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$800 to $350MM in 126 trades ?
If these were 126 different companies, then it sure wasn't pure
luck. I've always been wondering why people who work for newswires
and see embargoed press releases don't trade ahead of the embargo
dealine.
Well, maybe some do ;-)
--- In realtraders@xxxxxxxxxxxxxxx, "Norman Winski" <nwinski@xxxx>
wrote:
>
>
> >
> > 'TIME-TRAVELER' BUSTED FOR INSIDER TRADING
> > Wednesday March 19, 2003
> >
> > By CHAD KULTGEN
> >
> > NEW YORK -- Federal investigators have arrested an enigmatic Wall
> > Street wiz on insider-trading charges -- and incredibly, he
claims to
> > be a time-traveler from the year 2256!
> >
> > Sources at the Security and Exchange Commission confirm that 44-
year-
> > old Andrew Carlssin offered the bizarre explanation for his
uncanny
> > success in the stock market after being led off in handcuffs on
> > January 28.
> >
> > "We don't believe this guy's story -- he's either a lunatic or a
> > pathological liar," says an SEC insider.
> >
> > "But the fact is, with an initial investment of only $800, in two
> > weeks' time he had a portfolio valued at over $350 million. Every
> > trade he made capitalized on unexpected business developments,
which
> > simply can't be pure luck.
> >
> > "The only way he could pull it off is with illegal inside
> > information. He's going to sit in a jail cell on Rikers Island
until
> > he agrees to give up his sources."
> >
> > The past year of nose-diving stock prices has left most investors
> > crying in their beer. So when Carlssin made a flurry of 126 high-
risk
> > trades and came out the winner every time, it raised the eyebrows
of
> > Wall Street watchdogs.
> >
> > "If a company's stock rose due to a merger or technological
> > breakthrough that was supposed to be secret, Mr. Carlssin somehow
> > knew about it in advance," says the SEC source close to the hush-
> > hush, ongoing investigation.
> >
> > When investigators hauled Carlssin in for questioning, they got
more
> > than they bargained for: A mind-boggling four-hour confession.
> >
> > Carlssin declared that he had traveled back in time from over 200
> > years in the future, when it is common knowledge that our era
> > experienced one of the worst stock plunges in history. Yet anyone
> > armed with knowledge of the handful of stocks destined to go
through
> > the roof could make a fortune.
> >
> > "It was just too tempting to resist," Carlssin allegedly said in
his
> > videotaped confession. "I had planned to make it look natural, you
> > know, lose a little here and there so it doesn't look too perfect.
> > But I just got caught in the moment."
> >
> > In a bid for leniency, Carlssin has reportedly offered to
> > divulge "historical facts" such as the whereabouts of Osama Bin
Laden
> > and a cure for AIDS.
> >
> > All he wants is to be allowed to return to the future in his "time
> > craft."
> >
> > However, he refuses to reveal the location of the machine or
discuss
> > how it works, supposedly out of fear the technology could "fall
into
> > the wrong hands."
> >
> > Officials are quite confident the "time-traveler's" claims are
bogus.
> > Yet the SEC source admits, "No one can find any record of any
Andrew
> > Carlssin existing anywhere before December 2002."
> >
> > Weekly World News will continue to follow this story as it
unfolds.
> > Keep watching for further developments.
> >
> > http://tv.yahoo.com/news/wwn/20030319/104808600007.html
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > gannsghost-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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