directors buy more, page-19

Whilst directors buying appears positive remember two things 1. directors can be wrong - think of all those geniuses who didnt see the years of easy $$ as a danger and were victims of their own marginied stock being loaned out to shorters. and 2. there are always occaisions of fraud. a director may buy 500,000 shares but a friend or a company in which the director may have some informal stake in may bee selling more. That way the director sells more than he buys but generates interest as everyone thinks hes buying.

I dont think there is any fraud here and i am not suggesting it. Prima facie it appears the directors have a positive outlook by buying but thats no guarantee. All i am saying is that these posts can argue the significance of director buying and some views will be more cynical or paranoid than others but only time will tell.

Obviously there are delays in Malaysian payments. From foresights research comments last week there was no allocaiton in the malay budget. apparently this has been rectified due to work done by the chairman. the next budget is due later this month. Then we will see.

If anyone has not seen the foresight comment i can post - just let me know.

Im a comfortable holder.

cheers