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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (9131)	5/24/1998 11:32:00 AM
From: Mike Farrar	Read Replies (1) \| Respond to of 18691

MIKE SHORTS-WARNING-DONT GET BURNED Earnings after the bell on Wed. Last 2 earnings shorts have been burned by 20% to 30% rises after earnings. Sales reportedly even stronger than expected ( i guess due to this insane economy ). This is a message from a fellow you know what that sold short at 36 in mid April. Good luck shorts. Even a good play for longs or options for about 2 weeks after earnings. Stock has a 10.27 day to cover ratio as of April. Will short again soon. Mike

To: Dale Baker who wrote (9131)	5/25/1998 1:34:00 AM
From: chester lee	Read Replies (2) \| Respond to of 18691

<<Anyone thought about shorting BRKA and BRKB in a general downturn? If BRKB breaks current support at 2370, there is nothing to hold it up until the low 2200's. I don't see Buffett trading heavily to get out of the way of a market correction.>> Dale, you need to read Forbes June-01 mag, page 48, where Buffet comments on how the current estimate of BH having to pay one 1B of taxes is probably low. The implication is that Buffet must be selling a lot on long term winners to incure that sum of fed tax (at 38% corp taxes). Buffet selling is surely a sign of a market sell-off. Look-up at www.forbes.com I subscribes to the hardcopy, so I don't know the exact URL. Chester