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Reply #9: Only if it's for purposes of future investing. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Seabiscuit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-09-06 01:58 PM
Response to Reply #8
9. Only if it's for purposes of future investing.
If someone puts out false news about a company to drive its stock down so they can purchase it low, before the falsity is revealed, driving the stock price back up, yeah, you can get in trouble for that. That's called "manipulating".

But there's nothing wrong with advocating that people dump a company's stock for political reasons when that company breaches its fiduciary duty to its stockholder as Disney has with this phony ABC "docudrama" about 9-11. I am certainly not advocating that anyone repurchase Disney stock at any time in the future, and I certainly won't. No "manipulating" here at all.
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