CYT should about have the buy back complete given some of the volumes we have been seeing - of course you have to back out excapnal's accumulations ;).
As for the BA/CYT trend connect; pretty tough to argue against, and I agree, one would certainly expect a closer correlation w/HXL - but let's not lose sight of the S&P connection as well - the whole darn market is in the toilet and the fact that CYT has gone lower than the market bothers me not since it also went higher than the market before the "correction" and will again when the market gets done shedding its skin.
And, yes, that will start with the earnings report, assuming no surprizes, but how far it will go depends on the whole macro picture, just as the current low does.
Wouldn't expect the buyback to happen that quickly. The recently completed buyback took several years. More likely it is a gimmick to try to shore up the falling stock price while the board and other insiders dump their exercised options and year end bonuses. Question is what do they know is in the upcoming report.
Company is a joke! It's amazing how the Board of Directors allow this to continue. Share holder value right into the pockets of the LT. As for communication well there never was and never is any. At least to the ones that are looking for share holder value returns.