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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject5/9/2001 6:25:52 PM
From: gongoman   of 100058
 
EMC announces stock buy back
Hmmmmmmmmm, reminds me of the time I bought IBM it seemed to really be floundering . Yes sir, IBM made this big announcement they were doing this buyback , at the time the stock was trading at 132 . I loaded up of course, to make a long story short, I should have shorted it on that news. Seems the stock fell down into the 90'ss shortly after that . Strange how those stock buybacks can work eom.
mj
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