At the same time, analysts of the Enron stock were provided little information about the partnerships.
In other words, he turned over cash instead of selling Enron stock, another bet that the shares would turn around.
Close to 60 percent of all employee 401(k) money was tied up in Enron stock.
Over that time, he sold about $12 million in Enron stock.
In 2000, Enron stock was trading at an astronomical 66 times recent earnings.
Many thousands of others will also probably be affected, he said, as public investors in Enron stock.
In 1999 and 2000, he sold about $23 million in Enron stock.
The list of investors who have lost money in Enron stock is a long one.
Such a strategy would only work, of course, if Enron stock held steady or rose.
Sixty percent of the plans were made up of Enron stock.