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Canadian Blue-chip Industrial Forum
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WHO'S BUYING AND SELLING
INVESTING Director buying at Absolute Software As Absolute Software Corp. (Friday's close $6.03) tested its 52week low during the week, technical indications put the stock in oversold territory. On Tuesday, the stock closed below the lower bound of its Bollinger band while its RSI dropped below 30. Reinforcing the oversold signal was a director who bought on the 5th and again on the 8th acquiring 55,400 common shares at an average price of $5.97. While there has been some selling over the past 90 days, insiders, including the chairman and chief financial officer, have been net acquirers. Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities. |
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