--- In FairfieldLife@yahoogroups.com, "authfriend" <[EMAIL PROTECTED]> wrote:
> --- In FairfieldLife@yahoogroups.com, "shempmcgurk" <shempmcgurk@> 
> wrote:
> >
> > Mark: now that you have been informed (by the snopes posting by
> > Anon) that the American Airlines put options purchase was 
> > counterbalanced by the purchase by the same institutional buyer 
> > of American stock, do you still feel that this was a suspicious 
> > trade, as you indicated in a previous post?
> Let's not forget, by the way, that the suspicious trading
> involved far more than stock in just the two airline
> companies.

Forgot to note: Snopes.com and the 9/11 commission
cited explanations *only* for the trading in American
and United.  Does anyone know of plausible explanations
for any of the other anomalies?

> There was unusual trading in the stock of firms whose
> offices were in the World Trade Center, including Morgan
> Stanley, Lehman Bros., Bank of America, and Marsh &
> McLennan; insurance companies Munich Re (Germany) and AXA
> Group (France), which combined were on the hook for about
> $2 billion in damages from the attacks, as well as American
> International Group, Swiss Reinsurance, Chubb, Cigna, CNA
> Financial, John Hancock, and MetLife; plus General Motors,
> Raytheon, Continental, Delta, Northwest, Southwest,
> USAirways, Boeing, Lockheed Martin, and Citigroup (38
> companies in all); there was also a surge in the purchase
> of five-year Treasury notes and unusual movement in gold
> and oil prices.
> Also, as of September 29, 2001, according to the San
> Francisco Chronicle:
> Investors have yet to collect more than $2.5 million in profits 
> made trading options in the stock of United Airlines before the 
> 11 terrorist attacks, according to a source familiar with the 
> and market data. 
> The uncollected money raises suspicions that the investors -- whose 
> identities and nationalities have not been made public -- had 
> knowledge of the strikes. 
> "Usually, if someone has a windfall like that, you take the money 
> run," said the source, who spoke on condition of 
anonymity. "Whoever 
> did this thought the exchange would not be closed for four days. 
> "This smells real bad." 
> The source and others in the financial industry speculate that the 
> purchaser or purchasers -- having initially assumed the money could 
> picked up without detection -- now fear exposure, or that the 
> has been frozen. 
> The markets were closed for four days after the attack, giving 
> investigators time to notice the anomalous trades.

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