Unusual Options Market Activity with an Application to the Terrorist Attacks of Septe

metooxx · Jan 20, 2003

Quote from omcate:

For details, please refer to
http://www.asensio.com/ShortSellingtied to terrorist.htm

September 18, 2001

Short selling tied to last weekâs terrorist act.

The following statement is delivered in response to inquiries concerning news reports that certain accounts owned or managed by individuals who may have had prior knowledge of the terrorist attacks may have traded in the securities of companies that were directly related and adversely affected by last weekâs horrific terrorist acts.

Manuel P. Asensio, Chairman of Asensio & Company, Inc. states the following:

"Any account anywhere in the world that traded suspiciously must be investigated. Suspicious trading means the establishment or maintenance of a large or concentrated position in the stock, bonds or options of any publicly-traded company that was directly impacted by the horrific events. This includes all tenants and businesses with material operations in the affected areas as well as airlines and insurance companies. The investigation can be aided by SEC officials but can not in any way be considered a securities trading matter."

Asensio & Company, Inc. is a New York-based institutional investment bank specializing in corporate valuations and equity research. Asensio & Company also specializes in investigating fraudulent stock promotions and publishing research on companies it identifies as grossly overvalued, as defined. A complete documented history of Asensioâs published work with fraudulent securities transactions, and the firmâs definition of gross overvaluation, is available on the Internet at www.asensio.com. Asensio & Company is actively engaged in short selling and advises its clients on securities it believes are overvalued. Short selling involves a risk not associated with the purchase of stock including, but not only limited to, unlimited loss and stock borrowing risks. Additional information is available upon request.
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Nothing came of it, old news ...

omcate · Jan 20, 2003

Quote from metooxx:

Nothing came of it, old news ...
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Old news is better than bullshit.

metooxx · Jan 20, 2003

Go to that guys site and find the smoking gun; he was looking for publicity.

No follow up after such a sweeping comment ...

metooxx · Jan 20, 2003

Quote from omcate:

Old news is better than bullshit.

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Where is the substance of the accusations?

Seeking headlines ...

fortuna · Jan 21, 2003

http://www.cba.uiuc.edu/poteshma/WorkingPapers/TerrorismAndTheFinancialMarketsJanuary2003.pdf

very interesting

I used to ameliorate my put call signals

Rearden Metal · Jan 21, 2003

If it was true, Bin Laden would have been granted a Nobel Economics prize for the scheme.

After all, the Nobel committee granted a Nobel Peace Prize to mass murderer and inventor of airplane hijacking, Yassir Arafat.

Terrorist abettor Kofi Anan- the man who covered up a Hizbollah kidnap/ murder and appointed Syria to the U.N. security council & Libya to head the human rights commission- got his Nobel prize too.

Certainly, the wise Nobel committee would at least have to consider Bin Laden for an economics prize. After all, they wouldn't want to seem prejudiced against Islam...

(tounge in cheek)

omcate · Jan 21, 2003

Quote from Rearden Metal:

The Nobel committee granted a Nobel Peace Prize to mass murderer and inventor of airplane hijacking, Yassir Arafat.

Terrorist abettor Kofi Anan- the man who covered up a Hizbollah kidnap/ murder and appointed Syria to the U.N. security council & Libya to head the human rights commission- got his Nobel prize too.

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Truth is often stranger than fiction.