I bought a stock several months ago where the price went down to about the point where it was half of what I paid for it. It has since made a parabola and is now back a couple of cents of where I bought it at. The company has made an offer to buy that stock back for a price three cents higher than it is now. I am guessing I should probably hang on to that stock. Any thoughts?
The rules here state to disclose positions and then no penny stock discussion. With that in mind, I'm just looking for a general guideline on buyback of this sort. My thought is, if they are offering to buy this back now for this price, they are probably anticipating on further price increases. Am I far off the mark here?
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