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Non-Tech : Berkshire Hathaway Class B
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To: chin who wrote (604)3/1/1999 10:34:00 AM
From: Richard Forsythe  Read Replies (1) of 1652
 
Remember that when the GRN merger closed, a huge amount of BRK stock was issued to people who are not long term types. These people will do a quick annualized return calculation and sell if the number is high enough. I imagine there is enough of an overhang to keep the stock low until at least earnings on 3/13. That may contain some interesting surprises, and could drive the stock higher immediately... Or, the stock may languish for another 6 months while long termers pick up the stock at bargain rates. It's just a question of exhausting the "easy sellers" in the market.
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