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johndprent

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23/04/24

07:07

Post #: 73466909
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Originally posted by RitzyBusiness: ↑

Nice update @Mason14! Maybe we should call you Mason100k now.

My take away - the Smartest of smart money keep buying at these levels and reaching their RAC holding high points. I don’t really care what the rest of the market is doing or if the sp is taking a short term dip. The question for the rest of us (not so smart money) is: what are we doing at these levels?

I too had an expected top up this afternoon, because I put in a low ball bid at $1.28 that was unexpectedly hit … but I am happy to take it! Like Mason, I too am sitting on my largest all time holding of RAC. Contrary to what some HC posters are commenting about my trading … I have been a net buyer of RAC in recent weeks and months.

And this is before adding my bonus options shares, which I have already converted without selling a single RAC share, but I did sell other biotechs and ASX shares to fund the bonus options.

I look forward to the day we stop called 100k “Lambo club”, but instead call it “Median house price in Sydney club”.

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Longs seen to turn cannibalistic at the mere suggestion of trading, forgetting that in many instances, those trading are doing so in an attempt to increase exposure.

Also, trading churn expedites the departure of former NEDs from the register...

RAC Price at posting: $1.28 Sentiment: Buy Disclosure: Held
20 Upvote

1 Great analysis

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