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To: art slott who wrote (2546)8/19/1998 3:00:00 PM
From: mike.com  Read Replies (2) | Respond to of 4748
 
Me too Art. You don't really think Buffet would consider this a good company though do you? I believe he looks at fundamentals which are terrible here. I got in hoping for some kind of pop on news. I guess I should have taken my profit when it went to 2 1/2. I could have bought even more now. See, I don't have to worry about paying taxes on any profit because my losses so far this year are huge. And now they are even increasing as I hold this stock.



To: art slott who wrote (2546)8/19/1998 3:04:00 PM
From: Jay Hardy  Respond to of 4748
 
The trouble with comparing your investing strategy to Warren Buffett is that I doubt you have the leverage of borrowing from a re-insurance company 10-30 times what you personally have invested which skews your returns like crazy.
On top of that with the sizes of his purchases he has gotten deals that we'd never get- Preferred stock for instance.


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