i agree with your trading range125-135 .....sat on the side lines at the moment, just holding back till america sort them selfs out, if they don`t we could drop very quickly IMO...... here`s hoping we see afren closer to £2 in 2013
I agree directors will sell like the rest of us ( & they have to avoid the close season).However I doubt he is short of a bob or 2.Simply implied that if great news was just around the corner I reckon he would have held off .I expect Afren to trade in a tight range(125-135) in absence of news.I intend to top up at the lower level as I believe AFR undervalued on fundamentals.
seems like a simple selling of share options, which after a number of years he`s allowed to buy at the price they were then which was 20p and has sold them for 128p nice profit, seems like another director did the same not so long back not sure if this is their total holdings for share options
Why when Directors sell does everyone think there's a reason other than the fact that they might need the money for something? No doubt he's made a very nice profit from his share option scheme so there's no need to keep holding on to them, especially in thus current environment.
Directors can sell as we'll as buy shares you know!
Not to have a go at you guys, as of course i would love to have the sp go higher - who wouldn't. But I think this share has performed well over what ha been a difficult year for shares, especially one so correlated to world growth as this one. You have to sell on peaks, and buy back in lower, in my opinion other strategies are simply laziness. The continuous volatility between 130-140s is a god send. Also Jolly is right, always have a quarter of your share holding in a short, then if it goes down at least you can gain some market share, if it goes up all the better.
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