Originally Posted by
dontsurf
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.
Your not understanding your day trading book. Please oh wise stock maven, explain how "market makers" determine their BID and Ask prices for all of us unlearned who only use level one quotes.... And FYI i don’t think he was implying that skyw's stock price fluctuated "SOLELY" on the news of stock buybacks...... But that IS one of many factor’s in determining the stock price.