Tuesday, June 04, 2002

Still Silence From 9-11 Stock Speculation Probe


Within a month of 9-11, the SEC, acting in concert with the Department of Justice, distributed a target list of 38 stocks to securities firms around the world looking for information about who might have profited by at least apparent pre-knowledge of the aerial attacks on the World Trade Center and the Pentagon. To date there has not been a public word from any agency as to whether they have snagged anyone.
According to market analysts, the investment of choice by someone with pre-knowledge of the catastrophe would be a type of market speculation involving so-called "put” options. Simplified, a put is a bet that a particular stock will go down.

The two most obvious stocks for such speculation by anyone with "insider” dope on the attacks are American and United airlines, the two hapless carriers that had planes hijacked and used as aerial bombs.

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