Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

lastlib

(25,436 posts)

5. Possibly good timing on his part...

Reply to mahatmakanejeeves (Original post)

Fri Aug 2, 2024, 03:06 PM

Aug 2024

Financials have recently hit a peak, and have been among the big losers the last couple days, with prospects of more of same, given recent trends.

My puny financial holding hit an all-time high two days ago, and slid substantially since.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

5 replies

= new reply since forum marked as read

Highlight:

Buffett's Berkshire sells $3.8 billion worth of Bank of America in 12-day selling spree [View all] mahatmakanejeeves Aug 2024 OP

Any explanation of why they're unloading BofA stock? brush Aug 2024 #1

It had greatly appreciated recently. It hit 44 a few days back. Good time to take some money off the table. mahatmakanejeeves Aug 2024 #2

Ok, profit taking is what good investors do. brush Aug 2024 #3

Taking some profits. Will reinvest that in something else and keep making more money Bristlecone Aug 2024 #4

Possibly good timing on his part... lastlib Aug 2024 #5