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Originally Posted by Lanny_MacDonald
You're a trader, so you know the difference between a trade and a put option. The trading was limited to two specific airlines and the put options were 60-90 times higher (6000 to 9000% increase) than has ever been recorded for either airline. That in itself is extremely coincidental, but I guess it is possible that someone may have just wanted to gamble that just those two particular airlines would see their stocks tumble in the next few days. It is possible. But what happens when you add in the same level of put options placed on Morgan Stanley Dean Witter and Merrill Lynch, who were hit hard by the WTC collapse, you add a second coincidence that just doesn't add up. Finally, the body that would have been able to track and prosecute potenital fraud like this was housed WTC7 and saw all of their filings and computer systems destroyed. And as luck would have it, they did not have backups of any of the data stored off site. Coincidence number three. Does that add up?
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I track shorts and longs all the time on energy commodities ... we can see records to both extremes from time to time with no opec impacting world event happening the next day. Were they all conspiracies that didn't have the other foot drop to complete the cycle?
People step out on equities and commodities all the time. Often when one moves people think there's something they are missing and other traders follow suite creating a stampede of non fundamentally supported action in a certain area that doesn't make much sense.
Traders have become over night geniuses and out of work for getting long on a commodity and then waking up the next morning (having not slept for fear of their position) only to find out a Hurricane was in the works and the markets are up and they're rich.
It happens.
But so I'm clear ... you're suggesting people took runs at two airlines and two financial insitutions with the knowledge that ...
1. There would be planes hitting the head quarters of financial institutions in NY
2. Said attack was guaranteed to knock down both towers destroying WTC7 and any chance of an investigation?
That's a pretty well executed plan. Wow