--- 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 told us that he compared "the options trading in the
relevant airlines the prior week to 9/11 to the prior year" and 
found it statistically significant.  Other than reading government 
reports and other reports -- which Mark stated didn't "give enough 
info on the source documents for me to find them and do my own 
analysis" -- that's pretty much all that Mark looked into himself.

Anon above referred to "statistically significant anomolies of 
normal long run trading patterns", which is something quite 
different than looking at two days of trading, which is what Mark 
did.

And as far as at least one of the "downward" indicating trades are 
concerned, the purchase of put options (on American stock) by one 
institutional investor -- as Anon posted in the snopes article he 
reproduced in message 93255 -- was counteracted by that same 
institutional investor actually PURCHASING a huge block of American 
stock on the same day.

Judy, Mark Meredith will confirm to you that that is an investing 
strategy known as "hedging" in which a downward-indicating purchase 
(the puts) is counter-balanced by an upward-indicating purchase 
(stock purchase) of the same stock.

I think Mark Meredith will agree that with THIS knowledge of the 
purchase of the stock together with the purchase of the puts of the 
same stock ELIMINATES any suspicion of the puts purchase as 
indicating any foul play, at least as far as this purchase is 
concerned.  

Mark?







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