Hi Trommel,
It's curious that you're holding up his investment in MNS as a success given the rather large loss it has netted him thus far on paper.
I always thought averaging down was a bit of a rookie mistake too, especially when a stock is so heavily in a downtrend.
The director buying appears to have been the only reason the stock didn't fall even further than it already has. Perhaps this was part of the strategy but it clearly has not worked!