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war: Now, it may have been risky, but it was certainly possible [for a short seller] to make money on these stocks.

Sure. In the case of UAL, you'd want to initiate your short around 11:30 or so on Monday morning, then cover the position minutes before the close. On Tuesday you'd wait until the peak at 1:00 to short, then again cover right before the close. On Wednesday you'd short at the open, then cover no earlier than 11:00 but definitely no later than 3:00.

But then, you're not making a profit from terrorism, you're making a profit from your Magic Eight-Ball.
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