| "Emotional Capital is the single most important trading asset in your arsenal."
-- The Trader
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| | | Greetings Traders:
This week's complimentary simple swing trade idea is Berkshire Hathaway. The pickings were a bit slim this week given the fact that we're hanging out around new all time highs... However, BRK.B is 1 of 6 or 7 pretty good candidates my scans delivered.
Note this is the Berkshire Bs (also known as the baby Bs). The As trade for more than $300k per share right now, so I thought it prudent to suggest the Bs. That said if your pockets are big enough...
The weekly and daily patterns should be pretty self explanatory if you've followed my work for any amount of time. As always, minimize your risk by controlling your trade size (number of shares) and entry mechanics. |
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Berkshire Hathaway Inc., through its subsidiaries engages in insurance, freight rail transportation, and utility businesses. It provides property and casualty insurance and reinsurance, as well as life, accident, and health reinsurance; and operates railroad systems in North America. The company also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydro, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, and compressor and meter stations; and holds interest in coal mining assets. In addition, it offers real estate brokerage services; and leases transportation equipment and furniture. Further, the company manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; flooring, insulation, roofing and engineered, building and engineered components, paints and coatings, and bricks and masonry products, as well as offers homebuilding and manufactured housing finance; recreational vehicles, apparel products, jewelry, and custom picture framing products; and alkaline batteries. Additionally, it manufactures castings, forgings, fasteners/fastener systems, and aerostructures; titanium, steel, and nickel; and seamless pipes and fittings. The company distributes newspapers, televisions, and information; franchises and services quick service restaurants; distributes electronic components; and offers logistics services, grocery and foodservice distribution services, professional aviation training programs, and fractional aircraft ownership programs. In addition, it retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and computers; jewelry, watches, crystal, china, stemware, flatware, gifts, and collectibles; kitchenware; and motorcycle accessories. The company was founded in 1889 and is headquartered in Omaha, Nebraska.
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