These big houses and Merrill especially are not to be believed. When they are buying they will have a sell on a stock and when they are selling they will have a buy on a stock. You can usually tell what is going to drop when they start there cold calling which are usually followed by apologies for the poor performance of there recommendation but promises the next one will be the winner. I have been burnt in the past but not in the future. Eliot Spitzer the AG of New York is my type of Corporate hero.
Going to $7 without the buy back and higher if they really do buy 5MM shares soon. They are right, it's a steal at these prices and the cash they have in the bank so they might as well use it to drive value.