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Microcap & Penny Stocks : INFE ... Infocall another Sleeper
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To: cascara who wrote (3719)6/5/1998 12:48:00 PM
From: justaninvestor  Read Replies (1) of 10343
 
<<Stock buybacks are typically completed over a period of days in different lot sizes to avoid destabilizing the price.>>

I would tend to disagree that stock buybacks are typically completed over a period of days if you are inferring that the buyback will be over a short period of time. Most buybacks that I have been involved with have taken place over months. In fact, usually the company states the amount of funds that are committed and the term. Also, I've never seen a company set a target price - not that INFE did here - just a general statement.

Of course, throw everything I've said out the window if the stock rockets to $6-$8 in the next couple of weeks (and not because of the buyback).

bbruin - "Hold long, be strong & don't whine"



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