Originally Posted by
Airsupport
anytime a company buys back stock its value goes up. the reason being is supply and demand. less common stock available, demand goes up, price goes up.
jeez, where do you guys get this stuff? that's 2 of you that keep saying that on these boards. if it was that simple, the stock market would be a much different place. believe me, there are no analysts out there that base a recommendation SOLELY on what a company is doing vis a vis buying back its own stock. and i absolutely guarantee you that market makers DO NOT change their price based SOLELY on the same thing. guaranteed. if you don't know what a market maker is, then look it up. i'd suggest anyone that doesn't have a series 7 at the very least, and better yet, a series 55, stop making these ridiculous pronouncements about what makes "stocks go up". good lord.