BB, I don't what' worse, your recollection and interpretation of prior events, or that you, an interested party in this age old situation, just signed up to SI today.
Elgindy was arrested at his office.
There was no money spread out on any bed. You are wrong claiming that Breen said this.
There were no moving trucks, except the one's belonging to the investigators...who came to Elgindy's house to collect his vehicles and some of his personal belongings.
The $1,000,000 that the prosecutors would like Elgindy to say he stole, has nothing to do with Al Queda or September 10th or 11th. In fact, Elgindy has and had nothing to do with terrorism. He was a god fearing individual, who even though he wasn't born in the USA, was far more patriotic than many in the USA.
The September 10th sell of his stocks off was out of fear from what he saw the market doing that day, and several sessions prior.
Now it has been clear to me, from looking at charts, etc...the enough people (probably doesn't take too many to start the boll rolling from a technical point of view) knew about the pending attacks on 9/11 that puts and sells pressured the markets downward for days in advance of 9/11. Check charts and news, there were no other mass scale negative market news or even significant individual stock news to bring such a pressure on the markets, especially the airline stocks. Check history and charts first if you plan on responding to me on this.
I will forever be amazed the authorities concluded that no one had any prior knowledge of 9/11 in their report they issued earlier this year. Either these authorities are just plain stoopid or they really did no significant investigations on their own. It is perfectly expected that some of the people inside the circle of knowledge who did know about 9/11 in advance, would also try to profit in the stock markets both in USA and other markets. It is naive and absurd to conclude that no one tried to profit. I am extremely disappointed in our government that they came up with such an absurd conclusion. They must think we are all idiots.
Back to Elgindy, check his site chat logs for 9/5, 9/6, 9/9 and 9/10. You will see random comments by him and many members of dismay at a progressively worsening market each one of those days. His decision to sell was knee jerk, as is typical with him, and as usual was very bad timing - he is typically horrible at holding stocks long. Had he held he could have sold most of his holdings at nice profits just mere months after 9/11. It was classic case of sellign at the bottom. We’ve all , who trade stocks, have been there and done that over and over.
The $1,000,000 that the prosecutors want him to say he stole, and trying to financially pressure his wife to collaborate, is related to the many stocks in the indictment that the prosecutors could not get guilty verdicts from the sadly very uneducated (stock market wise) jury. In fact, it is obvious that if the jury had had appropriate briefing on how the market works, how shorting works, and many other key bits of knowledge that would help them understand this case better, Elgindy would have probably gotten close to zero guilty verdicts.
Birthday Boy, I suggest you do research before you sign on for a board like this and make very incredibly stupid remarks which frankly give people the impression you should probably just sign back off. |
