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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (2810)	2/12/1998 10:33:00 AM
From: Candle stick	Respond to of 18691

These 2 form 144 filings for AMZN were just brought to my attention from back in November 1997. They are for large amounts of stock:(Emphasis is mine) 144 $9,134,991 167,000 6 - N,S,N,N,N,N 54.70 11/28/97 144 $38,185,005 802,527 4 - D,N,N,S 47.58 11/21/97 Remember, 144 filings are NOT for stock already sold but for stock being registered to be sold.....we will see a form 4 filed after the actual sale takes place....so far none of those. that means the stock is still hanging over the market or was sold to recently to have been filed yet. That *802,527* shares could be BEZOS himself. Kirby, I found the answer!! Read below quote from EDGAR Online..... "144: This form must be filed by "insiders" prior to their intended sale of restricted stock (issued stock currently unregistered with the SEC). Filing this form results in each seller receiving an automatic exemption from SEC registration requirements for this one transaction. *A Form 144 is NOT an EDGAR electronic filing;* each 144 is filed by the seller in paper during the day at the SEC. EDGAR Online cumulates and adds all of the current day's 144 paper filings to our electronic database at the END of each business day. The value of the EDGAR Online end-of-day listing of 144's is that the first notification of a 144 filing sometimes is the precursor of other 144 filings. 144 sales frequently come in clusters caused by events such as the end of a "lock-up" period or stock options being exercised and can be used to successfully project the onset of increased "sell side" activity in the stock of the target company. Other uses of 144's include targeting individuals who will be coming into money and may wish to deploy such funds. Thus this timely information is the source of myriad business intelligence uses." >>>A Form 144 is NOT an EDGAR electronic filing;<<<< Here is your reason...somehow Edgar never reported the 2 earlier filings in November. I thought it very strange that no one filed when the lockup ended, but now we know the truth. Looks like someone at AMZN got "lucky" that their filing never showed up. Lucky, yeah right.........;^)