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PRE-911 INSIDER STOCK TRADING - INVESTORS KNEW

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OneMind Donating Member (94 posts) Send PM | Profile | Ignore Sat Mar-26-05 11:17 AM
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PRE-911 INSIDER STOCK TRADING - INVESTORS KNEW
San Francisco Chronicle

SEC investigating airline stock deals Investors bet against United, American

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronic...


In the days leading up to terrorist attacks on America, unknown investors made unusually large bets in the financial markets against the stocks of two companies that would come to be prominently associated with the disaster: United Airlines and American Airlines.

<snip>

Using what is known in the options trading industry as a "put," investors bet heavily against United's parent, UAL Corp., on Sept. 6 and 7, and against American's parent, AMR Corp., on Sept. 10, in the three trading days before the attack. Put options are essentially market methods for profiting when an investor believes the price of a security will drop.

No similar bets were made against the stocks of any of the companies' major competitors, including Delta, Continental, Northwest and Southwest. That would suggest that the investors had specific reason to believe UAL and AMR shares would drop.

In addition, the trading ratio in UAL put options on the Thursday before the attack was 25 times its normal level, according to data from the Options Clearinghouse Corp.
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-26-05 11:36 AM
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1. Ask Buzzy Krongard what he knew
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Christophera Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-27-05 01:22 PM
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2. And,.. The 9-11 Ommission Wouldn't Look Into It.
There are plenty of inconsistent, incompetent, negligent aspects of the phony investigations and reports to justify a complete rejection, a declaration of NULL and VOID of investigations conducted. The people can do it, they just need to get over their socio/religious fears of each other.
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