This list should be able to discuss Potestman's article in the "Journal of Business" seriously. I'm not sure if you'd need JStor, but go to
http://www.journals.uchicago.edu/JB/journal/issues/v79n4/790402/790402.html "Unusual Option Market Activity and the Terrorist Attacks of September 11, 2001", by Allen M. Poteshman, University of Illinois at Urbana-Champaign The article uses new econometric techniques and its abstract reads: "After September 11, 2001, there was a great deal of speculation that the terrorists or their associates had traded in the option market on advanced knowledge of the impending attacks. This paper generates systematic information about option market activity that can be used to assess the option trading that precedes any event of interest. Examination of the option trading leading up to September 11 reveals that there was an unusually high level of put buying. This finding is consistent with informed investors having traded options in advance of the attacks." ____ Regarding insider trading, Daniel asked me "What 'coverup' are you referring to here exactly". I was referring to the Commission's report one textual sentence (p. 172) and a longish footnote. Compare that to Potestman or simply reason through yourself the Commission's statement, thinking through how you might reaction as a lawyer or careful researcher. ____ Louis mentioned an article in "CounterPunch". One informed reply - there are others - is: "Manuel Garcia Sees Physics That Don't Exist" by Kevin Ryan, December 27, 2006. is available a http://stj911.org/ryan/garcia.html . Ryan used to work for Underwriters Lab until fired for whistleblowing. Paul Z. ************************************************************************ (Vol.23) THE HIDDEN HISTORY OF 9-11-2001 "a benchmark in 9/11 research" (Vol.24) TRANSITIONS IN LATIN AMERICA AND IN POLAND & SYRIA, forthcoming Research in Political Economy, P.Zarembka,ed, Elsevier hardback ********************* http://ourworld.compuserve.com/homepages/PZarembka
