Replies to post #24946 on Alcar Chemicals Group, Inc. (fka ALCX)

[Crypt Keeper]

My understanding is that when a buyback is announced, the company can only buy at 25% of the average daily volume for the previous 2 months. I have no idea what this volume was but if you figure it was 1.6 million shares/day, this would mean they can only buy 400,000 per day. 35 million shares / 400,000 shares/day gives you 87.5 trading days for SIAM to accumulate. If someone has the actual average volume please do the math and see how long it should actually take.

[risi]

Bottom line is, NITE is a major flipper. All one has to do in a weeks period with the right trading tools is flip 3-5 million shares at a 10-20% average profit and it doesn't take long to make some decent cash. If you can make $5,000 a week doing that, wouldn't be bad. The key is finding a pinky with some volume. IMO of course. I have no idea if this is the case.