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Re: Ogclip © post# 19684

Wednesday, 07/26/2006 6:40:26 PM

Wednesday, July 26, 2006 6:40:26 PM

Post# of 212938
ogclip! I agree with you. The only way of popping this thing out of its cage is by Management buying back and reducing the amount of outstanding shares. Ie, the fewer the o/s shares the more people will have to pay for them. Your observation on the L2 behaviour could be right by all means.


It was just that there was so many MASSIVE trades all in the amount of 9M. I figured it had to be the company buying back, which i would expect to effect the PPS, but didn't seem to...

If you look at the trades, and the amounts. The last 15 minutes (when the copmany is not allowed to buyback shares by law) the L2 shifted the most!

I might be wrong, but its just an observation I made..