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"Coincidence" #21: Profiting from Peril: Investor Knowledge of Hamas Attacks
Recent reports in prominent global financial publications, including De-Marker in Israel and N12 News, shed light on a startling revelation: prior to the Hamas attack, many investors were privy to preliminary information about the impending breach and capitalized on this knowledge, reaping substantial profits.
Interestingly, the chosen date of the attack, October 7, was widely known among investors well in advance. This pattern of anticipation echoes a previous instance during the week of Passover, where a similar scheme was thwarted by heightened IDF vigilance. Notably, a recent study conducted by researchers from New York and Columbia Universities found a surge in short-selling activity against Israeli companies in the days leading up to the attack, including significant transactions involving Bank Leumi, resulting in profits amounting to millions of shekels.
The study's findings suggest that investors had access to advance information regarding the attack, leveraging this knowledge for financial gain. This raises pertinent questions about the discrepancy between the awareness of traders and the apparent lack of intelligence among the heads of the Shin Bet and the state regarding the October 7th date.
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