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Bill Gates Helps Out Autonation

Jim,

I am blown away by the latest 13D filing. Looks like Eddie picked up right where he left off, buying right up to the 45 day blackout period prior to earnings, and exactly 3 days following earnings he's buying again, only this time with the lower prices, he's taking down bigger blocks of shares. This is going to get very interesting. As of July 10th, the short interest was 21.6%. Insiders own over 55+% of the shares, and between the company buyback and Eddie's purchases, I don't see how this thing doesn't spike higher.

Is it possible the reason people are selling is because of fears the company will be taken over without a premium?? Other than margin calls or forced selling, thats the only thing I can think of that might motivate someone to sell at these prices. Otherwise this stock is going much, much higher.