I have shared with readers how I have been accumulating DBS stocks while they are trading at a low $13 each. It was reported yesterday that CEO of DBS have bought 200,000 DBS shares at $13.88 per piece and together with other Senior Management, they have bought over 500,000 DBS shares amounting to more than $7 million. I am heartened that the CEO and Senior Management bought over their company’s shares as from what investing literature always tells us, there are many reasons for people selling their own company’s shares but there is only one reason for why people buy their own company’s share and the reason is none other than having the confidence in the future growth of the company.
Meanwhile, after my sharing yesterday, UOB closed below the threshold support line of $17.02 at $16.81. This is a bearish chart pattern and it indicates that ......