For the record - I hope everyone makes money from their trading activities.
I think it is a little naïve to think directors will only buy on a 'sure thing'. In November 2013 Joe Camuglia invested $100k (@ 50c) and Lee Clark invested $1.225M (@ 50c).
These 2 director purchases were at the highest SP MAD has seen since November... How are they working out for them at the moment?
Finally - $200 Oil - there's bullish then that... If oil got to $200, we would be in the midst of a global depression. Markets wouldn't subscribe any fundamental value to stocks - do we all remember the GFC?
I have been a long-time believer in this story but recently cut out as Yeager simply failed to deliver what he promised and the silence is deafening.
FDM Price at posting:
24.0¢ Sentiment: Buy Disclosure: Not Held