InvestorsHub Logo
icon url

analyzethis

02/03/06 4:55 PM

#30477 RE: islandblows #30476

uh..hem...They already announced it (Dec 19, 2005 PR) and they did!
icon url

Tool_power

02/03/06 5:00 PM

#30481 RE: islandblows #30476

Nah, not a company buyback, an MM buyback. That's a cover. If anything we'll either see the same type of action Monday or we'll see the PPS rise on very low volume. Which will signal that the short cover is pretty much over and the MMs are bringing the price up to where it should be.

Remember, the MMs not only make money shorting a pink, but they also make money by buying their own shares at these levels and then letting the PPS rise to new high levels and selling their shares when a major PR hits to new buyers.

I think they're getting set up to do the latter. JMHO

Tool