Follow the leader

When you do not have a fundamental source of information, it will be better to follow the leaders.

When you see some steps from Buffett, Soros or Icahn, you can imagine what will be the next steps.

Look to this:

• Berkshire Hathaway, run by billionaire investor Warren Buffett, said in an SEC filing that it had almost doubled its stake in Dow stock Johnson & Johnson.
• Berkshire has also taken stakes in railroads Norfolk Southern and Union Pacific, as well as insurer Wellpoint.
• George Soros has more than doubled his holdings in Dow stock Microsoft.
• Carl Icahn's Icahn Management bought a large stake in Anadarko Petroleum.

All this news in a day, with an additional private equity business: Bausch & Lomb agreed to be taken private by Warburg Pincus for nearly $3.7 billion in cash and stock.

We are in May. Statistics show that, you have to sell in May!