Filthy Rich Jeff Bezos Sells $200 Million Worth of Amazon Stock
The Bezos windfall comes at a time of "fiscal cliff"-related uncertainty with investors fleeing names as big and dominant as Apple (AAPL) because they want to save a buck or several million in capital gains taxes.
I take this as a bullish sign.
If money meant much to Bezos, he would be kicking himself right now. Dude sold that 900,000-share lot in 2010 for nearly $100 less than AMZN is worth per share today. Imagine if he waited. Two years ago, Bezos left like $81 million on the table.
Funny.
And there's not a word better than comical to describe investors who make too much out of what men and women of other worlds -- Bezos, Sandberg, Buffett -- do. We're not on their level. Timestamp it: An AMZN bear will desperately try to make something of this. There's nothing there but a holiday quarter surprise and a stock flirting hard to hold above $250 and bump up against $300. Follow @rocco_thestreet --Written by Rocco Pendola in Santa Monica, Calif.Select the service that is right for you!
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