Buybacks definitely starting. If they split 30 billion would equate to 7.5 billion a quarter. Which would be about 165 million shares a quarter. So it will take roughly 27 days if acquiring about 6 million shares a day as I believe they just started accumulating to run into earnings on October 13th . I think with the short squeeze we'll be around 45-47 into earnings.
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The stock will hit 40 before it hits 45 -- buyback or not. WTF narrative you have for the current price action is just that.
$30BN just to prop the price up a little while no progress is made on the asset cap.
This is not effective management.
We'll see $30/share before we see $60. Mark it down. No amount of manipulation can overcome a failed executive team, better options, and the impending CRE implosion.
Let’s cheerlead manipulated stock prices a little more.
That would put it back to the price range where it was trading when they announced the buyback - so not an unreasonable call.