Speaking to the network's Becky Quick, Buffet said he sees IBM differently at this point and that he sold around 25 million of his Berkshire Hathaway's (BRK.A) - Get Report 81 million shareholding -- one of its largest -- in the Armonk, N.Y.-based software group in the first and second quarters of this year.
"I don't value IBM the same way that I did six years ago when I started buying ... I've revalued it somewhat downward," Buffet said, adding, however, that "I don't think we'll sell much more from here."
IBM shares were 2.7% lower in premarket trading from their $159.05 close. The stock has fallen around 13% since it touched an all-time high of $182.79 on Feb. 16.
RealMoney's technical expert, Bruce Kamich, thinks that "we and Warren Buffett are probably going to see a test of the October/November lows."
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