I know a few years ago, maybe still, some "tip sheet" used to charge $500 for a daily list of change in Director's Holdings. The "spiel" went Buy/Sell with Directors and you're doing "the insider".
Well not only is such info published Daily by the ASX for Free, this concept of director trading as a lead is flawed.
You have to firstly have kept track of their Average Cost Price. What their Accumulated Holding Cost is.
This Buy of 1 million shares on Market was at 4.67 cents but Directors TOTAL holdings could well be at a much lower cost.[Holds 2 cent shares,Holds free incentives etc etc]
Director Share Buys can also be PR. Done exactly for the effect on sentiment and confidence we can see on this forum.
BUT weren't bought at 7 cents or at 10 were they?
Anyhow MRF is "indicated" as being "bottomed" and consolidating at this price range 45/55.
Resistance/ Spike Top 7 ish. Awaits some FA "developments" and perhaps a proportion graphene/ graphite
from one step processing.
MRF Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
