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Did Buffet just unload his entire DAL position?

Posted on 4/3/20 at 4:22 pm
Posted by The Egg
Houston, TX
Member since Dec 2004
79115 posts
Posted on 4/3/20 at 4:22 pm
Posted by POCKET
Member since Nov 2011
2606 posts
Posted on 4/3/20 at 4:26 pm to
Looks like it. Down over 9% after hours
Posted by big_tuna
Member since Jun 2019
596 posts
Posted on 4/3/20 at 4:30 pm to
ohhhhhh shite
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 4/3/20 at 4:41 pm to
still has 58 million shares
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41158 posts
Posted on 4/3/20 at 4:46 pm to
He did the same with LUV
Posted by go ta hell ole miss
Member since Jan 2007
13615 posts
Posted on 4/3/20 at 4:59 pm to
Buffett won’t be selling airlines

This market even has Buffett backing down. Berkshire sold Wednesday and Thursday. At least it wasn’t reported until after the close on Friday.
This post was edited on 4/3/20 at 5:01 pm
Posted by rintintin
Life is Life
Member since Nov 2008
16157 posts
Posted on 4/3/20 at 5:15 pm to
quote:

entire DAL position


See the "Post shares" and "percentage change"? He still has a shitload of shares.

But that is surprising. He's usually in it for the long haul and he just purchased shares in Feb. Never thought he was one to time the market but looks like he is expecting more pain.
Posted by Sput
Member since Mar 2020
7884 posts
Posted on 4/3/20 at 5:21 pm to
You don’t have to be Warren Buffet to see airlines are going to be shitastic for the next few years
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
19654 posts
Posted on 4/3/20 at 5:23 pm to
Delta at 22 seemed like a good idea when I bought a bunch today.

I guess it will go down further on Monday.
Posted by Lgrnwd
Member since Jan 2018
5213 posts
Posted on 4/3/20 at 5:27 pm to
If you liked it $22, you are going to love it at $12
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
19654 posts
Posted on 4/3/20 at 5:30 pm to
Yeh. I would with delta. They make it through this I think.

Several other airlines maybe not
Posted by go ta hell ole miss
Member since Jan 2007
13615 posts
Posted on 4/3/20 at 5:36 pm to
quote:

If you liked it $22, you are going to love it at $12


Well, at least I got a laugh out of the deal. Might be an expensive laugh, though.
Posted by TigerDeBaiter
Member since Dec 2010
10257 posts
Posted on 4/3/20 at 5:39 pm to
Sure looks like it. frick him
Posted by Pendulum
Member since Jan 2009
7042 posts
Posted on 4/3/20 at 5:42 pm to
What in the world is this guy gonna buy. They must have 150 billion or so standing by. Itd be pretty easy to make a list of companies he couldn't afford to buy outright.
Posted by TigerDeBaiter
Member since Dec 2010
10257 posts
Posted on 4/3/20 at 5:53 pm to
No clue. Could just be a large tax harvesting process. Wouldn’t be surprised to see him buy back after 30 days. But sucks that it’ll be in the dumps until then
Posted by go ta hell ole miss
Member since Jan 2007
13615 posts
Posted on 4/3/20 at 5:54 pm to
quote:

What in the world is this guy gonna buy. They must have 150 billion or so standing by. Itd be pretty easy to make a list of companies he couldn't afford to buy outright.


He could probably sell his stake in DAL on Monday and take the company private after they file. Their CEO is not making things any easier after hours either.
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9565 posts
Posted on 4/3/20 at 5:55 pm to
It's going to be a rough ride until the markets open Monday.
Posted by bstew3006
318
Member since Dec 2007
12571 posts
Posted on 4/3/20 at 6:26 pm to
He’s about to buy and make a big play...what could it be
Posted by tigers win2
Baton Rouge
Member since Oct 2009
3837 posts
Posted on 4/3/20 at 7:20 pm to
He owns 58.9 million shares after these transactions.
This post was edited on 4/3/20 at 7:22 pm
Posted by The Egg
Houston, TX
Member since Dec 2004
79115 posts
Posted on 4/3/20 at 7:58 pm to
My bad, son of a bitch still owns a ton of shares
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