Looking for a somewhat deep correction here on BRK.
If we look at price to book, it peaked at 1.57 ish and currently 1.52. it does not generally go higher than this... 1.6 on an occasion in the past.
Brk.b usually goes to at least 1.25 before it rallies again. There are occasions where it goes lower but I am not a gambler and would love to buy at 1.25
I do not anticipate that we have as severe correction as the prior situation i have highlighted, i simply think we are moving to the bottom of this megaphone pattern. Sometime BRK.B likes to dip below the megaphone pattern as a fake out before a mega rally, so that may happen too.
Bounces along the way are likely, but i think the chart plus the book value can give us a great entry soon.
Brk.b usually goes to at least 1.25 before it rallies again. There are occasions where it goes lower but I am not a gambler and would love to buy at 1.25
I do not anticipate that we have as severe correction as the prior situation i have highlighted, i simply think we are moving to the bottom of this megaphone pattern. Sometime BRK.B likes to dip below the megaphone pattern as a fake out before a mega rally, so that may happen too.
Bounces along the way are likely, but i think the chart plus the book value can give us a great entry soon.
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