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To: Stu R who wrote (8256)3/20/2000 10:58:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
been expecting y2002 bankruptcy from AMZN for several months
first mentioned this belief in January (either on Porch or QBuyRange thread)
they had to travel to Europe to sell corp bonds in Jan2k
the US brokerage houses are wise to their story by now
their losses are accelerating, investments slowing down
selling convertible bonds has no become difficult, bad sign
why convert a bond to a share when it is slipping badly?

ultimate bear sign: Bezos is loading wares on the shipdock

now their bonds (and other internet cashburners) are having to sell with higher yields
sounds like regression toward junk bond status to me

other Porchsters will surely remember my two previous AMZN ruination expectations, not that it is required

a massive shakeout coming later this year
expecting buyouts, consolidation, liquidations, parceling
really quite a factual and reasonable Barrons article
expect money to head into real leaders like QCOM, JDSU, ELON, etc
/ JW