Directors' 株 取引，協定ing

By THIS IS MONEY
Updated: 10:49 BST, 16 April 2008

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The Daily Mail's City desk explains the importance of directors' 取引，協定ing in 株

What are they?

What the 指名する 示唆するs - where directors buy and sell 在庫／株. Some people believe you can base a 在庫／株 選ぶing 戦略 on these 取引，協定s.

How?

Company directors are the ultimate insiders. Unlike 分析家s and professional 投資家s they don't have to guess at how a company is 成し遂げるing, they know.

Isn't that 違法な?

貿易（する）ing on price 極度の慎重さを要する （警察などへの）密告，告訴（状）-certainly is.

This is why 管理／経営 is 閉めだした from buying and selling 株 ahead of results, 貿易（する）ing 声明s and 重要な 取引，協定s.

Are they shrewd 投資家s?

Yes and no. There are a few 支配するs of thumb if you follow boardroom 株 取引，協定s. First, 在庫／株 sales are little or no help to 裁判官ing the health of a company.

Directors sell for many different 推論する／理由s - to 支払う／賃金 for an 拡張 or a 高くつく／犠牲の大きい 離婚 - but rarely because the 会社／堅い is going to hell in a handbasket.

What else?

Buying is a bit more straightforward. Copying the 投資 activities of main movers in the boardroom - the chairman, 長，指導者 (n)役員／(a)執行力のある and 財政／金融 director - would have been a lucrative past-time, 配達するing a 400% return over the past five years.

That said, in 最近の months you would have lost a lot of cash に引き続いて this 戦略 as the markets 悪化するd.