Yes, total number of shares shorted as of 16 Dec.
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Company would need to announce their intention to buy back and any relevant rules they decided on (like first day of buyback, buyback period and maximum daily volume like e.g. not more than 20% of trading volume every day or similar).
Company would then announce every morning after buying back shares how many they did buy back the day before.
Whether earnings ratio per share increases with the buyback depends on whether the company decides to cancel the shares (in this case obviously proportional earning for the remaining shares increases) or whether they keep them in reserve (companies decision). If they keep them in reserve, it obviously depends on what they ultimately do with the shares they bought back ....
Looks like sharesies is helping things along buying in aggressively this morning. Have decided to hold back and not sell a small portion I had on the market 2 days ago. I notice it is up $1.26 from the yearly low of $10.46c....45hours ago:t_up:
You hell bent on averaging down eh
Do the maths
Say you going to buy 50% more shares at a lower price than $15
At $12 average would be $14.00
At $11 average would be $13.67
At $10 say average would be $13.33
Not that much different - just buy now - or maybe you should have done as suggested the other day - buy some then ($10 something) and more a bit later on at more or less.
Good luck
Will be interesting to see what percentage insto's now hold of a2 maybe 90% at a guess be a great battle amongst themselves for the balance...
If I'd done as suggested the other day I would have followed several others on this forum and sold the lot. Fortunately I didn't listen to that advice or follow others, and didn't sell a thing.
Yes I am hell bent on averaging down, but dont want to add to losses either. I want to see a few days of positive momentum and will then weigh up advice as to what professional traders think the price movement will be. Doesn't worry me if I have to pay more.