If the share price has "strong technical resistance" at $1.40 then let's pause the buyback for 2-3 days and find out.
On a day like today one would think the share price could easily drop back 10c if not being artificially supported by the buy-back.
To suggest IOH "don't care" if they pay too much for the stock is crazy IMHO. I know our cash balance is healthy but when we use our own money to buy back stock are we happy to just waste money paying too much for the stock, or would we prefer that the stock is purchased at the cheapest possible price in order to preserve our cash?
current sp and buyback strategy, page-4
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)