Posted on May 6th, 2008 at 9:11 PM
I noticed that (BUD) came up on my XTL breakout scan the other day. I was wondering how Warren Buffet is doing on his trade. It was April 21, 2005 that it was announced that Mr. Buffett had taken a large stake in (BUD).
Now, Lets take a look at the weekly chart:
I cannot be certain what his exact cost basis is. It traded in the high 40's the day of the announcement.
Now, we have an XTL breakout in (BUD) and we can potentially buy this stock on a false bar stochastic pullback trade.
We can go long With Warren Buffett as soon as we have the proper risk reward setup.
~Joel Stahl
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