https://www.justice.gov/usao-mdfl/p...-felon-charged-possession-destructive-devices "Barnett theorized that the company’s stock value would plunge after the explosions, allowing him to cheaply acquire shares of Target stock before an eventual rebound in prices. "
%% Target management is doing a pretty good job, of bear trending their stock; cant really blame the''trend is your friend'' on any one person. Besides -polar bear$ have to eat something .....
%% Looks like as sell anyway; not a prediction, one year chart. As high as this bull market, is-- that makes TGT even worse. State of TX ,AG sent them a letter, about TGT nonsense, the polar bears no doubt liked that.......................................................................
Assuming his plan worked...big deal...he would have netted what...5 or 10% tops in the stock in a month? The much more explosive option (no pun intended) would be to buy a bunch of put options. Doesn't matter anyways, The SEC would be all over this incident, and he would have never walked away cleared. Sounds like a dumb, overall amateur plan. Reminds me of the plot to the movie The Taking of Pelham 123 [2009] ...where John Travolta's character orchestrates a situation...and his options contracts exponentially expands.
Comagnum, OMG, how did nobody else get what you did there? Fucking A-1 humor. *high-five to your Gumby! (I am Gumby damn you!)*
If the guy was an "elite trader" he would have shorted the pig when I said to and he wouldn't be in prison. Maybe it was that Tradecat dude. https://elitetrader.com/et/threads/target.301513/