CDU 0.00% 23.5¢ cudeco limited

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  1. 1,073 Posts.
    Well another purchase from Wayne, there will of course be those who will state that 'longtermers' will go into a frenzy of excitement over Wayne purchasing a 'few shares'.

    They will be missing the point in my opinion, any purchase from directors in CDU is in my opinion a very clear message to us longtermers.

    Someone once said that of course Directors can't buy if they have information that they know will move the price of shares, and we do not have that information. But we know that they (directors) have all of the information at all times..Wayne clearly has 'knowledge' of what's happening with his company all the time..

    With this in mind and with the classic statement from WM to 'buy when I do' it does tend to give me a pretty positive indicator..I don't think the amount is the issue at all, it's purely the fact that he is buying even a relatively small amount that is of interest to me.

    Cheers to longtermers

    Dossa
 
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