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Bin Laden shorting reinsurers...
I heard it on FinanceVision that Bin Laden, or one of his groups, had shorted several of the major reinsurers through UK banks during the attack. Had anyone seen any other reports on this? I'm interested on how much they're going to be able to track. |
I heard from someone that they did it through options, not from simply shorting the stock, which gives you absolutely huge returns. 10% drop = about 300% return. Thru buying puts/writing calls.. figure I heard was something like 50 million profit.
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I read something on this yesterday..will see if I can dig it out. There was something about a German insurance company.
Also, something about airline stocks ..want to find it before I say a wrong name. |
Yeah, I've been following those stories. Here are a few:
http://www.reuters.com/news_article.jhtml;jsessionid=A4OLC1BGHXYNSCRBAEZS FFAKEEATIIWD?type=topnews&StoryID=235254 http://www.latimes.com/news/nationwo...1trading.story Got this info of my bloomberg terminal on a story about the probes: Quote:
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