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Definitely a bullish sign in this environment. Just wondering what the impact with be on the share price. Guess we will find out more information on Monday. I am short the Dec 5 calls @.60 and was expecting to get exercised this month.
Why is YZC announce buy back on Dec 4 and suspend trading on Dec 5 a bullish sign?
Sorry, here is the official release.http://www.hkexnews.hk/listedco/listconews/sehk/20081205/LTN20081205403.pdfFYI. The A.M. of December 5th in China is the P.M. of December 4th in the US. . . common knowledge. . . don't make yourself look foolish again by asking foolish questions in the future. . .
This is why:http://us.ft.com/ftgateway/superpage.ft?news_id=fto120520080103056235Gotta love company that has lots of cash in times of crisis. :D