No. of Recommendations: 14
It is possible that Buffet BAC sales will be more like Boyd. A short period of heavy sales and then nothing for months?
I keep hoping that at some lower price that Buffet will stop selling.
I still have 60% of my peak BAC position. I have been selling covered calls since Buffet started selling to blunt the decline.
From a buyback perspective the selling pressure is good news.
Once BRK's ownership passes below 10% (we are at 12.39% as of 7/29), Warren will have privacy on any selling until quarterly disclosures roll around. So it may seem like he stopped - out of sight, out of mind - but we won't really know what he is up to until the highly delayed quarterly disclosures and Annual Reports come out.
If he stops before hitting 10% (which I feel is very unlikely), we would be able to see that.
Like someone here mentioned - Warren is not typically a "trim around the edges of a position" guy - but we don't know the reasons he is selling.
He doesn't strike me as a big stock market Bull at the moment.
