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Michael Riley's  Instablog

Michael G Riley is currently a managing member of Coastal Management Group LLC a Rhode Island registered Investment Advisor. Michael retired from 25 active years on Wall Street in 2002 and in 2005 formed Coastal Management Group with longtime associates Daniel Mintz and Gary Herman. CMG LLC... More
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cmgadvisor.com
  • Berkshire Hathaway Meeting and Derivatives..some ideas

       &nbs... Having just returned from Omaha and the annual Berkshire extravaganza I have a few observations foloowed by relevant some options strategies to recommend.

       &nbs... These strategies are based on the concept that the March 2009  lows will hold for at least 1 year and that Mr' Buffett has selected stocks with a margin of safety in his portfolio. As an aside, I was amazed that the overall attendance was up and that my walk through Borsheims, the high end jeweler, was remarkably easy with many visible counters and idle sales people.The free food line was longer than I've ever seen. Draw your own conclusions.

       &nbs...  Let me preface these recommendations with the disclosure that our hedge fund has medium to  very large positions in all the names that follow as part of a strategy that has little to do with this discussion.

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    Tags: COH, NRG, BRK.A, BRK.B, WFC, BNI, opitons, buffett
    May 08 05:41 pm | Link | 1 Comment
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