I am researching the types of information
investors use to make decisions. I have to write a paper in
my Accounting Theory class about the usefulness of
Accounting information to investors, as well as other types
of information investors use other than Accounting
information. So I'm conducting a case study by posting this
message and hopefully someone will have pity on me and
throw me a bone. My email address is easyed87@yahoo.com
<<95% of my portfolio is in BRK (just like
WEB)...>>
napart, unlike WEB, you don't have a couple of million
dollars in your bank account(I assume).
You seem to be a fairly young guy. I am sure you
aware that place we live is changing while you blink
your eyes. DOW(composite of Century old industries) is
up only 12% this year, while Nasdaq(composite of
moving forces that makes your daily job easier) is up
almost 30%.
I can't believe I am saying this
but....diversify......
Don't tell me only stock you own is BRK. Hey,
what happened to your "Trading Prodigy" title? You
must've made enough money before you hit the legal age.
What a way of pissing money away, no?
--------------------------------------------------------------
95% of my portfolio is in BRK (just like
WEB)...
I know it's will come back with a vengance but it
still is disheartening to watch it drop so
precipitiously.
Greg
>> Is that a cup and handle on the BRK chart <<
No. To me, it looks like a toilet & bowl formation.
chart?
without the expletives. If you have to ask that
question, then maybe you should sell the stock. In the
market you have to be able to ride down just as you are
able to ride up. We need only the kind of stockholder
in this company who wants to be here for the good
times and will withstand the bad times. Fortunately, we
have seen more good years that bad ones and no company
can beat our record. In the last 33 years Berkshire
has bettered the S&P 500 in 30 of those years, quite
a record in anybody's book. I suggest you read the
annual report.
dial up here on the internet, (that is if you
have not been told to do so
already).
www.berkshirehathaway.com
Look in their home page for the 1998 annual report and
read every word. Then you will learn a lot about the
company, and all your questions will be answered.
Then
go out and buy yourself a few shares of the "B"
stock, you will not be sorry, especially at these
prices.
Then hold it till forever, your beneficiaries
will thank you.
"""ON the last day of 1998 BRK held 1,340,600 shares of
Wal-Mart."""
You did not see it listed because this only constitutes 0.09% of BRK's market cap.
DOE
ON the last day of 1998 BRK held 1,340,600 shares of Wal-Mart
There are a lot of great services on the internet
that do some pretty handy stuff, especially for
investors, but as technology evolves so too do these
features. Here's a great new one that has an invaluable
application.
It's called Sleuth and what it does is track the most
important and the most minute details about a company. For
example, a friend of mine told me that he subscribes to it
for a certain stock and one morning the Slueth
emailed him that the company had purchased a couple new
domain names (web site addresses).
From that, he
was able to ascertain that they were moving into a
new business area and one that he felt certain would
succeed.
Imagine, hypothetically, that you were holding IBM and you
got a sleuth report that they had bought the domain
"www.ibmcable.com"
Wouldn't that be an early heads-up that they were going
into cable long before the world saw the press
release?
It also will notify you if personnel changes are
made, litigation ensues, patents or trademarks are
registered, and even of rumors circulating. It also gives you
the latest short interest, analyst reports, earnings
forecasts, and technical trading too.
It is entirely
free via a link at www.stocktoys.com
We all
know that details make the difference, even for BRKA
Don't tell me only stock you own is BRK. Hey, what happened to your "Trading Prodigy" title? You must've made enough money before you hit the legal age. What a way of pissing money away, no?