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


To: DepyDog who wrote (728)4/7/1999 5:53:00 PM
From: Michael & B.Anne  Read Replies (1) | Respond to of 1652
 
hi depy,

1) I am pleased (really) that you have done so well with AOL. If I had not been totally weaned from being a momentum player ... I would not continue to sit here and watch BRK stagnate month after month. But that said, for everything turn, turn.

2) I am highly reluctant to offer advise .. especially given your profits and my lack of movement. But that said, for everything turn, turn.

You might consider putting some sort of stop loss on the AOL ... consider protecting your gains at some level .. while it is not certain ... there is always a possibility that if it falls, it will fall very fast. Or if not a stop order, then consider buying some way out of the market puts.

Having won in robbing the bank .. a good strategy is to make sure you get away with most of the money.

again, forgive me for my impertinence

your friend

michael