Sunday, June 19, 2011

9-11 SEC Report drops the ball

"We have not developed any evidence suggesting that  those who had
advance knowledge of  the September 11  attacks traded on the  basis of
that infonnation.  In every instance where we  noticed unusual trading
before the attack, we were able to determine -- either through direct
 communication with those responsible for the trading or a review of
trading records -- that the trading was consistent with a legitimate trading
strategy. " 9-11 SEC Report: Pre-September 11, 2001 Trading Review

note, EITHER through direct communication OR a review of trading

when one is clever, and such people would be, they can lie real good
(so direct communication is worthless), and they can rig their patterns
to accomplish what they did without looking too bad.

Further, a trading pattern that predated by more than a few days, would
be consistent with such protective efforts, and also would be consistent
with advance knowledge, since one can put such trade orders in much
earlier, and any such after would simply take advantage of continued
loss of share value.

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