more. Use an average down calculator before you buy.


Tue, Jun 12, 2018 HRB @ $29.60