--- In [email protected], "authfriend" <[EMAIL PROTECTED]> wrote:
>
> --- In [email protected], anony_sleuth_ff <no_reply@> 
> wrote:
> >
> > --- In [email protected], "authfriend" <jstein@> wrote:
> > >
> > > --- In [email protected], anony_sleuth_ff <no_reply@> 
> > > wrote:
> > > >
> > > > --- In [email protected], "authfriend" <jstein@> 
> wrote:
> > > > >
> > > > > I'm pointing out that it's 
> > > > > nonsensical for you to ask *me* to prove the experts
> > > > > were right in thinking there were anomalies significant
> > > > > enough to warrant investigation.
> > > > 
> > > > If all you are saying inall of this is the experts thoughtthere 
> were
> > > > anomalies significant enough to warrant investigation" fine, no
> > > > disagreemnt. I have said nothing to contradict this obvious 
> point.
> > > 
> > > That's all I've ever said.  Why have you been arguing
> > > with me if you agree?
> > 
> > Because you have said the stock volumes have factually been shown to
> > be statistically significant anomolies of normal long run trading
> > patterns, yet you failed to cite any study or investigation that
> > concludes that.
> 
> Because that was the *premise* of the investigations,
> not what the investigations were trying to determine.
> They investigated *because* the anomalies were
> statistically significant, as Mark Meredith has just
> told you, and as I've been telling you all along.

Mark eyeballed it and said it was statistically significant. I have
been defining such as a sigma 4 or 5 event, 4-5 standard deviations
from a quarterly or annual average. Mark has yet to demonstrate that.

I just graphed the data for AMR and Boeing and the trading in puts,
and the stock  was clearly NOT out of the ordinary over a two year view. 

And its quite funny, trading in calls just prior to 911 was much
higher than in puts.

Read the 911 commission statement I posted. (And the Snops post.) They
found 

National Commission on Terrorist Attacks Upon the United States (also
known as the "9/11 Commission") 

"Highly publicized allegations of insider trading in advance of 9/11
generally rest on reports of unusual pre-9/11 trading activity in
companies whose stock plummeted after the attacks. Some unusual
trading did in fact occur, but each such trade proved to have an
innocuous explanation. For example, the volume of put options —
instruments that pay off only when a stock drops in price — surged in
the parent companies of United Airlines on September 6 and American
Airlines on September 10 — highly suspicious trading on its face. Yet,
further investigation has revealed that the trading had no connection
with 9/11. A single U.S.-based institutional investor with no
conceivable ties to al Qaeda purchased 95 percent of the UAL puts on
September 6 as part of a trading strategy that also included buying
115,000 shares of American on September 10. Similarly, much of the
seemingly suspicious trading in American on September 10 was traced to
a specific U.S.-based options trading newsletter, faxed to its
subscribers on Sunday, September 9, which recommended these trades.
The SEC and FBI, aided by other agencies and the securities industry,
devoted enormous resources to investigating this issue, including
securing the cooperation of many foreign governments. These
investigators have found that the apparently suspicious consistently
proved innocuous."

Which words did you not understand? 








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