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Microcap & Penny Stocks : INFE ... Infocall another Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: RBM who wrote (3413)6/4/1998 4:32:00 PM
From: hoffy  Read Replies (9) | Respond to of 10343
 
I was very close to buying after the news hit of the company buying back shares in the open market. But then I have some serious doubts about this. Why would they buy back shares at 4 or 5 and not 2 weeks ago when the stock was at 1/4. They could have bought back 20 times what they can now. Are they just trying to hype their own stock. They didn't say how many they would buy back but just that they authorized to do so when they think it is still undervalued.
IMHO they are either hyping it themselves or they are very stupid. Either way makes me nervous buying the company.

I am not trashing the company at all because I will not be buying it at any price. Just raising some questions I had.