directors have been buying stock

three things:

1) Palermo/Quirk have been aggressively buying stock the last year. exercising options, buying on market (yes he's been buying GLA, but PNO has been where he has built the largest recent position, he's always owned plenty of GLA).

2) 24 jan it will have been three months since the new stock from the rights issue (and shortfall) hit the market. Cunninghams needs to have cleared all the overhang stock by then (I believe they have anyway, no sign of their clearer pattersons in any trade of late). But the date will be a technical trigger for some punters to re enter the stock!!.

3) Remember ANP was looking unloved and trading sloppily like this, before it took off in front of our eyes. Don't be put off by daily low volume price action.

I wish I could put more insight into the fundamentals, besides these market observations, has anyone rung Palermo and asked him how the business is tracking?. I heve tried quizzing the marketing staff, but they completely avoided my questions.


GL