Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: H James Morris who wrote (142330)	5/17/2002 3:12:37 PM
From: Oeconomicus	Read Replies (2) of 164684

...Gene Kearney... He now owns the entire WCOM float. Recall the name, but not much else. If he rode the bubble always fully margined and got out at the top, he might have enough cash for it. In just one day earlier this week, he could have picked up half the float for only a little over a billion dollars and not even moved the market. ;-) How I'm doing is none of your freakin' business. OK, badly. Insanity prevails. But my average cost is quite low now. :-( The stock now is like having a very long-term option on the assets or it's some kind of unusually liquid (and cheap) LBO equity stake. I'm not sure which is the better analogy.

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