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

To: Mark Fowler who wrote (59130)	5/28/1999 9:54:00 PM
From: KeepItSimple	Read Replies (3) \| Respond to of 164684

> Anindo i think the worst is over. If so, why did one of the two largest AMZN shareholders just hedge their entire position with an offshore offering today? A swiss franc issue, 20MM Call warrants, strike price $200, expires February 28, 2000. Now 20MM warrants is equal to only two shareholders shareholdings. Mr. Bezos, or Deutsche Morgan Grenfell. Now I will ask this Board to speculate as to why anyone would want to buy those warrants, but most importantly whose shares are backing them, if at all. Could these be covered calls? And if they are, is someone protecting his/her downside even more? Why did GS sell this deal in Europe and not in the States? This story gets smellier by the minute Longs. I can only speculate, but it seems to me that GS is helping one or the other shareholder generate some income now, protect the downside, and keep it relatively quiet. The question unanswered that I wish you would add to is: for 20MM calls, there are only two potential writers: Bezos or DMG. They are as inside as it gets. If the risk/reward has pushed the curve down, then logically speaking, the two biggest insiders have made a bet that the stock will not indeed hit $200 by Feb 28, 00. For devotees of this stock, that would mean a fairly lame return. Yes? And why sell it in Europe? Just because of demand? Or need for operating under the radar? I think is very significant news.