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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (32736)	11/14/2008 5:27:38 PM
From: Jurgis Bekepuris	Read Replies (2) \| Respond to of 78652

Buffett's 13F just came out today. Here are my notes: Sold 50% of small BAC position. Heh, I told you guys that BAC was not really endorsed by Buffett. :) Sold about 10% of Carmax position. Heh, another blah company that was purchased for reasons unknown. Bought about 25% more COP and this is on top of more than 100% increase that was secret and not revealed in last quarter's (6/30) fillings. This is huge. Heh, I think maybe Buffett is secret Peak Oiler like I am. :) New tiny position in Eaton Corp. I will take look at it. Sold about 10% of HD. Hmm, wth is this? Not typical for Buffett to sell 10% of positions. Sold about 10% Lowes. See above. Bought about 40% of NRG Energy. As I told last time, I have no clue what he likes in NRG. :) Bought about 10% USB. He claimed to have bought WFC in one of his interviews. I do not see any purchases of it in the filling. Maybe he was misquoted and he meant that he bought WFC for his personal account, but I am somewhat miffed about this gaffe. Not that I hold WFC or anything. ;) So to summarize: COP move is the only one that is interesting to me. His sale of BAC is definitely not a vote of confidence, but he did not buy much of USB/WFC for me to claim that these are very attractive. Edit note: it is possible that the small purchases and sales are not Buffett himself. I doubt BAC, Carmax, Eaton, HD, Lowes, NRG is Buffett, but I may be wrong.