It's not the 16th lady, it's the 14th. There is no 14 day rule...

It's not the 16th lady, it's the 14th. There is no 14 day rule in this scenario, that is purely a rule ahead of financial results. As Braywatt says, if you have inside information you cannot legally trade no matter how long before and no matter who you are. Thinking about it logically, if a director buys shares and an opportunity arises 2 days later, if there was a 14 day rule, the director would be in breach but they didn't know about it when they bought. A 14 day rule makes no sense. Bottom line is, regardless, it is usually a good sign if a director is buying shares.