sevted 2833 April 30 2013
Welcome to the board. For new investors, this is what they are doing right.
http://www.dsny.com/node/1311
http://dsny.com/node/1341
http://dsny.com/node/1349
http://www.dsny.com/node/1311
http://dsny.com/node/1341
http://dsny.com/node/1349
commoncentsinvestor 2842
"Not gonna happen - they have to finish the re-purchase at $1 or under before any big announcement will be made."
Another one of your statements that has no basis in fact or logic. It is actually contrary to the facts of what has happened regarding repurchases so far.
It is obvious that they announced the repurchase primarily to stem the price drop from $1 to .60. They have shown very little interest in actually buying shares, especially with a cost of over .65.
As of the last earnings report Destiny had repurchased 157,000 at an average of .64.
The repurchase announcement accomplished its purpose. They certainly are not going to hold up on making big deals or big announcements in order to buy shares they don't seem to want to buy.
Another one of your statements that has no basis in fact or logic. It is actually contrary to the facts of what has happened regarding repurchases so far.
It is obvious that they announced the repurchase primarily to stem the price drop from $1 to .60. They have shown very little interest in actually buying shares, especially with a cost of over .65.
As of the last earnings report Destiny had repurchased 157,000 at an average of .64.
The repurchase announcement accomplished its purpose. They certainly are not going to hold up on making big deals or big announcements in order to buy shares they don't seem to want to buy.
Commoncentsinvstor 2846 April 30 2013
"How can you possibly back up the last sentence in your statement?"
By watching level II action on DSNY it was easy to tell when Destiny was making bids for shares. They were using UBSS and usually the bids were for 100,000 shares or more. Bids like that are generally not made when someone is actually interested in purchasing shares, but to encourage smaller buyers to put higher bids in thus supporting the price.
So from day one of the repurchase announcement, it was evident that the main purpose was just to support the price rather than to accumulate shares. Since the price went over.70 there has rarely been an obvious bid from Destiny for any shares.
You really need to get over the problem you have with self esteem. When someone challenges what you say you needn't always take it as an attack on you personally. It is not. In fact it is your responses to people who question what you say that are more of a personal attacking nature. When you post something that I believe is wrong and unfounded I will challenge it. You have a perfect right to disagree with what I present, but try to deal with that rather than say I am demeaning & insulting and that I think I know everything.
By watching level II action on DSNY it was easy to tell when Destiny was making bids for shares. They were using UBSS and usually the bids were for 100,000 shares or more. Bids like that are generally not made when someone is actually interested in purchasing shares, but to encourage smaller buyers to put higher bids in thus supporting the price.
So from day one of the repurchase announcement, it was evident that the main purpose was just to support the price rather than to accumulate shares. Since the price went over.70 there has rarely been an obvious bid from Destiny for any shares.
You really need to get over the problem you have with self esteem. When someone challenges what you say you needn't always take it as an attack on you personally. It is not. In fact it is your responses to people who question what you say that are more of a personal attacking nature. When you post something that I believe is wrong and unfounded I will challenge it. You have a perfect right to disagree with what I present, but try to deal with that rather than say I am demeaning & insulting and that I think I know everything.