I love all the differing research and views posted on the various RAC threads, and the respect shown by readers to those views.
My views:
> I am not nibble enough to pick tops and bottoms.
(You know what they say... the only thing you get when you try to pick a bottom, is a smelly finger! )
> RAC is for holding; not for trading (IMO, due to the very tightly held nature of the share register)
> I don't want to be "out" of this stock because of its recent history of upside surprises:
- Israel trial result (many here were expecting a delay)
- unexpected/ unsolicited cap raise from prominent biotech investors.
- imagine if you at out and there comes an announcement of a partnership approach by big pharma?
Attaching Dr Tillett's recent post on another RAC thread.
RAC - Charts & Price Action, page-121
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Last
$1.70 |
Change
0.090(5.59%) |
Mkt cap ! $289.5M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.76 | $1.59 | $142.7K | 84.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17175 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 6060 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |