Directors buying shares is strong signal which is a possible reason why they have been made as the price comes under pressure. We simply don't know yet but PP is making the error of assuming it is a buy signal. he's panicking which is why he is attempting to reinforce the positive. Don't blame him - he's alot to lose.
It remains to be seen if the has pulled it off.
In my opinion it is open to a bear raid but it is only an opinion. Panicking is determined by emotional fear. PP is afraid and make no mistake. he;s not on his own either. ich !!!