Looks like Buffett is added again buying $80 million at the stock. Let's go ahead and break it down guys. Waren Buffett Just invested over $80 million into the stock and this is Liberty Series XM Group and this is shortly after an acquisition that they had or emerger that they had back in August of 2023 so it says executed on January 4th. This transaction involved the acquisition of over 1 million shares at a trade price of 2976.

Now obviously Warren Buffett is viewed as one of the greatest investors if not the greatest investor of all time, right? So his main focus is always fundamental analysis When we look at this at the face. Valley Obviously just on the technical side, it's consistent descending pattern even on the day chart lower highs, lower lows. But ever since again, that acquisition from lows of $22 Um, this article states that it's up 28% and I want to show you this. You let me know in the comments section what you think very quickly.

this acquisition has elev elevated the firm's position into the company of 2% of its overall portfolio, reflecting in 6.52% ownership stake in Liberty series. Um, as a company, right? One thing that I want you to be aware of is it says okay, so since it's purchase and since its merger and rebranding in August this stock has gained 28% The reason I don't see that to be super fair is obviously anything gaining 28% sounds absolutely insane. As of right now, it's up over 32% but when it was at 20, you know when it was in a at like in August it was at $22 per share. The reason is because it had a significant drop from 32 all the way to lows of 22 and it was at 52- we lows.

So that's like me trying to Hype up a stock that just hit 52e lows. And and obviously it's either a dead cap bounce or has this consistent descending pattern and it's rallied and it's like, yes, oh great, it's up 20 30% But guess what? It's still a consistent descending pattern that has been forming lower highs and lower lows since its previous highs. So I I don't necessarily see the value of okay, you know it bounce here. It also bounced earlier, right within 2023 and then it moved up to the moving average which then ultimately ended up getting rejected and then sold right back off.

So are we going to say that in, you know what is it? Uh, March of 23 that it gained you know, 20 30% and then it gave back. You know, 40% of whatever it is that it made I mean that that comment just necessarily didn't make sense to me. Um, according to this Lsxma stock analyses, um, you know they get into according to trading view. Uh, this thing is considered a strong buy and with a comprehensive evaluation, these indicators assigned a strong buy rating.

at 16, you let me know what you think, right? Obviously I would say the most credible thing. Uh, when it comes down to this and again, it's LSX ma or Lsxmk Uh, pretty much the same. the same crap. It's a consistent descending pattern.

When you look at this on the week chart, you can see that overall descending resistance. the lower lows, lower highs, and when it hit lows of $22 I Mean yes. I would say because of a merger and rebranding, Maybe this is why Warren Buffett one of the greatest investor of all time is seen more value in something like um Liberty Media But ultimately I don't think it's you know, fair to. State Okay, we're at 52, We lows.

We've bounced from here. We're up 28% if we want to make that comment that okay, in the past four months, it's up 28% Let's also talk about how it's down 50% year-over-year right? Um, and I think that's a great perspective to put is like you can try to twist anything to make it look good when ultimately it's still a descending stock based off of recent patterns. I Do agree that based off of overall patterns from lows to highs, it is a little bit more on the oversold side. So what happens if Warren Buffett is correct, right? What happens if this thing from you know, lows of $20 It goes all the way back up to its previous resistance of 55.

Let's talk about best case scenario: 81% Roi is what it offers and maybe that's what Warren Buffett sees in its near future. Right when looking at this overall big picture I mean again. Ultimately, it was at all-time lows. He got it nearly close to that, um, previous low I think his um average purchase price was what? um, 20? What was it 2976? So not far off alltime lows, it's at 2201, but now we're trading at $30 My question to you is, is this a stock that would meet your criteria or is it too early to tell because of this consistent descending pattern? That what if it ends up getting get rejected here as it has in the past before, right? we can easily see that there's been a consistent descending pattern.

Again, patterns tend to repeat themselves. They don't always have to. There could be any reason on why it would break above and there. At that point, it would make sense to, potentially, you know, enter into a position when it's finally doing something that it hasn't done in the past before.

But as of right now, at least in my opinion, just on a simple technical analysis, it's very easy to see that it's too early to tell because of that strong descending pattern on the weak chart that I wouldn't be surprised if it ends up getting rejected as right now we're more at a resistance range based off of previous descending patterns than we are at a potential support range. But of course things can change and that's why I wanted to film this video to get different perspectives and different opinions to see if this stock would meet your criteria. and I always find it interesting to get an inside look on what some of the most successful and also um, what some of the most you know, um, wealthy investors are doing today. so you guys let me know down in the comments section what you think I Hope that you guys enjoyed this video.

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let's make sure that we end the year on a green note. Take Care Team!.