Berkshire Hathway buy to fuel interest in Burlington Northern Santa Fe (BNI) stock
By Mark Moneymaster
November 03, 2009 10:04 AM
November 03, 2009 10:04 AM
Symbols: BNI
The decision by Warren Buffet company Berkshire Hathaway Inc. (NYSE: BRK) to buy out Burlington Northern Santa Fe (NYSE: BNI) for $44 billion is likely to fuel up the interest in Burlington Northern Santa Fe (BNI) stock in Tuesday's trading from its last closing level of $76.07.
The surge is likely despite the fact that Burlington Northern Santa Fe (BNI) stock has been showing weakness on charts for sometime, and has retraced below its 200 days MA.
Burlington Northern Santa Fe (BNI) stock may, however, evoke traders' interest on account of investors' faith in Warren Buffet's past readings regarding stock market, which have always proved fruitful.
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