RE:RE:Why so much negativity?Spanito wrote: Two reasons:
Reason #1 - Buyback Shares bring share price down since it's a system used by banks and corporations in ensuring that shares are removed off the market at lower pricing. Manipulation at it's best. As you can clearly see buying back shares isn't helping the current price.
Spanito
Shouldn't the buybacks be doing the opposite since you now have less shares out in the market making the ones out there more valuable? Basically the opposite of a company diluting shares by selling a bunch of extra to bring in more cash.
Even if they do manipulate to drop the price for the buybacks, that would be short term and there should be a correction afterwards so why would everybody else be selling off their shares?