QUOTE(Boon3 @ Oct 11 2022, 09:09 AM)
Also not surprising....
https://www.theedgemarkets.com/article/top-...ares-glovemakerGott be careful reading news clip 'as it is'.... cos it appears that the boss is extremely positive on the company despite the slump.
And if one digs further, he had been busy buying a lot since Dec 2020.
QUOTE(Boon3 @ Aug 17 2022, 03:06 PM)
wakeup! something interesting for u.....


That's the boss buying of shares... since Dec 2020
Circle marks the spot on the chart below.....

Barring any mistakes from me... that's about 105,417,700 shares bought. (some ESOS were exercised. I left those out)
Total cost spend on buying shares 360,831,950.33
Average cost ~ 3.422
Marked to market value as this morning opening price of 0.835, these shares are only worth 88,023,779.50
only some 272,808.170.83 went to share heaven.....
Learning from other people's mistakes is the way, yes?
1. Such buying does not work. That is AVERAGE DOWN or the fancy pansy name such as DCA or TOP UP or COLLECTION does not work!
2. Even the big boss can make mistake. So if big boss buy, it doesn't mean one should die die follow...... (in this case, unfortunately, the follower followed die, die....)
And the updated score card...
Since Dec 2020, he has bought 127,617,700 shares.
Total amount paid: 375,002,264.33
Average cost is now 2.9384
Current share price? 0.625
Some 295 million went to share heaven...................
Yup, clearly average down or the fancy pansy industry name 'DCA' does not work.