I would suspect the stock is more likely to go up, than down, from here. I would truly like to see the company buy in a significant amount of shares, in the 600,000-800,000 range, if they are available.
This chance is not going to hang around. When the volume goes back to normal (28,000 shares per diem), the shares will quickly move back to a price where management will "feel okay", and stop buying in stock.......this can happen in three or four days.
The increase in volatility due to reduced float, if any, would be on the upside, and allow management to more quickly recover lost ground for itself and all the other shareholders, as well. This includes the institutions, which have the power to kill or revive the stock, as recently demoed.
I also know from conversations that the new set of estimates, ANY new set of estimates, that we see from the analyst community, will publish on the conservative side. There will be built in room for error, mis-steps in the marketplace, and further exogenous currency or customer-driven shocks.
In the meantime, if you own the stock this Saturday morning, well.......just have to sit and wait. By definition, if you are still here, you are still in one piece....... just a 1/3 smaller piece. mcd |
