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Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (374)	12/11/1998 5:19:00 PM
From: JWC	Respond to of 1652

I can't see day trading a stock at this price. I have some shares of B and for now I am just holding them. Over all I am up. My average price is under $1300.

To: re3 who wrote (374)	12/12/1998 2:00:00 AM
From: Fredman	Read Replies (1) \| Respond to of 1652

drop me a line if you come to Omaha, we can do lunch at the Shareholder's meeting. Funny thing is, at the shareholder's meeting, the Coliseum is a PEPSI joint, so they take great pains to plaster over ALL references to pepsi in the joint. That, and the crap food isn't cheap - a simple sloppy Joe is 4.00 or 5.00, so i leave and run across the street to Arby's, or any of the other fast food joints nearby....

To: re3 who wrote (374)	12/12/1998 5:50:00 PM
From: Terence Mitchell	Respond to of 1652

Hi maxx99, .....Comments are welcomed and requested..... 1.(a) GRN merges (when ?) probably before Dec 31/98 1.(b) GRN employees may have had stock options. They do 1.(c) do they get options on brk. I believe so to replace there existing options BRK just issued 700,000 more class B shares to cover the above. 1.(d) How would other BRK employees feel if they didn't have options but the bloke in the next office did ? There are truly only about 12 or so "true" BRK employees (in Omaha), the rest run themselves providing whatever incentives that are appropriate for each individual company. 3.(a) Perhaps BRK isn't one you'd day trade. Nope ! 4.(a) if people are up on BRK, they may crystallize their cap gains in January, to avoid paying tax in '98 I don't think so 4.(b) however, that's not far away...and this could drag the stock down further... the stock may still go down, however the intelligent money in my opinion will bet that this stock will be back up once all this General Re and S & P stuff is out of the way. 5.(a) I don't like what I see in the overall mkt either and I'm fearful of Y2K... why don't you have a personal Y2K plan, ie take copies of all your bank and stock and credit card statements etc prior to Jan 01/2001. (who knows they may be using pencils again) and at least you'll have proof that as to your status. Similarly have enough "real" money on hand, just in case. etc 6.(a) didn't Warren say the mkt was overvalued a while ago... yes sometime ago, but he also said recently that he had lot's of money to buy bargains. (probably GRN) 6.(b) Did he trade his own stock for grn simply because he thought his own holdings were overvalued ? I think that's pure conjecture and I for one wouldn't try to second guess him. regards, Terence Mitchell