Jako,you truly are are wealth of intelligent and perceptive...

Jako,you truly are are wealth of intelligent and perceptive information ,all credit to you your crankers are always precise and informative.

Having been involved with a few companies over the years my experience was that when you knew the company was stuffed you were too petrified to sell because you thought you'd get a complete bucketload ,particularly from the authorities , once things turned pear shaped. You were more inclined to buy just to hold the thing up

Conversely you never sold when things were looking good often because you were just as deluded as the know nots piling in ,suckered into thinking the stock was going to the moon when in fact it was just a good market or you were in the right sector .

People who read something into directors buying/selling is one of the great fallacies of the market .Sure there are directors who sell before the stock goes down but more often than not it's coincidental .On the other hand the list of directors loading up on stock that ends up a lot less than they paid for it is longer than my mother in laws memory.

If you want to be a director of a public company these days and you look at the clauses and conditions ,and the legal ramifications ,you realise that you're trussed up ,if you hold a lot of stock you're far better off being an investor without the hassles