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27-Jun-08
Reading Berkshire's Chart
I've found that Berkshire Hathaway (BRK-A), run by a man with no use for technical analysis, is more technically driven than just about any stock I deal with.
That may not be the definition of irony, but it's not far off.
I guess this is because 1) there are not many traders who want to swing 115K chunks of stock around and 2) the stock attracts people who are thinking in the long term anyway.
Look at how BRK has struggled to clear each major round number, then usually dutifully held above it.
I'm holding the B-shares, which basically mirror the performance of the A-shares. Are we about to see a break above 120K?
Posted at 10:25 in External Blog | Permalink | Comments (0) | Top
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