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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 222.55

-4.4%

Nov 18 3:59 PM EST

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To: Paul Viapiano who wrote (69913)	7/27/1999 1:03:00 AM
From: Eric Wells	Read Replies (1) of 164684

>>9% is nothing... I think the impact is more psychological. I would think twice before investing in a company in which there was such a large amount of insider selling among top management. Sure, 4 million shares is less than 1% of AOL's total outstanding shares. But it's 4 million shares owned by top management who have very strong knowledge about forecasts for the company. Certainly, if there was strong conviction among AOL management that the value of those 4 million shares was going to double, or even increase by 50% over the next 12 months one might think they might not have sold. -Eric

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