Forum Post: the fastest way to win this entire thing
Posted 13 years ago on Nov. 18, 2011, 4:16 a.m. EST by ouch
(3)
This content is user submitted and not an official statement
If you want to take down wallstreet…if the movement is large enough, have everyone on a certain date sells just $100 of the target company stock…they won’t be too big to fail anymore they will be small enough for no one to care. Take just 1 down…and you will have all of the respect and voice you need to get everyone’s attention. It asserts a penalty to the people trying to squash the movement and will exert the kind of power they respect and more importantly it exerts the kind of power they fear.
Good Luck 99%
Interesting argument...all opinion…no facts. This strategy was used to almost wipe out the company “crocs” and I don’t believe they have never fully recovered from it. It was also used against a few others as well, but it’s the one I recall offhand. It works. So other than a 2nd grade argument and a 5th grade vocabulary…any reason why it wouldn’t work?
In order to do this you need all of the sensible people to turn into idiots like you.
lets start today
No, I think it ought to be one of the major non-repentant offenders. Even Bloomburg I think would take pause if the numbers are large enough.
everyone in the world should boycott 1 company nobody uses it worlwide & this will put them out of business
It might look on the surface like it doesn’t work, but the idea was from a day trader who uses it with a lot of other “friends” and it very quickly devalues the stock. Combined with the negative publicity you will have Bank of Americas worst nightmare. It probably won’t kill the company, but it shows consolidarity and flexes the movements power in a very real and effective way. Short the stock en mass & it hurts the 1% in a one of the few ways they understand. I also suspect more people will participate than you might imagine. Check the stock price of Bank of America on the “move your money” day and since. They stopped the intended debit card fee and no other bank has decided to try it. Power comes from people, more power comes from their money…after all the supreme court has decided it’s free speech. Boycott & sell the stock. If enough people participate we really can ROAR!
Haha, just because lots of people sell stock in a company does not mean nobody will buy it. There are more people who will buy shares in a profitable company than you will ever be able to come up with to sell shares in the company.
And all of those sellers -- who presumably will be selling short if they didn't already own the company -- will have very significant fees as a percentage of the $100 of stock that they sell.
"ouch" may be well-intentioned, but he/she (like most people) is not well informed in the fields of finance and economics.
The act of selling requires a buyer ... by definition.
Right! The initiator of this post was implying that the transaction prices will go down because lots of people are selling. But if the company is sound and profitable, nothing bad will happen to the price.
[Removed]
Brilliant way to take a company down and make all it's employees instantly unemployed and leave it's creditors struggling. Some very constructive thinking. Winning.