Casey -
What I`m saying plain and simple, is that Pohl`s comments imply to me we will continue to see price volatility.
Just like at the SHM, when Swartz commented that there will be some bumps along the way (and we were at what....@ $1.20 +/-)...and sure as such, we`ve been seeing a few to date.
I agree, Patriot by themselves does not have the ability to hold prices down. My regrets if I implied that. However, I do submit that if Pohl comments ``...and we will continue to do so at times when we deem it appropriate and prudent...`` in that light, then I interpret that as he feels there will be future opportunities.
But we can agree that if a MM was directly presented with a large order to fill lets say 250,000 shares for a client, you think they wouldn`t ``work`` hard to do that?
To be fair, my comments were off the cuff. I can assign more (or less) weight to them, once I know how much revenue was actually committed to buybacks. Remember, pohl said at LEAST 10%...IMO, if he just hit the 10% mark, then IMO I look at it as ``we`re not out of the woods yet``, meaning we`ll bounce around at the $1-sub$1 level for a while longer. If he commits more, then that tells me the buybacks were more of a priority because of opportunity.
Yeah, it could just be a catch-all statement he made to just cover his tail. And yeah, maybe I`m reading too much into it and I`m FOS.
But it`s a slow day and I thought I`d throw that out there.
All FWIW, IMHO, worthless ramblings, etc.
Regards