An announcement has just been released that the company bought...

An announcement has just been released that the company bought 50K shares yesterday and the company has an intention to buy as much as 11,127,104 shares. As I mentioned in my previous message a 38c is a good support level which is supported by the technicals and fundamentals due to the company buy back policy. What I don't understand its stupidity of the sellers who are selling big parcels of shares almost every day in the past 1.5-2 weeks.