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Post# of 87366
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Iron Lotus

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Iron Lotus

Re: tchalla post# 31283

Thursday, 03/06/2008 3:37:24 PM

Thursday, March 06, 2008 3:37:24 PM

Post# of 87366
During a buyback, the company cannot use more than one MM to buy shares back......they cant use the buyback for the first trade of the day and have to stop buying back 10 minutes before trading hours end.

500k share blocks dont mean much in terms of a buyback, if there were consistant 9 million shareblocks going through, then it might MIGHT be a buy back......but they would have to be all buys.

i think theres a tiny bit too much hype here without having any solid info.
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