Warren Buffett's Cash Pile

We’re entering the close of the year. Christmas is slowly starting to appear in the shops, mulled wine is featuring on menus, and sales teams are getting the “let’s circle back in the New Year” objections.

But the market remains open for business and so traders get little rest until the four-day spell from Christmas from Friday the 22nd until the markets reopen on Wednesday the 27th.

A lot has happened since the last edition, so let’s get into it!

But before we do - I’ve relaunched my YouTube channel and I’m now posting weekly videos every Monday.

Along with my free trading course coming soon.

Warren Buffett has been busy. Last quarter Berkshire Hathaway sold $7 billion of stock. And bought only $1.7 billion.

So what did he buy? We don’t know, because he asked the SEC to treat his holdings as confidential for now. Which they allowed.

But the cash pile has grown to a record $157 billion. It’ll be interesting to see when he starts to buy.

Because then maybe he’ll be being greedy whilst everyone is fearful?

IQGEO (IQG)

Last month I highlighted IQGEO as a potential short if support broke.

Support did break, and the stock collapsed.