If it was so obvious large quantities of the stock would’ve been purchased even if the price was depressed. Were there any notable investors purchasing large quantities in expectation of this?
Predicting it only took very simple and reasonable logic. "I bet the number stays the same."
A sports analogy: There's a game tomorrow where one team has 30% odds of winning. If someone bets on that team, nobody says "no one could have predicted that". It's obvious that it could happen, and it's plausible that it could happen. Tons of people predicted it.
And large quantities of the stock were purchased. There's tons of trading happening every day.
It's not like the people that expected a large buyback were acting in a vacuum. Stock value follows the average. To push the sports analogy, the team stock would still be going down even though many people are betting on them.
But it was obviously a plausible outcome.
Predicting it only took very simple and reasonable logic. "I bet the number stays the same."
A sports analogy: There's a game tomorrow where one team has 30% odds of winning. If someone bets on that team, nobody says "no one could have predicted that". It's obvious that it could happen, and it's plausible that it could happen. Tons of people predicted it.
And large quantities of the stock were purchased. There's tons of trading happening every day.
It's not like the people that expected a large buyback were acting in a vacuum. Stock value follows the average. To push the sports analogy, the team stock would still be going down even though many people are betting on them.