Double bottom (W) pattern with BUD?

byronio said: "I've tried not to post anything here until I at least had a vague idea of what I'm talking about, but I'm tired of waiting for that, so I'll ask this anyway: I noticed that Warren Buffet picked BUD as a buy. When I look at the 3 month price chart for BUD, I think I see a classic double bottom (W) pattern, with the handle going down a bit......I have read that this is a sign of a possible break up, but I also notice that BUD has been going down since August, so do you think that everybody that bought the stock between August and April will want to end the misery by dumping their shares as soon as the price reaches where they bought, just so they break even? And if that happens, isn't that a case of overhead supply, which will prevent the price from going much higher? I don't know my ass from a hole in the ground, so if any of you who know what's going on can spare a few minutes to weigh in, I'd appreciate it."

HappyHarry said: "You may be right. BUD has a lot of strong points."

AlfredSokol said: "Remember one thing: Buffett usually buys for reasons that we don't understand, or we find out about much later. He usuallys buys on value alone. BUD is a dominant player in beer."