What are you shorts going to do if the buy back was to prevent a takeover.
Buying stock back is often to prevent a takeover. it can also be used to aquire a company. What if they take out a wireless internet card company. They have the contract with China Mobile. The ceo is pushing wireless internet heavy and subsidizing it. The contract is as large as all the us carriers put together. What are you going to do? Some of the half as* firms do not have the funds if you cannot cover. What then? You should have done your work and found out it's been in play for a while.