Hi I owned 8 shares of the b stock, sold @ 2300, bought 2 back at 2150...However, I have these concerns...
1)suddenly the situation is messy. GRN merges (when ?) and individuals and fund holders may sell it 'cause they can't or won't own BRK. BRK is not in the s and p index (now anyway). GRN employees may have had stock options. do they get options on brk. How would other BRK employees feel if they didn't have options but the bloke in the next office did ?
2) KO is getting the crap kicked out of it today, and it may get more next week. They've acknowledged growth rate problems, and I assume if that affects KO it would affect Gillette too. AXP is having a horrible day,as is the finance sector (WFC).
3) Buy and hold people seem to be dwindling and day traders are on the rise. Perhaps BRK isin't one you'd day trade.
4) if people are up on BRK, they may crystallize their cap gains in january, to avoid paying tax in '98, however, that's not far away...and this could drag the stock down further...
5) I don't like what I see in the overall mkt either and I'm fearful of Y2K...
6) didn't Warren say the mkt was overvalued a while ago...Did he trade his own stock for grn simply because he thought his own holdings were overvalued ?
So, I think I'll keep my 2 and watch on the sidelines...Hey , maybe I'll just go to Omaha in May and hear our man first hand !
Comments are welcomed and requested...
Howard |
