We will close this trading week with two potential new speculative trades, either or both to be held in our speculative portfolio.
Let's start with our sponsors:
1. Berkshire Hathaway (Warren) own s 3.62 million shares of Republic Services (RSG), the number two payer in the waste management industry.
2. Bill Gates, Buffets's buddy, has a built a 15% stake in Republic over the years, and has doubled his holdings in industry giant Waste Management (WM) to almost 16 million shares
These are well managed, asset rich companies positioned to benefit from an economic revival. Both are "value" stocks in that they are selling at a discount to the companies intrinsic value.
With both positions use PNF support lines for stop loss. As an example, with WM stop loss at 27.00,and with RSG stop loss at 23.00
These are speculative but long term trades
