Halliburton Traded on 9-11 Warning Memo

link:
www.libertywhistle.us

Halliburton Traded on 9-11 Warning Memo
By Dan Spillane, The Liberty Whistle
--Stock dropped 18.6 percent from August 6th thru September 10th 2001, unlike other similar cos.
--Halliburton awarded “WMD Contract”--one day before attack

(SEATTLE) 09/21/04 – A new finding brings into serious doubt Bush Administration claims regarding September 11th, and suggests the work of the 9-11 Commission is incomplete. According to what Bush told the public, and as documented in the 9-11 report, the August 6th memo delivered to the White House, which warned of imminent attacks (“Bin Ladin Determined To Strike in US”) was described as “historical in nature,” and therefore was essentially ignored by the White House. (1) So, as far as the public knows, no actions were taken based on the memo.

It’s not like the US hasn’t been looking for unusual pre-9-11 actions—in fact, the 9-11 report examined stock trading before the attacks, and concluded with some degree of confidence that there weren’t any stock profits taken based on information before the attacks. Unfortunately, the 9-11 report provides no details on how such stock analysis was done--and importantly, the report makes no mention of isolating events in terms of the August 6th White House memo. In short, the 9-11 commission tried to find “needles in haystacks.”

Indeed, then it should then be of no surprise that a comparison of stock trading specifically before and after August 6th, in terms of “sector behavior” reveals more information, and illustrates an interesting and hitherto undiscovered pattern. (2) Incredibly, in this light, a major divergence is visible in the stock of Halliburton Corporation. Moreover, this divergence is punctuated not only by the dates of August 6th and September 11th, but was also echoed in a September 10th contract award to Halliburton.

As seen in a long-term stock chart, Halliburton has consistently traded in line with its closest competitor, Schlumberger. And it did this up until August 6th 2001. On the other hand, Halliburton stock dropped 18.6 percent from August 6th thru September 10th 2001—while Schlumberger stock only dropped a tiny 3.7 percent, and the overall index measuring the oil sector was actually up slightly over the same period.

The next question--were there any negative announcements about Halliburton between August 6th and September 10th? No there weren’t--in fact, Halliburton received at least 1.2 billion dollars in new contracts. But even more interesting, is what happened on September 10th.

You see, Halliburton deals in oil services, with some additional services to the military. Yet on the day before September 11th—and only once and on that day—did Halliburton receive a new kind of assignment, containing a phrase now in the lexicon of so many Americans. Astonishingly, on September 10th, 2001, the news read “Halliburton Unit Picked to Participate in Program to Reduce Threat of Weapons Of Mass Destruction.” (Source: Halliburton)

Clearly, based on the unusual stock pattern of Halliburton after the warning memo, and based on the special advance timing of the Halliburton WMD contract, actions were being taken by those in the White House—but not to defend the American people. No, instead actions were taken to defend Halliburton stockholders, and further, to enhance profits.

With some confidence then, it can be said that we have been lied to.

(1) “The President told us the August 6 report was historical in nature.” (9-11 report, chapter 8) (2) “Sector comparison” looks at how similar companies trade in relatively undifferentiated areas, such as those in commodities or generic services—including oil services.

1. Michael Moore--eat your heart out! <eom>

[roseBudd]

2. 8/6/01 PDB for printing

Go to http://somnamblst.tripod.com to download high resolution TIF or PDF files to print and distribute. Let's Michael Moore Bush by showing the sheeple the explicit warning BusgCo ignored in 2001!

4. Yep--that's the memo that tipped off Cheney's friends...

But not the poor Americans in the towers.

They died.

[sniffa]

3. wouLdn't surprise me

but what is this site (credibLity wise)?

5. You can verify the information yourself--just do the hunting

I am the author.

p.s. I am the one who originally broke the Diebold scandal with Bev Harris; I am mentioned in her book, and she is a good friend of mine.

[Gman]

6. The data

Halliburton:
PRICES
Date	        Open	High	Low	Close	Volume	    Adj Close*
10-Sep-01	28.28	29.16	28.16	28.73	2,375,700	26.79
7-Sep-01	29.00	29.15	28.21	28.28	2,617,000	26.37
6-Sep-01	28.70	29.46	28.67	29.21	3,102,000	27.24
5-Sep-01	28.86	29.29	28.22	29.01	3,483,400	27.05
4-Sep-01	28.00	29.35	27.94	28.86	4,349,900	26.91
4-Sep-01	$ 0.125 Cash Dividend
31-Aug-01	27.98	28.40	27.76	27.86	4,332,500	25.87
30-Aug-01	29.95	30.33	27.89	28.00	6,568,100	26.00
29-Aug-01	30.65	31.10	30.00	30.15	2,649,700	27.99
28-Aug-01	31.70	31.70	30.25	30.45	3,249,600	28.27
27-Aug-01	31.33	31.84	31.08	31.30	2,031,200	29.06
24-Aug-01	30.97	31.29	30.63	31.08	2,611,400	28.85
23-Aug-01	31.69	31.69	30.65	30.84	2,831,800	28.63
22-Aug-01	32.50	32.99	30.75	31.44	4,608,900	29.19
21-Aug-01	32.05	32.40	31.45	32.05	2,875,600	29.76
20-Aug-01	31.80	32.20	31.30	31.48	1,763,800	29.23
17-Aug-01	32.30	32.40	31.61	31.92	1,891,200	29.63
16-Aug-01	33.00	33.10	31.61	32.30	4,973,500	29.99
15-Aug-01	30.54	33.14	30.54	32.84	5,016,900	30.49
14-Aug-01	30.80	31.00	30.10	30.54	7,851,800	28.35
13-Aug-01	31.75	31.96	30.70	30.80	5,586,800	28.59
10-Aug-01	32.60	32.83	31.50	31.50	5,404,200	29.24
9-Aug-01	33.50	33.69	31.90	32.00	5,756,400	29.71
8-Aug-01	35.36	35.64	33.18	33.50	2,953,200	31.10
7-Aug-01	35.45	36.25	35.20	35.36	2,501,500	32.83
6-Aug-01	35.17	35.84	34.80	35.30	1,729,200	32.77
* Close price adjusted for dividends and splits.

I'd love to see historic options data.

7. Exactly the numbers I used

35.30-28.73 = -6.57

6.57/35.30 = .186...x100 = 18.6 pct drop after the memo

[Gman]

16. after 9/11 data

Halliburton: 9/17/01 through 12/10/01
Date	Open	High	Low	Close	Volume	Adj Close*
10-Dec-01	13.75	14.72	13.20	14.00	62,115,200	13.13
7-Dec-01	20.84	20.84	10.94	12.00	76,966,304	11.26
6-Dec-01	22.00	22.04	20.81	20.85	7,512,700	19.56
5-Dec-01	22.40	22.78	21.77	22.00	9,427,900	20.64
4-Dec-01	21.72	21.91	20.90	21.90	7,705,900	20.55
3-Dec-01	21.18	22.39	21.06	22.06	5,183,700	20.70
30-Nov-01	21.95	21.97	21.33	21.43	3,429,700	20.10
29-Nov-01	21.69	21.79	21.06	21.70	3,720,000	20.36
28-Nov-01	21.34	21.80	20.50	21.31	4,822,300	19.99
27-Nov-01	21.10	22.11	20.96	21.86	7,653,600	20.51
27-Nov-01	$ 0.125 Cash Dividend
26-Nov-01	21.45	21.54	21.02	21.09	5,448,000	19.67
23-Nov-01	21.00	21.70	20.55	21.48	2,258,000	20.03
21-Nov-01	21.75	21.79	20.85	20.90	3,880,000	19.49
20-Nov-01	21.00	21.85	21.00	21.30	5,785,600	19.86
19-Nov-01	20.31	20.99	19.85	20.35	7,189,000	18.98
16-Nov-01	20.11	20.50	19.99	20.26	7,668,300	18.89
15-Nov-01	21.25	21.30	19.88	20.05	10,773,000	18.70
14-Nov-01	22.45	22.46	21.50	21.60	5,360,700	20.14
13-Nov-01	23.25	23.69	22.37	23.00	3,939,600	21.45
12-Nov-01	22.45	22.87	21.65	22.79	3,518,700	21.25
9-Nov-01	23.50	23.70	22.60	22.76	4,779,100	21.23
8-Nov-01	22.70	23.60	22.26	22.72	5,342,700	21.19
7-Nov-01	22.05	22.49	21.31	22.15	6,431,300	20.66
6-Nov-01	22.35	22.36	20.94	21.72	7,184,200	20.26
5-Nov-01	23.70	23.87	22.50	22.59	5,193,500	21.07
2-Nov-01	24.35	24.38	23.00	23.36	3,609,400	21.79
1-Nov-01	24.85	24.90	23.60	23.98	6,659,800	22.36
31-Oct-01	26.30	26.31	24.51	24.69	7,446,000	23.03
30-Oct-01	27.25	27.25	26.07	26.35	4,798,200	24.57
29-Oct-01	28.20	28.58	27.59	27.80	4,240,800	25.93
26-Oct-01	28.00	28.90	27.51	27.92	7,776,600	26.04
25-Oct-01	24.85	27.40	24.79	27.35	5,048,300	25.51
24-Oct-01	24.05	25.25	23.80	24.95	6,229,800	23.27
23-Oct-01	24.95	25.86	24.36	24.86	4,522,000	23.18
22-Oct-01	24.80	24.98	24.15	24.55	3,600,900	22.90
19-Oct-01	23.05	24.12	22.66	24.00	4,447,800	22.38
18-Oct-01	24.50	24.50	23.00	23.05	5,740,200	21.50
17-Oct-01	25.25	25.56	24.20	24.36	4,534,000	22.72
16-Oct-01	24.50	25.10	24.30	24.87	6,101,600	23.19
15-Oct-01	25.34	25.65	24.21	24.57	2,953,700	22.91
12-Oct-01	25.50	26.20	24.91	25.34	3,980,400	23.63
11-Oct-01	25.96	26.69	25.06	25.74	4,329,400	24.00
10-Oct-01	24.55	26.05	24.30	25.95	4,041,000	24.20
9-Oct-01	24.20	24.67	23.60	24.28	3,158,400	22.64
8-Oct-01	23.38	24.74	23.01	24.05	4,648,400	22.43
5-Oct-01	24.11	24.15	23.00	23.38	4,408,300	21.80
4-Oct-01	22.45	24.24	22.45	23.75	6,777,900	22.15
3-Oct-01	21.30	22.54	20.54	22.33	4,620,800	20.82
2-Oct-01	21.60	22.08	21.20	21.42	3,802,300	19.98
1-Oct-01	22.25	22.25	21.21	21.90	6,243,500	20.42
28-Sep-01	21.10	22.65	21.10	22.55	7,327,100	21.03
27-Sep-01	19.75	20.93	19.56	20.90	6,337,700	19.49
26-Sep-01	20.50	20.51	19.35	19.70	9,319,500	18.37
25-Sep-01	21.30	21.35	19.96	20.06	5,898,900	18.71
24-Sep-01	22.80	22.95	20.75	21.01	5,241,400	19.59
21-Sep-01	21.57	23.30	20.21	22.58	6,136,200	21.06
20-Sep-01	21.70	22.72	21.49	21.56	5,912,400	20.11
19-Sep-01	24.70	24.75	21.40	22.65	8,493,800	21.12
18-Sep-01	26.65	26.88	24.43	24.50	4,361,400	22.85
17-Sep-01	29.40	29.70	26.52	26.65	4,877,400	24.85
* Close price adjusted for dividends and splits.

Or a 47.2% drop from 9/17/01 through 12/10/01

Schlumberger: 9/17/01 through 12/10/01
10-Dec-01	52.07	52.75	51.22	51.43	3,983,300	49.18
7-Dec-01	51.95	53.10	50.25	52.79	4,376,400	50.48
6-Dec-01	52.80	53.10	51.95	52.26	5,192,400	49.97
5-Dec-01	51.80	53.70	51.77	53.40	7,342,300	51.06
4-Dec-01	49.50	50.94	49.00	50.65	4,637,900	48.43
3-Dec-01	47.68	50.00	47.27	49.43	4,130,300	47.27
30-Nov-01	47.80	48.58	47.08	48.01	2,807,900	45.91
29-Nov-01	46.79	48.30	46.16	48.00	2,660,100	45.90
28-Nov-01	46.50	47.97	45.95	46.80	3,224,700	44.75
27-Nov-01	46.30	47.99	45.65	47.22	4,482,100	45.15
26-Nov-01	46.81	46.94	45.95	46.30	3,679,400	44.27
23-Nov-01	46.45	47.71	45.80	47.48	1,842,100	45.40
21-Nov-01	47.86	48.35	46.50	47.21	4,087,900	45.14
20-Nov-01	46.90	48.10	46.64	47.86	5,597,800	45.77
19-Nov-01	44.20	45.95	43.70	44.93	5,601,100	42.96
16-Nov-01	44.00	45.10	43.50	45.10	7,007,000	43.13
15-Nov-01	44.15	44.36	42.10	43.18	10,920,200	41.29
14-Nov-01	47.70	48.20	45.95	46.10	4,919,100	44.08
13-Nov-01	49.62	50.24	48.11	49.30	3,960,900	47.14
12-Nov-01	47.80	49.83	47.32	49.42	2,359,500	47.26
9-Nov-01	49.05	49.85	48.75	49.74	3,456,200	47.56
8-Nov-01	48.40	49.17	47.50	48.25	3,165,600	46.14
7-Nov-01	45.30	47.90	45.02	47.46	4,058,200	45.38
6-Nov-01	46.94	46.98	44.60	45.97	5,841,900	43.96
5-Nov-01	48.00	48.18	46.81	47.34	2,403,100	45.27
2-Nov-01	48.40	48.41	46.80	47.50	2,278,400	45.42
1-Nov-01	47.85	48.65	46.50	48.50	4,403,300	46.38
31-Oct-01	49.54	50.10	48.11	48.42	4,085,500	46.30
30-Oct-01	50.75	51.60	48.80	49.79	3,827,800	47.61
29-Oct-01	53.17	54.15	51.50	51.60	4,541,300	49.34
26-Oct-01	50.50	53.23	50.17	53.10	4,578,000	50.78
25-Oct-01	46.80	50.45	46.76	50.45	4,908,200	48.24
24-Oct-01	48.00	48.44	46.20	47.59	3,943,000	45.51
23-Oct-01	47.50	49.49	46.90	48.60	3,924,200	46.47
22-Oct-01	47.53	48.20	46.05	48.20	2,348,000	46.09
19-Oct-01	46.90	47.29	45.13	47.24	3,123,800	45.17
18-Oct-01	46.51	46.93	45.57	46.17	2,440,000	44.15
17-Oct-01	48.50	48.85	47.00	47.23	3,344,900	45.16
16-Oct-01	45.94	47.57	45.45	47.54	3,380,600	45.46
15-Oct-01	46.50	47.40	44.72	45.94	2,559,200	43.93
12-Oct-01	46.45	47.48	45.85	47.29	2,845,900	45.22
11-Oct-01	47.84	48.30	45.95	46.64	3,919,600	44.60
10-Oct-01	46.05	47.81	45.75	47.57	2,943,400	45.49
9-Oct-01	45.90	46.17	45.03	45.84	2,149,300	43.83
8-Oct-01	45.31	46.90	43.90	45.10	3,046,100	43.13
5-Oct-01	45.65	46.20	43.95	45.30	2,763,300	43.32
4-Oct-01	44.45	46.49	44.20	45.45	5,470,300	43.46
3-Oct-01	43.25	45.08	42.05	44.14	4,913,700	42.21
2-Oct-01	44.00	44.80	43.22	44.80	2,846,100	42.84
1-Oct-01	45.20	45.37	43.00	44.09	3,588,200	42.16
28-Sep-01	43.98	45.94	43.90	45.70	3,757,300	43.70
27-Sep-01	42.00	43.48	40.84	43.40	4,770,800	41.50
26-Sep-01	42.00	43.43	41.05	42.00	4,839,100	40.16
25-Sep-01	44.70	44.93	41.47	41.94	6,587,800	40.10
24-Sep-01	46.85	46.86	43.50	44.68	6,142,100	42.72
21-Sep-01	45.01	47.02	43.69	46.96	4,783,900	44.90
20-Sep-01	42.80	46.06	42.73	45.00	6,515,600	43.03
19-Sep-01	46.80	46.80	42.18	44.20	6,771,500	42.27
18-Sep-01	48.45	48.85	46.61	47.60	4,507,100	45.52
17-Sep-01	50.65	51.50	48.00	48.30	3,985,700	46.19
* Close price adjusted for dividends and splits.

Or a 6.4% increase after 9/11

I'm not sure what this means especially since the war in Afghanistan was already set but HAL didn't rebound.

20. Another view looks at the 24 days before and after August 6th

Try this--the 24 days before august sixth, and the 24 days after. There you will see that August 6th was the divergence point.

p.s. Later that year, they had asbestos claims against them.

[Gman]

The asbestos suits had been ongoing for HAL since Cheney bought the

asbestos companies with the legal contingent liabilities for some absolutely unknown really stupid reason.

Here's the monthly subsequent data. Notice that HAL doesn't even begin to recover until (let's all guess) November '02, after the Dems failed to grab congress and no bid contracts for Iraq were already being let.

Date	Open	High	Low	Close	Avg Vol	Adj     Close*
Sep-04	29.23	31.83	29.06	31.59	3,662,838	31.59
31-Aug-04	$ 0.125 Cash Dividend
Aug-04	31.53	31.85	26.45	29.17	3,968,763	29.17
Jul-04	30.09	32.00	29.02	31.75	3,023,619	31.61
Jun-04	29.35	31.34	28.45	30.26	3,688,600	30.13
1-Jun-04	$ 0.125 Cash Dividend
May-04	29.70	30.71	27.35	29.04	3,856,580	28.79
Apr-04	30.39	32.35	29.06	29.80	3,714,023	29.54
2-Mar-04	$ 0.125 Cash Dividend
Mar-04	32.00	32.70	27.61	30.39	5,687,847	30.13
Feb-04	30.49	32.12	29.02	31.96	3,932,521	31.56
Jan-04	26.02	30.68	25.80	30.15	4,815,670	29.78
Dec-03	23.45	27.20	23.22	26.00	3,942,809	25.68
28-Nov-03	$ 0.125 Cash Dividend
Nov-03	24.22	24.69	22.23	23.35	2,555,657	23.06
Oct-03	24.25	26.70	23.10	23.88	4,109,852	23.46
Sep-03	24.05	25.90	23.65	24.25	3,419,333	23.82
2-Sep-03	$ 0.125 Cash Dividend
Aug-03	21.98	24.19	20.75	24.18	3,351,666	23.63
Jul-03	23.00	23.90	20.50	22.17	5,561,513	21.67
3-Jun-03	$ 0.125 Cash Dividend
Jun-03	23.80	25.37	21.91	23.00	6,102,438	22.48
May-03	21.50	24.67	21.12	23.87	4,113,028	23.20
Apr-03	20.74	21.76	19.98	21.41	3,416,609	20.81
4-Mar-03	$ 0.125 Cash Dividend
Mar-03	20.45	22.10	18.65	20.73	5,057,823	20.15
Feb-03	19.11	20.88	18.62	20.26	3,558,610	19.57
Jan-03	19.05	20.00	17.20	18.76	4,198,504	18.12
Dec-02	21.00	23.00	17.90	18.71	6,117,366	18.08
25-Nov-02	$ 0.125 Cash Dividend
Nov-02	16.13	21.39	15.40	21.37	5,431,510	20.65
Oct-02	12.91	16.44	12.45	16.18	3,454,726	15.53
Sep-02	14.82	16.00	12.05	12.91	2,373,815	12.39
3-Sep-02	$ 0.125 Cash Dividend
Aug-02	13.20	15.45	11.30	15.20	2,683,545	14.47
Jul-02	15.80	15.84	8.97	13.20	4,991,395	12.56
4-Jun-02	$ 0.125 Cash Dividend
Jun-02	18.50	18.70	14.60	15.94	3,217,465	15.17
May-02	16.90	19.63	15.49	18.55	4,760,681	17.54
Apr-02	17.17	18.22	16.26	16.99	3,516,223	16.06
Mar-02	16.66	17.68	15.50	17.07	5,485,495	16.14
26-Feb-02	$ 0.125 Cash Dividend
Feb-02	14.00	18.00	12.85	16.50	7,478,044	15.60
Jan-02	13.05	14.78	8.60	13.75	15,960,676	12.90
Dec-01	21.18	22.78	10.94	13.10	15,907,080	12.29
27-Nov-01	$ 0.125 Cash Dividend
Nov-01	24.85	24.90	19.85	21.43	5,622,676	20.10
Oct-01	22.25	28.90	20.54	24.69	5,256,360	23.03
Sep-01	29.40	29.70	19.35	22.55	7,123,290	21.03
* Close price adjusted for dividends and splits.

HAL rose 33% from October '02 to November '02.

Have you checked insider trading?

23. Insider trading doesn't say much

Put options or call sales might show more.

Note, the stock actually went up around the Asbestos judgement on Oct 26.

But please, just look at the few weeks before and after August 6th, so as not to muddy the picture with october asbestos judgement.

And no one has commented on the September 10th WMD project--

[Gman]

26. Here it is...

Halliburton 7/13/01 - 8/30/01:
Date	        Open	High	Low	Close	Volume	   Adj Close*
30-Aug-01	29.95	30.33	27.89	28.00	6,568,100	26.00
29-Aug-01	30.65	31.10	30.00	30.15	2,649,700	27.99
28-Aug-01	31.70	31.70	30.25	30.45	3,249,600	28.27
27-Aug-01	31.33	31.84	31.08	31.30	2,031,200	29.06
24-Aug-01	30.97	31.29	30.63	31.08	2,611,400	28.85
23-Aug-01	31.69	31.69	30.65	30.84	2,831,800	28.63
22-Aug-01	32.50	32.99	30.75	31.44	4,608,900	29.19
21-Aug-01	32.05	32.40	31.45	32.05	2,875,600	29.76
20-Aug-01	31.80	32.20	31.30	31.48	1,763,800	29.23
17-Aug-01	32.30	32.40	31.61	31.92	1,891,200	29.63
16-Aug-01	33.00	33.10	31.61	32.30	4,973,500	29.99
15-Aug-01	30.54	33.14	30.54	32.84	5,016,900	30.49
14-Aug-01	30.80	31.00	30.10	30.54	7,851,800	28.35
13-Aug-01	31.75	31.96	30.70	30.80	5,586,800	28.59
10-Aug-01	32.60	32.83	31.50	31.50	5,404,200	29.24
9-Aug-01	33.50	33.69	31.90	32.00	5,756,400	29.71
8-Aug-01	35.36	35.64	33.18	33.50	2,953,200	31.10
7-Aug-01	35.45	36.25	35.20	35.36	2,501,500	32.83
6-Aug-01	35.17	35.84	34.80	35.30	1,729,200	32.77
3-Aug-01	35.49	35.74	35.00	35.16	2,372,700	32.64
2-Aug-01	35.10	35.70	34.31	35.49	3,049,700	32.95
1-Aug-01	35.84	36.49	34.35	34.45	4,694,500	31.98
31-Jul-01	36.70	36.79	34.88	35.01	2,901,200	32.50
30-Jul-01	36.10	36.59	35.65	36.45	3,669,600	33.84
27-Jul-01	35.51	36.35	34.52	36.10	3,532,000	33.52
26-Jul-01	35.00	35.80	34.20	35.50	6,658,400	32.96
25-Jul-01	33.00	34.25	32.16	34.25	4,536,700	31.80
24-Jul-01	33.90	33.90	31.93	32.44	2,627,500	30.12
23-Jul-01	33.90	34.22	32.84	33.64	3,236,300	31.23
20-Jul-01	32.20	33.75	32.00	33.74	4,941,900	31.32
19-Jul-01	31.40	31.97	30.81	31.55	4,260,000	29.29
18-Jul-01	30.02	31.50	29.24	31.01	6,669,400	28.79
17-Jul-01	31.10	31.75	29.87	30.66	5,059,600	28.46
16-Jul-01	32.15	32.80	30.01	30.40	4,605,800	28.22
13-Jul-01	31.78	33.11	30.80	32.15	4,963,000	29.85
* Close price adjusted for dividends and splits.

And, I'm not real surprised about the WMD statement knowing what we know now that they had been planning on invading Iraq since at least January '01, if not going back too 1998 when, according to PNAC, they approached Clinton about invading Iraq.

28. THANKS! That is EXACTLY the chart I spied!

[The empressof all]

8. This is extremely important work

Thank you so much for thinking and doing all this. It's too bad our mainstream press will ignore it.

9. I didn't find the Sept 11th report to be adequate in this area--

Thanks!

They devoted only a small section to this type of analysis in the 9-11 report, and gave few details of what they did.

So I did my own research.

10. p.s. Do you think the mainstream press will ignore it?

I certainly hope hot!

11. kick

[Wind Dancer]

13. Unfortunately not.

Excellent work, we need to get this information out.

[LeftHander]

12. UNfortunately this report is flawed

There were negative reports on Halliburton and they were concerning Asbestos claims that were awarded. There were lawsuits that were awarded over 3 million each and this was setting a precedent for future litigation against Dresser industries a subsidiary of Halliburton.

Halliburton's stock dropped like a stone because of Asbestos.

Halliburton purchased Dresser under Cheney in 98-99 and subsequently was immdiately wrapped up in Harbison-Walker (Yes the Walker of GHWB and GWB). HW was part of Dresser for many years. Dresser was actually taken public by Prescott Bush in the late 20's.

This report is part correct that 911 was a money grab by Halliburton but it was all part of a plan to save Halliburton, Dresser, Harbison-Walker and of course the Bush family from ruin due to Asbestos claims.

Why do you think the GOP is pushing for lawsuit reforms and limits of liability? They still have to shut down the eventual juggernaut of claims coming to Halliburton.

So a big event - 911, a long expensive war and a no-bid contract for Halliburton to get that stock back up and to buy time while Cheney and the GOP figure out how to eliminate libility for asbestos and make a boat load of money off the tax payers backs at the same time.

[Wind Dancer]

15. Paul Wellstone was investigating the asbestos claims

if I remember correctly.

[Minstrel Boy]

17. And there was another convenient plane crash involving

three asbestos execs who could have hurt Cheney.

Plane Crashes, WR Grace, Deadly Asbestos, WTC Collapse & Wellstone
http://www.democraticunderground.com/duforum/DCForumID60/28856.html

19. Nope! sorry the stocks traded in line up until the Aug 06 Memo

There were no announcements of costs against the company prior to, or in this period at all! Those aren't part of the analysis.

In fact, you can see the two stocks in tandem on this larger chart.

ALSO--this doesn't explain the Sept. 10 contract for WMD.

http://finance.yahoo.com/q/bc?t=5y&s=HAL&l=on&z=m&q=l&c=slb

Asbestos came later--

DALLAS, Texas - A jury in Holmes County, Miss., rendered a verdict on Friday, October 26, 2001, against three companies in an asbestos case in favor of six plaintiffs for a total of $150 million. Halliburton's subsidiary, Dresser Industries, Inc.,

22. p.s. Halliburton actually trade up on the asbestos judgement but went

down later.

27.25
27.25
26.07
26.35
4,798,200
24.57

29-Oct-01
28.20
28.58
27.59
27.80
4,240,800
25.93

26-Oct-01
28.00
28.90
27.51
27.92
7,776,600
26.04

25-Oct-01
24.85
27.40
24.79
27.35
5,048,300
25.51

24-Oct-01
24.05
25.25
23.80
24.95
6,229,800
23.27

23-Oct-01
24.95
25.86
24.36
24.86
4,522,000
23.18

[H. Rearden]

14. I don't get it

"No, instead actions were taken to defend Halliburton stockholders, and further, to enhance profits."

How are the stockholders defended when the stock price decreases?

18. They dump the stock at a higher price

or profit from derivatives.

Clearly, if halliburton got a contract for WMD on sept 10...doesn't take a genius to figure out

21. kick

[John_H]

24. You need to check the charts against the index charts

for the same period, especially with respect to volume, if you want to convince anybody.

[Gman]

27. here's HAL's volume chart

which spikes during the period after 8/6






Traditionally, there's relatively light volume during August because everyone's on vacation. However, I've gotten absolutely hammered in August before.

29. WOW, the VOLUME SPIKED after the memo--important!

Like that chart too!

Thanks!

Oh, yea--I compared against the Oil Services Index OIX

31. WOW the volume was WAY HIGHER than Dow volume--

We are definitely onto something here.

[Gman]

32. There's something here but

you'd have to go back and analyze each day's news, investor reports, advice, etc along with the progress of the asbestos suits, the oil industry in general and insider trading. You say insider trading doesn't say a lot so I would use a null hypothesis of it being caused by the asbestos suits. Did something happen with these suits at this point in time? HAL was getting real close to going belly up on paper right about the beginning of 02 because of the asbestos suits.

This is in the middle of the 3rd Q. Obviously, their balance sheet probably didn't show anything unusual under liabilities for the 2nd Q or else you would see a dip around the middle of July. However, I can't find financials for that period of time.

33. All that said--

I did go thru their news, and it was all positive during that period. As I said, they got big new contracts.

No negative news.

The turning point is Aug 06.

[robertpaulsen]

25. Dan, do you think this ties in with Buzzy Krongard?

I think looking at this matter deeply can only be fruitful in pinning 9/11 on Cheney. How typical that these arrogant traitors tried to profit off their own evil. I think Cheney used the Krongard faction of the CIA to carry this out.

http://www.fromthewilderness.com/free/ww3/10_09_01_krongard.html

I guess we'll know more when Crossing the Rubicon comes out. Great work DanSpillane! And great pdf on the August 6 memo!

30. The new way to look at this is relative to Halliburton and 08/06 memo

The news about the 08/06 memo came out recently; people were earlier looking at stock movements based on a much broader view--making it hard to find things.

I agree, there was some airline stock trading; but that could be the terrorists themselves. I think it is much more interesting to zoom in on the White House memo.

34. kick

[banana republican]

35. Questions that need to be answered

1) Who were the stockholders that sold HAL stock following the 8/6/01 memo. HAL should have those records and the dates sold and purchased. Does someone in litigation want to issue a subpoena????

2) What is the Beta Coefficient for HAL before and after 8/6/01 (the beta is a statistical measure of how a stock varies to the market as a whole a significant deviation here would be significant)

3) Do other companies in the BFEE show similar characteristic? (e.g. companies with heavy investments from say the Carlyle group; companies that people like Rummy were the CEO's of like ABB)


But hey I know you folks are already working on this stuff and will have a full report in the next day or two.

thanks

36. Another question--VERY important

What OTHER business decisions were made by associates of Cheney, between August 5th, and Sept 10th 2001, at both public and private companies?

I agree, the beta would be a good measure.