Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 239.31

-1.0%

3:38 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IceShark who wrote (22772)	10/23/1998 4:04:00 PM
From: OtherChap	Read Replies (1) of 164685

Actually, if you are interested, here is what happened. The junglee/planetall insiders had 3 million shares they wanted to dump. Bezos and Meeker and Vinik knew the stock would collapse if that much float was added. So they quickly had a meeting with the junglee/planetall folks and made an arangement where the insiders would put the shares out there to the various brokerages, and then Bezos and the gang would "borrow" all those shares for shorting (hedging) purposes. Remember when a couple weeks ago suddenly there were shares available to short? And then quickly they were all gone? And then, most damning of all, was the SEC filing by Amazon a couple days ago where they specifically added a section that said "Planetall/junglee insiders are free to engage in hedging positions" and nothing more. Coincidence? I guess if you're a sheep, you could convince yourself of that. Just dont forget- BEZOS WAS A FORMER HEDGE FUND MANAGER. Do you think he's going to totally forget about his previous career and experience when it would present him with a chance to preserve his billionaire status? Get real. (are you listening william?)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next