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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Jan Crawley who wrote (37600)	1/29/1999 2:05:00 AM
From: GST	Read Replies (1) of 164684

Jan -- when all is said and done, I think the trend is down. When the stock is at 60 (perhaps sooner than most expect), the same people who say the stock is doing fine now will tell us they got out at 190. The converts offered today look like dilution to me, although I had a lot of help in reaching that conclusion. I got sent off by Iceshark to check out Reg S, and what I found was some sleazy deals with very similar structures by desparate firms who subsequently tanked in stock value. This is not a Reg S, which means an offshore off the record deal. But it stinks like one for stock holders. Maybe that is why they warned stockholders not to play the stock. They knew that they were going to 'restucture' their finances in a way that would giver them some legal exposure when this thing starts to sink. That explains why they basically said -"stand clear, we are going to save the business even if we have to sink the stock price." I hold puts -- what do I know.

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