Speakers secured with bungee cord

Sure it will work provided the stand is anchored to the floor.

If not then the speaker may get injured when bungee jumping.

Also if you treasure your speakers- don't let the wife select the length of bungee cord.

I let my pricey speakers go jetboarding and parasailing, but bungee jumping is right out.

Try it if you want to loose an eye or get some stitches, thats about all bungee cords are good for.

Don't know about the stands, but there was this thread about hanging them from the ceiling:

http://forum.audiogon.com/cgi-bin/fr.pl?htech&1098764509&openflup&2&4#2