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Old 16th February 2013, 06:48 PM
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Re: warren buffet takes stake in verisign stock

Quote:
Originally Posted by chrisofmel View Post
BH really does not trade everyday or flip short term plays they only added two new stocks in the 4th quarter. below is a list of their holdings, but vrsn is a relatively small purchase 3.7 million shares.

http://www.dataroma.com/m/holdings.php?m=brk
I suspect that a lot of their profit comes from suckers that follow them into their plays driving stock prices higher. Buying big stakes by negotiation cheap, followed by massive publicity and then inevitable price hike as the dream chasers move in. They seem to liquidate quitely and then move on to the next mark.
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