look to director buys\sell with nxs

Directors seem to be able to time their buy\selling of shares in this company well- is it too well???...

11-06-2009 NXS Michael Arnett 250,000 0.375 AUD93,750 BUY Director Activity Chart
04-06-2009 NXS Neil Ferguson 100,000 0.300 AUD30,000 BUY Director Activity Chart

* Note that Michael states he purchased 250K shares and after purchase holds 250K shares. Yet he owns at least 250K more. Neil tops up his shares by approx 30%.

As money is relative to the person buying I take note of any accumulations over 20% of their portfolio on small caps. Plus note their salaries.

They seem BULLISH on their company in the 30s...

17-10-2008 NXS Neil Ferguson 37,500 0.400 AUD15,000 BUY Director Activity Chart
13-10-2008 NXS Michael Fowler 147,058 0.340 AUD50,000 BUY Director Activity Chart
09-10-2008 NXS Michael Fowler 82,500 0.615 AUD50,738 BUY Director Activity Chart

20-08-2007 NXS Ian Tchacos 100,000 1.510 AUD151,000 SELL Director Activity Chart
20-08-2007 NXS Ian Tchacos 50,000 1.510 AUD75,500 SELL Director Activity Chart
22-05-2007 NXS Neil Ferguson 100,000 1.170 AUD117,000 BUY Director Activity Chart

Although not timed to perfection their hit rate is far better than the average punter... Although naturally it can be claimed by them that they needed to sell to pay for their living costs, etc.

The buys\sells are nominal in relation to salaries, as a whole. I note the last 2 buys near 5 months ago.