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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 9:30 AM EST

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To: Glenn D. Rudolph who wrote (118828)2/28/2001 3:11:43 PM
From: Alomex  Read Replies (1) of 164684
 
A recent news article posted here pointed out the possibility that arbitrageurs have been buying AMZN debt as well as shorting the stock. Then they will agree to convert the debt into stock aft 40-50 cents on the dollar and make a mint. This is another way for Amazon to retire debt. It would be dilutive, but not terribly so above and beyond the shorting that has already taken place...
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