Luna Innovations Inc (LUNA)

[styl]

this stock didnt have follow thru like most stocks in a buying program for a FUND...


so what was all that spurt buying about all in one shot upto the 1.80's two days ago?


my guess,,,,,,and i do mean GUESS.......is that its likely that Management with its new cash..................getting word from its ex employees on the progress of the sensing technology and potential milestone payment in the future looks good going forward and therefore the company would be trading at a cash discount to its future cash holdings...........so why not implement a stock buyback program if you felt that.

and if thats the case......their strategy might be to buy it in spurts upto the 1.80 range until further progress.....let it drop on its own and buy another spurt back to 1.80 again..

kind of how aapl just did themselves....they didnt run it up all at once.......they did their buying in stages so it didnt runup back to 550 all in one day and then have it drop on them when they were done buying.

Just my opinion.

question is.......can a company start a massive stock buyback without a shareholder notice or are the REQUIRED to say how much and when? I guess it depends if they own 51% of the company or not