Originally Posted by
Carl Spackler
Lot of ifs there t, and that's the problem. Tons of examples of stock buy back programs not working. Delta under Leo was one example.
If there was any correlation with stock buy back programs and an advancing stock price, you could make a killing. There's not. In fact, Delta stock is now behaving like a lot of stock performance after the program is announced. Straight down.
If anything, the best play on a stock after buy back announcements is an optioned short position. In my opinion of course.
Carl
The only time I ever shorted a stock, (I made money on it) I was on pins and needles the whole time I held it. I HATE that strategy. Too uncertain for me and the downside is awful to contemplate. Another story though.
I think in the rest of this you are proving my point that the executives are not doing this to enrich themselves like some on here seem to think.