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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Vitalsigns who wrote (814)	9/18/2001 9:00:51 PM
From: Vitalsigns	Read Replies (1) \| Respond to of 2773

Hmmmmm From the Crystal Ball Forum This is a report by Jon Najarian of Tradingmarkets.com The Chicago Board Options Exchange (CBOE), the biggest U.S. options market, confirmed it is probing unusual options trading before the terrorist attacks that flattened New York's World Trade Center and damaged the Pentagon. There had been rumors circulating that suspicious trades were made in put options, which increase in value as a stock or index drops, and perhaps in S&P and related futures contracts as well. According to people familiar with the situation, securities regulators in the U.S., Europe and Asia are investigating whether terrorists bought put options, or shorted stocks or futures, because of their advance knowledge of the terrorist attacks. It’s important to note that U.S. Securities and Exchange Commission Chairman Harvey Pitt acknowledged the rumors, but said, "our enforcement division has been looking into a variety of market actions that could be linked to these terrible acts, including the subjects of the rumors." Both the CBOE and SEC appear to be taking a serious look into these rumors, as has the International Organization of Securities Commissions and the Deutsche Boerse AG (DTB). An official at the DTB said that trading on Sept. 6 and 7 for Munich Re, the largest reinsurer, were double the average daily volume for the previous six months, but that the official found nothing irregular. As an option trader, I look at the volumes of derivatives such as options and futures and the leverage associated with both as a very tempting point of entry for someone looking to get bullish or bearish in a hurry. Frequently, insider-type buying or selling evidences itself through listed options or futures. Just as we knew the T-Rex in "Jurassic Park" was approaching from the water shaking in puddles on the ground, we know something is up when we see unusual volumes in options of securities or indices. Given the severity of these accusations and the potential for any ill-gotten gains to go toward funding future terrorist activities, I certainly hope the investigators will look long and hard at any of the suspicious volumes I note below. If the evidence bears out that the buying of these put contracts could have been executed on behalf of terrorists or their sympathizers, we should not only freeze the accounts, but also trace the money back to its source. Wouldn’t that be wonderful if we were able to catch some of the bad guys for acting with capitalistic greed instead of religious zealotry? Put options in United Airlines (UAL), American Airlines (AMR), Morgan Stanley Dean Witter (MWD), Merrill Lynch (MER), Bear Stearns (BSC), Citigroup (C) and Marsh & McLennan. American Airlines On Sept. 10, 1535 AMR October 30 strike put contracts (which gave the buyer the right to sell 153,500 shares at $30) traded. That trade represented five times the total volume traded prior to Sept. 10. AMR hit a low of $15.89 yesterday, representing a paper gain of over $1.7 million. United Airlines In UAL, an unusual order was entered on Sept. 6 to buy 2000 October $30 put options. Those puts likewise exploded in value from that date through yesterday’s trading, representing a gain of more than $2 million according to sources at Bloomberg. Morgan Stanley Between Sept. 6 and right up to the final day of trading prior to the disaster, someone was aggressively accumulating October 45 puts, which similarly, went deep in-the-money yesterday, as MWD shares fell to $42.18 from $49.88. That’s 80 times the previous average trading volume. Citigroup With its Travelers Insurance Group facing perhaps $500 million in claims, you can understand why the buyers of the October 40 put options would profit handsomely from their short position in Citigroup. Citigroup puts saw nearly 45 times the previous daily average trade from Sept. 6 – 10. Bear Stearns Another Wall Street powerhouse and specialist firm that saw above average volume in its September 50 puts. Marsh & McLennan One of the biggest insurance brokers also experienced unusual put volumes, as 1,209 September 90 puts traded vs. an average of just 13 contracts on an average day. Futures Trading Bloomberg has reported that Japan's Securities and Exchange Surveillance Commission is probing futures trade in Tokyo and Osaka. On the Osaka Securities Exchange, 8,826 Nikkei-225 December futures contracts changed hands on Sept. 10, compared with a daily average of 1,151 contracts in the previous week.

To: Vitalsigns who wrote (814)	9/18/2001 10:11:20 PM
From: 1st.mate	Read Replies (1) \| Respond to of 2773

May try and smoke some of that "POT" tomorrow... Thanks PS. Whats your take on the chart? Matey BB U got am opinion on POT.T ????

To: Vitalsigns who wrote (814)	9/18/2001 11:43:16 PM
From: kirby49	Read Replies (2) \| Respond to of 2773

Matey, VS. Well you got one recommendation comin down and I'll have to check it out, is that PO.T or POT.T? As for the pennies on the way up I got a boatload<LOL>. An interesting exercise is to follow Al's thread. There's a post sometime back before summer when he exclaimed how much you would have made if you had picked the winner every week. It was an unbelievable high percentage and I don't even think it was compounded! Funny what crosses your mind as you're writing, but the real ballsy play here would be to short TSX<GGG>. You gotta keep looking for different stuff, as you say of course and all the stocks VS just posted I have been thinking of shorting since June, and haven't because they're US, lack of courage to short knowing I'd have to sell some golds etc. I don't know how many times over the summer I said to Peter(Svenlar) that GS has to go down and the others proportionately as well as other major DOW components like GE, IBM. Things were very strange I thought before 911. It's like the last gold run up, pre Bre-X. Bre-X was recommended to me on the way up at $40 by an honest analyst who also said to sell at $160. I was full and didn't take the position. Thought about shorting at 1.30 towards the end after the 10 for 1 split, but no guts, no glory for a sure 100%. Employee of mine made a bundle during the short squeeze on the Hunt Brothers. Not that I got enough to make a whit of difference but had I taken those positions because of my observations and analysis, I might have been suspect. I had been watching for changes back in the last two weeks of March. I had been late, at least for me, in seeing the movement off the bottom just before Christmas. Should have been watching HUI closer than XAU. All positions stopped out mid-March and I'm panicing trying to decide on a new sector. Tech's not for me. Gold play over for the year at the end of march with all sectors, producers, mid-tiers and juniors heading down. And then, a spark and I head in to all positions Apr 2, the day of the low in POG and have a great 6 week ride. Head back in after a couple of weeks mid June for the slowest sideways wall of worry for twelve or thirteen weeks and want to capitulate at end of August. Know it's gotta break hard one way or other for some reason or another so want to hold on for the first trading week after holidays, gotta hold for the second cause it's the first full week and may spike up after BOE sale. Always it seems a feeling or reason to hold on. Now I see absolutely no down side in holding the juniors even and plenty of upside. Sorry for rambling here, but am just going to do some DD on shorting BNS. What do you think of that as a move Matey? stockcharts.com[m,a]daclyymy[dc][pb50!b200!c4!c9!c18!f][vc60][iLl14!La12,26,9!Lh14,3!Lc20] Hangin on the cliff. This POS is going down 20%. -DI goin to bounce of a rising ADX just about to get above 20. Looks like CLS when I shorted it here for a day right after Labour Day. Caught it comin down from $54, covered around $48 too soon. They'd like to see 48 again. BNS tomorrow might pick my entry time and get out of OCX as it ain't movin at all. Bob Bob