FL Man Planned to Bomb Target Stores to Bring Down Stock Price

[InfoTech]

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. "

 

[murray t turtle]

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. "

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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 .....

 

[kfir]

Would be more logical to short them before, doesn't seem that smart to first bomb then buy

 

[murray t turtle]

Would be more logical to short them before, doesn't seem that smart to first bomb then buy

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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.......................................................................

 

[mlawson71]

And here I thought actual conmen were terrible. This goes way beyond terrible.

 

[lawrence-lugar]

"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. "

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.

 

[fordewind]

lol

 

[comagnum]

That plan really bombed out. Why would he target such a nice store?

 

[Overnight]

That plan really bombed out. Why would he target such a nice store?

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!)*

 

[vanzandt]

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/