Warren Buffet’s Berkshire Hathaway has 39% of its holdings in Apple shares and another 11% in Bank of America. Thus, a massive 50% is in just two stocks. In my opinion, not exactly a prudent “widows and orphans” investment stand - but who am I to question the Oracle’s judgement?
Instead, I will act like the ancient Oracle of Delphi who was famous for prophesies that could be interpreted any which way: here are charts of Apple and Bank of America. Readers are encouraged to read them as they themselves see fit.
One observation is that the trading volume seems to be relatively 'light' nowadays. One of these days volume will spike, and we know where prices will head when that happens...
ReplyDeleteBy H. I think that volume shown is that on main regulated exchanges only.Nowadays, there are more trading venues and instruments that are not included in the volume shown.
DeleteFor example, dark pools and CFDs.