Originally Posted by
Airsupport
And I never said that stock repurchase always makes a stock price go up.
oh really?
Originally Posted by
Airsupport
not sure about any big announcements but i do know why skywest stock price has gone up.
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.
Originally Posted by
Airsupport
You don't have to do this for a living to be good at it. I do quite well, and my portfolio would be proof of that. Sorry if you got all huffed up because 2 people on this message board said that buying stock back causes the price to go up, which actually is spot on with the company we were both referring to. Can you argue that we were wrong by saying that when skywest bought their stock back the price didn't go up?? Glad we could have a decent discussion.
you're 100% right about that. (the part about not having to do it for a living to be good at it. believe me, i worked with many people who DID do it for a living and did horribly. and i have met many people with 6th grade educations who wouldn't know a series 7 from a sand crab who were multi-millionaires due to their ability to understand subtleties in the markets.) and yes, i am happy to have a good discussion too. i am not all huffed up, i just hate misinformation going out there. skywest buying back stock did not CAUSE the stock price to go up. that just isn't true. did they buy back stock? yes. did the price go up? yes. is it 100% flat out simplistic causation? no, it's not. if the street sees the buyback as a good thing by digging a little deeper into the company's position, strategy, etc., then they will value the stock higher. that's all. in that respect, it is very simple.
and again, my point still stands about market makers and "supply and demand". i just hate to think that other people reading what you guys have posted will really think that's how the stock market works. sorry, i just had to set people straight on that.