David Enke

Is Berkshire Hathaway Now a Bargain?

Interesting discussion and comments. I would agree that Berkshire has been a good short, and may continue to be so. I was asked off-line about the technicals. Other than referring to the October moves, I suspect and have found that Berkshire does not respond quite the same way technically given its lower volume and type of investors. Nonetheless, just looking at support and resistance, 120,000 may not provide much support, but 110,000 should. If 110,000 is broken, then the shorts definitely will have won, although again, I don't suspect this is a stock that gets pushed around like SIRI or something similar on the short side, or at least in the same way. But selling pressure is apparent. Even so, I suspect there are more strong long-term holders in this stock than most (outside of some who may have been around for a few years and are now looking for income generating stocks). It should be an interesting 6 months. Thanks for reading, and enjoy your weekend.