Money Forum World

Deirdre Glenn · Joined: 08 Nov 2007 Posts: 2096

Insider trading done on 9/6, 9/7 and 9/10 have something to do with 9/11?
On those days there were 9,260 put alternatives bought on American Airlines while only 1144 call alternatives.

On those same days, Morgan Stanley Dean Witter &amp, Co which occupied 22 floors of the WTC saw an average of 719 put alternatives per day bought when they usually see an average of 27 per day.

“Put alternatives, ” are contracts giving the customer the choice to sell stocks later. bought at nominal prices of, as an example, $1.00 per share, they're sold in blocks of 100 shares. If exercised, they give the holder the choice of selling selected stocks at a future date at a price set when the contract is issued., for an investment of $10,000 it may be possible to tie up 10,000 shares of United or American Airlines at $100 per share, and the seller of the choice is then obligated to purchase them if the choice is executed. If the stock has fallen to $50 when the contract matures, the holder of the choice can buy the shares for $50 and now sell them for $100.

Golddigga · Joined: 08 Nov 2007 Posts: 2086

It sure seems it. You dont have to have fore knowledge of an event to act on a tip.

What is inquisitive to me is the huge number of people that could have been needed to be in on it, still these same people unquestionably believe that it has been carried out by 20 arabs 19 hijackers + OBL . Half of whom couldnt speak english, and the ringleader thousands of miles away in another country. Whats up with that?

Why dont they have the names of the people who benefited from the put options?

Duane Justice · Joined: 08 Nov 2007 Posts: 2139

There weren't put alternatives on airline stock.
Snopes covered it. Its crap.
snopes.com/rumors/putcall.asp

Bryant Johns · Joined: 08 Nov 2007 Posts: 2167

Almost all those alternatives trades were handled by Deutsche Bank.

The head of DB left the position on nine 13 to take a job in an business in which he had no knowledge or experience. I cant remember the name of the firm now.

Every Wall Street professional that looked at those transactionm numbers has said the same thing, Somebody knew something.

Schnizer · Joined: 08 Nov 2007 Posts: 2133

In other words: hundreds of thousands, maybe millions, of people knew the attack comed, and were in on it.
Good thinking.

Chris Black · Joined: 08 Nov 2007 Posts: 2207

Those dates do have something to do with 9/11, they preceeded it..

Sasha Pennington · Joined: 08 Nov 2007 Posts: 2143

I believe it, I also believe that the government knew of the 9/11 threat before it happened. Our economy and government are so intertwined that it isn't unrealistic to think someone high up in the government may have told someone in there businesses about the threats.

But be realistic, if you learn about an supposed terror attack before it happens, what can you really do? Do you put armed planes in the sky prepared to shoot down American passenger jets at a times notice? No freaking way. I'm sure that these kind of threats happen quite frequently and there's most likely insider trading related to these threats, but what can we really do to stop it? Did you own stock in these businesses, that lost money on 9/11?

Noel · Joined: 08 Nov 2007 Posts: 2117

Well never know the truth. I was in the investment biz back then institutional and stranger was that both carriers are on the SEC list being investigated, which will include among others: Continental, Northwest, Southwest, USAirways, Lockheed Martin, John Hancock, MetLife, General Motors, Raytheon, W.R. Grace, single Star Technologies, American Express, the Bank of New York, Bank One, Citigroup, Lehman Brothers, Bank of America, and Morgan Stanley. You may be interested to know that institutional investors can group together as one and trade in virtual secret. Snopes tied the airlines puts to one institutional investor. lots of money was made..yes, the SEC investigations said it was coincidence. On all of it.

Minnie Anderson · Joined: 08 Nov 2007 Posts: 2138

It wouldnt surprise me if there were Arabs behind these transactions.