Will There Be a Run on NewsCorp (NWS) Holdings?
Unlike the earlier efforts which were organized at a grassroots level, there appears to be no organization behind this latest move whatsoever. Instead, irate investors from around the nation and around the world began announcing their plans to dump NWS stock in several internet forums, and upon discussions they began to achieve consensus that much of the liquidated funds would be donated to the Ron Paul campaign coffers.
One investor, when asked for comment, told us, "I am tired, sick and tired of NewsCorp's Fox News channel deciding for the American public who they will and will not permit to run for President. Nobody asked me to sell my shares of NewsCorp, but I refuse to allow my capitol to be used to censor legitimate presidential candidates."
Will all of this anger and talk of selloffs actually translate into a run on NewsCorp stock? Only time will tell. In the meantime, savvy investors will be keeping a close eye on NWS stock over the next week.
libertyline.blogspot.com/2007/12/will-there-be-run-on-newscorp-nws.html