Apple Crash Update: As Warren Buffet Loses 4 Billion in One Day!

 

https://www.marketwatch.com/story/warren-buffetts-big-bet-on-apple-has-one-wall-street-trader-asking-has-he-lost-it-2018-11-05

Apple investors are getting hammered including Warren Buffet. Warren Buffet has the biggest stake ever in Apple. I cannot see the logic of buying anything at extreme record highs but rich people are the only ones that can waste their money buying high price stocks. It’s all the other investors that are going to get sucked into thinking that Apple stock is still going to the moon.

https://www.cnbc.com/2018/11/02/warren-buffett-loses-nearly-4-billion-in-single-day-on-his-apple-stake.html

Warren Buffet is  buying his own stock back as well. If $4 billion is not enough, then just follow this saga as the world is slowing down and heading into another recession. Buffet bought IBM the same way, and look how that turned out. In recent months the Gold/Apple ratio has been the most expensive around the 8:1 ratio and today it sits at 6.0:1 about the same it was back in August 2018. A cheap Gold/Apple ratio is about 21:1, which may never get hit again but when any ratio starts to hit a price brick wall, then this is a sign of a major top. I think Apple is also at a Cycle degree wave 3 peak and they do not correct in just a few months as it could take years for this impending bear market to play out.

Hits: 12

Share this...
Email this to someone
email
Print this page
Print