canyonblue
Everyone loves Southwest
- Joined
- Nov 26, 2001
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Busted ‘Time Traveler’ bullish on Southwest Airlines
New York, April 1, 2003 /newscape/-.c Newscape wire
NEW YORK – A Wall Street wizard who in only two weeks’ time parlayed $800 into a portfolio valued at over $350 million dollars sits in jail on charges of insider trading while still proclaiming that his incredible stock timing is due to his being 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 arrested on January 28.
"We don't believe this guy's story -- he's either a lunatic or a pathological liar," says an SEC insider.
SEC Authorities are convinced that the only way the man could have executed such timely stock trades was to have insider sources of sensitive information.
"He's going to sit in a jail cell until he agrees to give up his sources." Authorities said.
The past year of miserable stock returns has left even seasoned traders scratching their heads. 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 ongoing investigation.
Assuming they had a textbook case of insider trading, investigators were stunned beyond belief when
Carlssin declared that he had traveled back in time from over 200 years in the future. The trader proclaimed that in his time, it is common knowledge that our era experienced one of the worst stock plunges in history. He confidently proclaimed that anyone armed with knowledge of the handful of stocks could make a fortune. “My uncle took a ‘time vacation’ a while ago and made millions on Ebay and Enron stock.” He said.
"It was just too tempting to resist," Carlssin allegedly said in his videotaped confession. "My plan was to raise capital on some quick overnight trades and then turn that stake into billions with longer term gains." On the day that he was arrested, Carlssin had placed huge buy orders for Nstor Technologies , Chinadotcom , and Southwest Airlines .
Carlssin has reportedly offered to divulge "historical facts" such as the whereabouts of Osama Bin Laden and a cure for AIDS, in exchange for being able to return to his “time craft.” When pressed, however, he steadfastly refused to reveal the location of his craft or how it operated. Officials were obviously skeptical, but one investigator seemed particularly interested in year’s World Series.
New York, April 1, 2003 /newscape/-.c Newscape wire
NEW YORK – A Wall Street wizard who in only two weeks’ time parlayed $800 into a portfolio valued at over $350 million dollars sits in jail on charges of insider trading while still proclaiming that his incredible stock timing is due to his being 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 arrested on January 28.
"We don't believe this guy's story -- he's either a lunatic or a pathological liar," says an SEC insider.
SEC Authorities are convinced that the only way the man could have executed such timely stock trades was to have insider sources of sensitive information.
"He's going to sit in a jail cell until he agrees to give up his sources." Authorities said.
The past year of miserable stock returns has left even seasoned traders scratching their heads. 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 ongoing investigation.
Assuming they had a textbook case of insider trading, investigators were stunned beyond belief when
Carlssin declared that he had traveled back in time from over 200 years in the future. The trader proclaimed that in his time, it is common knowledge that our era experienced one of the worst stock plunges in history. He confidently proclaimed that anyone armed with knowledge of the handful of stocks could make a fortune. “My uncle took a ‘time vacation’ a while ago and made millions on Ebay and Enron stock.” He said.
"It was just too tempting to resist," Carlssin allegedly said in his videotaped confession. "My plan was to raise capital on some quick overnight trades and then turn that stake into billions with longer term gains." On the day that he was arrested, Carlssin had placed huge buy orders for Nstor Technologies , Chinadotcom , and Southwest Airlines .
Carlssin has reportedly offered to divulge "historical facts" such as the whereabouts of Osama Bin Laden and a cure for AIDS, in exchange for being able to return to his “time craft.” When pressed, however, he steadfastly refused to reveal the location of his craft or how it operated. Officials were obviously skeptical, but one investigator seemed particularly interested in year’s World Series.
