Buy low, sell high, so goes the investing adage.
But rather than waiting for markets to hit the right conditions, a Florida man allegedly tried to tank Target's stock by setting off homemade explosives in several of the superstore's East Coast locations. according to a Thursday criminal complaint filed by Department of Justice prosecutors in a federal court.
A registered sex offender, 48-year-old Mark Charles Barnett offered an unnamed affiliate $10,000 to place 10 operational homemade explosives in 10 Target stores in Florida, Virginia, and New York, the complaint alleges. The explosives, which were capable of causing "serious injury and death to nearby persons," were expected to be placed on shelves while disguised as food products.
"Once the boxes had detonated inside of Target stores, Barnett theorized that the company's stock value would plunge allowing him to acquire shares cheaply before an eventual rebound," the complaint read.
The guy offered $10,000 instead turned in the home made explosives to the authorities, because unlike Mark Charles Barnett isn't an idiot.
http://fortune.com/2017/02/17/target-stock-bomb-florida/