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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Druss who wrote (13876)	9/17/2001 7:31:19 AM
From: Tom Hua	Read Replies (2) \| Respond to of 19633

That's true Druss. I hope we won't see 144s to sell from American insiders this week. Many companies are stepping up to buy back shares, there will many many more announcements in the next few days. 07:25 ET Stock Buybacks : A host of companies announcing plans to repurchase shares of their common stock as a show of support for US equity markets and the long-term outlook of the individual companies. Of course, the timing of such purchases are usually unknown, but likely to see many buying stock right off the open (see 6:35 comment) in an attempt to stabilize their stock prices. Among the companies announcing buybacks are FBF ($4 bln), CSCO ($3 bln), FDC ($700 mln), SEBL ($500 mln), IVGN ($150 mln), BEAS ($100 mln), SBUX ($60 mln), SANM (5% of outstanding shares), SGR ($100 mln). Regards, Tom