RE:RE:Pyrogenesis buys more shares 2 days in a row..VERY BULLISH!!Oh, you must be referring to share price alone and short term gains... Yeah, enjoy that!
What the original poster is talking about is the bullish sentiment for the company.
I will inform you what this means, because it seems to have missed you, but that's okay, we could all use a refresher occasionally ;)
Share buy backs do 2 things.
The first most important thing they do, is make every single other share more valuable(assuming they are deleted/cancelled upon buyback). The less shares around, means the same earnings get split into bigger pieces. This is a HUGE benefit to shareholders when it is done at the right prices.
The second thing it does(if done at the right price), is show that the company believes it's shares are priced well enough to warrant a purchase, and that they see a large return on that investment in the future, larger than they would get otherwise.
Now, if this still makes it too hard to find bullish sentiment in this, then cheers to you, and I wish you the best of luck in life, because luck is what you will need ;)
Cheers!
FlatBeachLife wrote: Bruh....it ain't bullish if they are buying and the stock is still going lower. This shake out has plenty more to go. See a 4 handle and start to buy.