im still undecided as to whether or not the buy back ACTUALLY influences the share price...
at the end of the day, people will only buy and sell for what they see to be a fair price... and when then share drops to $2, the sellers dry up and the buyers come in. when the share gets to $2.10, the reverse happens...
so how has this $1.36 million actually influenced the market? are people saying that had they not purchased the shares, the sellers would have gone wild and been willing to sell at $1.80 and lower?
i dont think so...
buy backs do little to influence the market other than as a sign of confidence from management IMO...
CDU Price at posting:
$2.11 Sentiment: LT Buy Disclosure: Held