I think the buyback is scheduled for sometime in 2015 but you know that can change and be earlier if the company so decides.
As far as a fall correction; don't know. If I did I would make billions...LOL They keep saying it's gonna happen but it doesn't. Right now, contrary to conventional wisdom, AAL is all I own.
I made great money 2012 thru 2013 in FNMA, FMCC BAC, MU, SNV, DVN and others but since Apr. 2013 its all AAL all the time...