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

To: llamaphlegm who wrote (16943)	9/11/1998 9:35:00 PM
From: Oeconomicus	Respond to of 164684

Agreed, Llamaphlegm. In fact, I suggested any number of "hedging and monetizing" strategies were likely at work for Bezos and other insiders last year and again this spring when big open interests started showing up in longer term near the money puts and calls (collars) and deep in the money calls (as a substitute for shorting). The reason Covey and other employees have simply sold is that these were likely option shares. They couldn't do swaps or collars before they owned the stock and now they'd rather have the cash. Besides, they know the bulls will downplay their sales anyway as "normal". Regards, Bob

To: llamaphlegm who wrote (16943)	9/11/1998 9:38:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

>>He agrees to give to MSDW the total return on his AMZN holdings and MSDW agrees to give him the total return (capital gains plus dividends) on some index -- we can just say the s&p 500 minus of course a nice fat transaction fee. MSDW, no fools they, just hedges it's amzn position by shorting an equal amount. Oh, I see. That's how Bill Gates got to $50 billion...by off-loading his Microsoft risk! Jeez. When exactly did Jeff enter into this arrangement? How then is he worth a billion?