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Flooding the market sure worked aganst Smith and Wesson when they caved to Clinton. It nearly bankrupted them.
The flood of used goods makes a good statement, and might even devalue the new goods slightly, but it was the lack of new sales that nearly bankrupted them. Also, any devaluation would impact your attempt to "dump" the used products.
Personally, I don't like the word "boycott", I prefer "ostracize".
I advocate the ostracizing of magpul.