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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject2/15/2001 5:27:57 PM
From: mike60613   of 100058
 
CEO Jeff Bezos Selling Amazon Shares to
Diversify

WASHINGTON (Reuters) - Amazon.com Inc. (NasdaqNM:AMZN -
news) Chief Executive Jeff Bezos has filed with the Securities and Exchange
Commission (news - web sites) to sell 425,000 common shares, valued at
$12.5 million, of the Internet retailer's stock.

He is selling ``for liquidity and diversification, and it represents significantly
less than 1 percent of his holdings,'' Amazon spokesman Bill Curry said.

he's selling for liquidity ROFL - it's called get something while you still can without trying to alarm the masses - he just filed to get rid of 1% a couple weeks ago ....
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