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Message: buyback rules
1
Oct 18, 2011 12:08PM

I can't document this, but my understanding is that buybacks need to follow the following rules:

  • no more than 15% (or is it 20% or 25%) of the daily volume
  • buys must be at the bid (ie bid support, can't hit the ask)
  • no buys during first or last 30 minutes of trading

I look forward to the buyback since the share price didn't have legs to sustain it's last run. Maybe this time it will maintain a more bullish trading pattern.

2
Oct 18, 2011 01:08PM
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Oct 18, 2011 01:29PM

Oct 18, 2011 01:43PM

Oct 19, 2011 12:59PM
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Oct 19, 2011 01:29PM
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Oct 19, 2011 06:17PM
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