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

To: Glenn D. Rudolph who wrote (18545)	9/26/1998 2:39:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Sensible observation. It makes sense that CFO's, often less passionate CPA types with less motivation to do things for public show, are often the best at both understanding the numbers and picking good times to buy or sell their company's stock. Directors, CEOs and VPs are less reliable, IMO. I have seen these insiders step up to the plate to buy stock before their company heads on a major downturn. I imagine that this may be either because they were the ones who make the strategic decisions that chart the company's fate, and, therefore, they have their own egos so deeply involved that they are deluded into thinking that their personal decisions will lift the company. Or it could be that the buying is a ploy to help boost the stock price so that larger amounts of stock can be sold at the higher prices. Sometimes you see small strategicly timed buys followed by large number of sells when the stock price recovers. Joy Covey's sale of AMZN stock at this time is a good indication of what this key insider thinks about the current valuation, IMO.