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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant? -- Ignore unavailable to you. Want to Upgrade?


To: olduvai5 who wrote (2796)12/16/1997 8:22:00 AM
From: hcm1943  Read Replies (1) | Respond to of 4697
 
Sorry to burst your balloon but a company can't cause upticks in a buyback program they can only buy on downticks or 0+ticks and unless they are buying blocks size is limited by SEC guidelines, also, unless the rules have changed the company cannot buy at the opening or during the last 1/2 hour of trading. Those 30 min can cause a lot of damage. Over the years I've learned buybacks don't overcome weak fundamentals