I think insider trading is rife, but it's a case of generally small timers.
You never know, but directors can always tell friends, who can tell their cousin who can tell their mother-in-law etc.
I bought a few days ago based on TA, but its clearly evident that others bought because they had the inside knowledge. Why wasnt this annoucement made at 10am? Gave a chance for 400k+ shares to be bought. How many of those were from insider trading? I would say at least half.
But the good thing is once they have sold out, the serious buyers will come in.
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