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Gbathat

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Gbathat

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Wednesday, 12/20/2017 11:32:35 PM

Wednesday, December 20, 2017 11:32:35 PM

Post# of 2532
Nice action today relative to market, but this might hurt any December calls... https://www.bloomberg.com/news/articles/2017-12-20/trump-is-said-to-plan-tax-signing-jan-3-due-to-technical-issue

Trump may not sign until 3 Jan... ugh

I've also seen a few dud buyback announcements this last week.... PFE and PPG. PFE stock price decreased when they upped their buyback plan by about 5 percent of market cap... I assume the market had higher expectations. PPG went up a little with a buyback plan for about 10 percent of market cap.

It looks like the market has priced in some of the buyback potential. I hint both of those companies are rated much less favorably than Cisco, so they may not be good reference points.

God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.

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