Berkshire Hathaway Class B Message Board

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Non-Tech : Berkshire Hathaway Class B

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To: Bruce McGaughey who wrote (530)	2/4/1999 9:40:00 AM
From: Leroyt	Read Replies (1) of 1652

My opinion is that it is PRIMARILY the result of the wider circulation provided by the articles in the NY Times regarding the valuation of the Paine Webber analyst. The article was reference in last Sunday's Times from the front page and a large article on page 10, I believe. JMHO. BRK was a pressure-cooker waiting to pop. Oh yes, I do agree that the GRN shareholders were selling off. The theory being that several institutional investors are required by the by-laws to own on S&P 500 stocks. GRN was S&P 500 but BRK is not. The volume of the B shares tripled the normal average starting around the beginning of December (as I recall). Actual final date of purchase was Dec. 22 (I believe). Selling pressure hasn't be just larger than normal but LARGE blocks of BRK.B have been sold (1,000 and 1,500 share blocks) on a regular basis. Each of those is a several million dollar transaction and is NOT typical. Looking for MUCH more upside myself. As it was last year, I'd like to see it overshoot the present mark (by me) of $90k and head up OVER $100k (A shares). best to all and later, leroyt

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