re: better value/ slow ride???
ABN amro will not chase the bait..it waits till it gets down to their instructed biting range..which is .385 /.39
They have already told us they will not pay any more than .435..go figure !
This stock will hover around this level for months and months until the impatient will sell down as no quality news arrives.Which is exactly how ABN will swallow the 1.5million at low range levels..There is no benefit in trying to buy back so much shares if the price keeps running hard..I will play ABNs game and sit at .38/.385 and trade it for its 3 cent moves once a month..
This stock will move slower than paint drying for the next 12 months till ABN gets its instructed quota.This is one calculated company buy-back to minimise capital expense.
What is happening here is not quality share buy-back but a draining magnet of boredom to drag the price down . The more you sit and wait in hope of this buy-back to show its true potential the less chance you have of targeting the current companies with potential now.
Make up your own minds about this..
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