The company has approved to buy back 10% of issued shares, or about 47 million shares during 2006 ending 30 Sept.

The count had a good close on Friday, 1.080, although intra-day low is 1.050. It should have a mini rally on the following monday because of the share buy back news, but the Dow’s performance on Friday will probably have a negative impact on that. Will be a bit more greedy to wait for higher value before i cash out as scheduled.

Looking at 1.150 – 1.200 in short term.

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This entry was posted on Monday, January 23rd, 2006 at 12:36 am and is filed under Investment Views. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.