GW, regardless of your intent, which is to teach the MMs a lesson if I have read all this right and show the regulators the unhappiness or the public. I will tell you who cares.
Traders are the greediest people on earth. Also in case you did not realize it the 28th two days after this boycott the $25,000.00 rule comes into affect.
Hey I do not care about why or anything else except I will not be a part of it. But I will be bottomfishing and publicly letting everyone know that I will be one watching for the srtical affect in the market and fully intend to take advantage of it should it have an affect.
Bottom line is join and do it if you join. Be honest to your fellow boycotters and do not buy in on the drop in price.
But what if the SEC pulls the boycott list and then goes to every name and ask for trading logs during this time. What do you think will happen if the logs show people that join and posted on the internet they would do this boycott but instead took advantage of it?
I am being quite frank and open about this. If this boycott is affective I fully intend to get in before the buying comes back. Also since I am trying to talk sense to people here I am not going to be manipulating the market just taking advantage of the manipulation or influence if you would prefer that.
You remind me of the arguement a while back where the point was of course, one must recognize the theory that securities manipulation is functionally impossible. refernece was Daniel R. Fischel & David J. Ross, Should the Law Prohibit Manipulation in Financial Markets?, 105 HARV. L. REV. 503 (1991) This arguement was based on it is so difficult to successfully manipulate stocks that people would not even try. However, Professor Thel persuasively argued that the manipulation which Fischel and Ross believe cannot happen in theory does, nonetheless, occur in real life. reference Steve Thel, $850,000 in Six Minutes–The Mechanics of Securities Manipulation, 79 CORNELL L. REV. 219 (1994). Certainly the Congress which passed the 1934 Act believed in, and hoped to prevent, stock manipulation. you could look up H.R. REP. No. 1383 which refers to the problem of “the deliberate introduction of a mob psychology into the speculative markets by the fanfare of organized manipulation.”
Did you actually expect to try a boycott and not get some moron like myself to voice an opposing opinion? C'mon this is the interent.
:=) Gary Swancey
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