BBUS, page-2838

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ralom

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03/05/20

15:33

Post #: 44406628
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Originally posted by Letting it Ride ↑

Accounts as at 31 March, show he’s a seller. His
advice today confirms this still remains the case, or at the least he remains on the sidelines. Welcome news for Bbus but not unexpected given recent comments from his senior executives.

Imo, had his advice or position been different today, bbus would have been slaughtered next week. I don’t sense that the reverse applies but l would welcome being wrong.

Regardless of market sentiment, my decision to hold and continue to average down is driven by assessment of economic data and where that leads the worlds economy, the consequential impact on company earnings translating to a further correction in company SPs. I get further confidence in my decisions when this is evidenced and supported by the worlds largest fund managers and economic analysts. Buffets comments at the shareholder meeting help resolve my position.

I remain bullish on BBUS to the point that over 70% of my current holdings are bbus or bboz. With cash reserves waiting for confirmation to reinvest for the LT. For me, this isn’t a hedge, it’s an aggressive play.

l am confident of a retest of recent lows and intend to commence an exit strategy at that point. The disclaimer being a lot can change quickly in this volatile environment.

GLTA and hopefully another week ending in the red for financial markets.

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I’m also bearish and sitting on some reserves to start accumulating at the right time .
Can I ask which specific stocks are you looking at to accumulate or is it just the index you follow?

Value at posting: 2,958.8
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BBUS, page-2838

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