Large Thai stock insider buying of late.
As the year 2015 is coming to an end we have noticed and so reported to contributing members some rather large insider-buying on a number of companies I follow -and like. Its pretty obvious to me that more then a few directors and other significant insiders seem to think as I do that Thai stock selling is overdone... some companies's stock price are now at levels which go begging. Insider buying/selling is perfectly legal as long as its reported in a timely fashion as required to the Thai SEC. It also looks increasingly clearer of late that the Thai economy has bottomed and is ready to gradually recover into next year. Hence I refuse to turn bearish and instead think the SET market is establishing/bouncing on a significant bottom at current levels of 1260 and patient investors will be rewarded.Paul A. Renaud. www.thaistocks.com