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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (144909)8/6/2002 7:13:23 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
LOL! betcha Markus Brutus Fowler still has every Amzn share he ever bought.
If you believe that I'd love to sell you some swamp property in Florida I own where even the mosquitoes won't go near.



To: Glenn D. Rudolph who wrote (144909)8/6/2002 7:25:16 PM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
OK, how many shares have been added to the float by insider sales and at what price, what are the cumulative losses suffered by the public buyers, and how does that compare to the cumulative gains on shares sold to the public by the company itself?

OTOH, never mind. It's not important. It has been generally known since the IPO that Amazon was burning through every penny it could raise, and predictions of eventual bankruptcy have also been widely made, yet public investors chose to continue buying the stock regardless of price. Are you going to legislate away bad investments? What was that you were saying about taking responsibility for our actions?

BTW, would you also outlaw insider sales in profitable companies if the stock subsequently falls? After all, those insiders must have known something or mislead someone.

PS: Should a pre-IPO shareholder who is not an insider, but rather got the shares in payment for goods or services, be prohibited from cashing out of his investment, too? There were a few of those in AMZN "insider" sales over the years.



To: Glenn D. Rudolph who wrote (144909)8/7/2002 12:53:36 AM
From: 10K a day  Read Replies (1) | Respond to of 164684
 
> The company continues to
lose money at the rate of a $1 million per day


Gee that's great...