Some people here seem confounded that an oil company moves together with the price of oil
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Only lose money with this stock
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I litterally just made money with it 5 minutes ago
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I don't believe it.
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This is a penny stock that Buffet bought to mix in a bit of fun and risk in the portfolio. It's been in a consistent bearish direction since 2022 November and now bounced back exactly where it was technically predictable.
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...and you believe that he's playing games with client's money. Interesting.
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It's 4.22 percent of the entire equity portfolio of Berkshire, so yeah, it's pretty insignificant regarding the entire strategy. Insignificant enough to take the high risk this share carries.
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OXY is stable for long term investors. Still buying stock. Expect to hit 65 this week.
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If above 60 levels could be held that would signify some strength and upward potential.