RE:RE:RE:RE:Good news for line 3Why would that be a bad thing? Buying back your own stock on a treadmill of cheap stocks?
That's the goal, buy your own stocks as cheap as possible, reduce the float & increase the dividends .. = higher yield, lower dividends per share.
NPCexe wrote: My biggest fear is that when SU announces these buybacks, these criminal hedge funds will keep dragging the stock lower because they know it will go up due to buybacks. I kinda saw that with BPY. I just wish they made these imaginary trading options illegal
topdown99 wrote: Generally when someone starts talking "technicals" and the "need to retest" , they have sold at a lower price but want back in and the price isn't cooperating . It's really funny because I look at this chart and see a stock ready to break out . SU is presently buying back shares (cleared to buy 2.49 million/day) so I don't see the price going any lower . By the end of the year SU will have paid down debt , retired 44 million shares and will announce the dividend increase that people seem to be waiting for . Buy now or cry later
Tommy123 wrote: I really think that due to technicals, SU needs to retest the November low before moving higher.