I disagree that selling pressure will ease next week. Many retail investors will interpret this as the director is not confident in short to medium term news, otherwise he would maximise his shareholding in order to maximise the return on whatever the good news might be… which is exactly what they would do.
Therefore those same retail investors will look to exit and ensure there is plenty of supply stoking the sell side.
I do agree with you however that there are myriad reasons for a director not to maximise their holding and sell a few for cash in hand. Sometimes those reasons brig nothing to do with company prospects and everything to do with needing some funds.
4DS Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
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