Replies to post #37816 on The Day Shorters Room

[CPTMatt]

My target is up, I'm not sure about the O/S. But I would say that any buyback is significant at least in the fact that management supposedly is attempting to increase shareholder value by the best means possible, ie not an R/S.

SHGY exploded on news of them buying back some shares (or cancelling can't remember), OMOG is buying back shares, CUPY got rid of part of its O/S. So it seems to be a fairly effective way to make the PPS go UP at least in the short term.

I'm not plannin on holdin this for more than a day or two.

LT Matt

[stkhunter]

was just looking at this, Matt is probably right it probably will go up tomorrow, but lets not get carried away; o/s is over 4.6B and yahoo (which in this case not gonna look further) is showing cash @ 10k, they need 1.1m to do the buyback, over 12 months, good luck.

It should be tradable because of the dividend which goes out at 1 for 1.1m something. So you need 100m shares to get a round lot:LOL