The Whole World is Laughing
Last year, at the height of his anti-gay celebrity, eastside Rev. Ken Hutcherson told the New York Times that his grand ambition was to become “the most feared man in America.”
Would he settle for the most laughed at man in America? Because that’s what he became yesterday, when he announced his revised plan to bend Microsoft to his anti-gay will.
The new plan (not to be confused with the old, non-existent boycott plan) is for Christian fundamentalists to all buy a few shares of Microsoft stock over the next few months and then sell those shares all at the same time, on May 1. Apparently, Hutcherson believes this will cause Microsoft’s stock price to tank, an idea that “one market expert laughed at,” according to the AP.
Over at Americblog, John Aravosis is also laughing at Hutcherson’s plan, describing the pastor as “not exactly a walking billboard for intelligent design.”
Here’s something else that’s funny: Microsoft is planning to launch a new system for placing ads with its search results in June, a move that will position the company to better compete against Google and seems highly likely to drive up Microsoft’s stock price. So, all those Hutcherson-following fundamentalists (if there are any) who rush out now and buy Microsoft, and then sell their shares on May 1, just before the stock is likely to jump — well, they may come to constitute one of the dumbest classes of investors in the marketplace.
But here’s what I think is the hands-down funniest part: The AP consulted a professor at the University of Washington about Hutcherson’s planned market manipulation, and the professor said it could be illegal.
How long do you think it will be before the first SEC compaint is filed? Tick, tick, tick….