Guys, the price action is 100 percent related to credibility. The company announces a stock repurchase, we soar 100 percent. Everyone finds out they didn't buy any shares, we retrace 50 percent, despite 2000 buses being added.
No news that is directly related to the company's credibility, ie divi or buyback news will have a material positive effect on the PPS. Anyone that does not realize this by now is dillusional. If you need any evidence, look to the 10q and 2000 bus PR and subsequent selloffs.
We are back where we started. Great numbers but too few believe them and there is too much retail in this stock. Jacky has done everything right, except for the most important things pertaining to PPS.
