Yes -- the most logical solution, as that thread notes, is to create something like a 'Current Reading' collection and move books in there which you are busy with. The Kindle will generally keep this collection near the top of the list on page 1 of your Home page, making it dead easy to find your current book without too much drilling.
Even better, restrict your collections to just 10, which will keep everything nice and compact on one Home page!
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