Aug. 28 at 5:13 PM
$RMSG Buyback announcement was a net positive IMO here. Remember, CEO Ma and other institutions already own heavily here so this is a big vote of confidence. However, it wasn't enough to flip the algos or bring in big volume to do so. I still think what this really needs is an announcement on M & A efforts or new business. Hopefully, the buyback is a sign that they are confident in their ability to execute in this regard but until then we wait.
