Buyback is useless
$Alibaba (BABA.US)$ if baba is really doing share buyback, why is this shit still red? Im waiting at 90usd to enter first batch.
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104174101 : Garbage
103906959 : market will determine value or no value.
company buy back is useless when the stock is viewed by market as no value, especially when it's forced by government to buy back.
if company keep buying, market keep selling, the company accumulated so much more stock, will it sell at high price to make money?
if there's large amount of selling by company, will that not also bring prices down?
company buy back on a downward stock makes no sense.