I think stock buybacks in general are dumb and contribute little to nothing to the value of a company long term. Although reasonable dividends can be smart provided employee and product investment come first. But to any extent we do stock buybacks, it should be all saved up and pooled for hissy fit analcyst crackberry day trader temper tantrums like today. At least we'd get more for our money that way, and it would provide a nice backstop for the real longer term investor.