This should be a big story. Very very big.
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Since when did people know about 9/11 in advance and sell off their stocks?
The Tel Aviv Stock Exchange said on Tuesday a report by US researchers suggesting there were investors in Israel who may have profited from prior knowledge of Hamas’ Oct. 7 attack was inaccurate and its publication irresponsible.
Of course Jpost will publish that.” Nothing to see here!”
Here’s the research paper.
How about they invistigate who is benefiting from all the bombing and prolonged attack instead…
This is the best summary I could come up with:
They pay a fee to borrow shares in a company and then sell them in the hope of buying them back at a lower price and pocketing the profit.
“Days before the attack, traders appeared to anticipate the events to come,” the researchers wrote, citing short-selling of an exchange traded fund that broadly tracks the performance of the Israeli stock exchange that “suddenly, and significantly, spiked” on 2 October.
“And just before the attack, short-selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) increased dramatically,” they wrote in their 66-page report.
In one example documented in the research, 4.43m new shares in Leumi, Israel’s largest bank, were sold short between 14 September and 5 October.
The report notes that the sharpest increase in short-selling occurred during what is normally a time of relatively little activity in Israel due to Jewish holidays.
The professors noted similar patterns of short-selling in early April, when it was reported that Hamas was initially planning its attack on Israel.
The original article contains 499 words, the summary contains 166 words. Saved 67%. I’m a bot and I’m open source!
It sounds like this is heavily disputed, waiting for more information and investigation.
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