To be with new born. The shorts are free to romp the buy back was announced but will not be done unless it fits their long term plans. IMHO these guys were nuts to say this. I guess the shorts get to play chicken with SIVB's checkbook. The analyst were going balistic in disbelief that they weren't buying at these levels. Many were shocked that they didn't complete it already. They advised SIVB buying back well into the 30s as acretive. When SIVB will be buying back is anybody's guess. Money is rolling in, loan margins are growing. Loan security is cash untouchable by others even in bankrupcy. Their CC call quailty sucked. $2 mil paid out by error was the only thing shakey. They expect to recover it. According to conference call.