RAC

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$1.69 race oncology ltd

RAC - Charts & Price Action, page-10918

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jd3

235 Posts.

164

07/03/22

17:34

Post #: 60039056
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Originally posted by ma420: ↑

People are probably throwing the baby with the bath water, be it as a company, a sector or the whole of the stock markets.

As Charlie Munger would call it, a Lallapalooza effect!

- There is change in interest rates to respond to the inflation which was caused by the money printing to support the economy.

- There is a war not least because the west wants to push the NATO borders but everyone believes the mass media blaming Russia.

- The war has increased fuel prices and commodities which absolutely affects some industries and economies.

- The agri industry probably got a short in the arm because Russian+ Ukraine which supply 30% of wheat meant these countries would probably not be harvesting (Ukraine) or be affected by sanctions (Russia). So Australia was probably going to be a big beneficiary of it however the recent floods on the Oz east coast could have dampened it a bit

- US barely finished their year end tax sell off and the war impacts came in addition to the interest rate revisions so the US market is broadly down. US being down also have similar psychological effect on investors down under

- To round out everything above, there is fear and panic that becomes a self-fulfilling process

I am sure I would have missed a lot of other factors or misinterpreted some factors but this my thinking for now.

If Race was cheap at $3.5 considering its future potential we got a further 30% off as futher margin of safety. The question is, am I brave enough to act and buy when the Mr.Market is offering a value deal or would I be paralysed into action? I have increased my positioning 25% in the last couple of weeks and will do more as the opportunity continues. What will you do Sir/ Madam?

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"- There is a war not least because the west wants to push the NATO borders but everyone believes the mass media blaming Russia."

The media got this right. Ukraine is a sovereign state. If they want to pursue closer ties with the EU or NATO that is their right. To suggest the war is the fault of anyone but Russia is akin to saying she shouldn't have been out walking alone with a short skirt if she wasn't asking for it.

RAC Price at posting: $2.55 Sentiment: Buy Disclosure: Held
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Last $1.69		Change 0.010(0.60%)		Mkt cap ! $287.1M

Open	High	Low	Value	Volume
$1.69	$1.70	$1.65	$89.01K	53.2K

Buyers (Bids)

No.	Vol.	Price($)
1	2342	$1.69

Sellers (Offers)

Price($)	Vol.	No.
$1.70	5	1

View Market Depth

No.	Vol.	Price($)
1	2342	1.685
1	3664	1.680
1	5077	1.660
1	1265	1.650
1	612	1.635

Price($)	Vol.	No.
1.695	5	1
1.700	11000	1
1.730	2399	1
1.750	952	2
1.775	1328	1

Last trade - 16.10pm 13/09/2024 (20 minute delay)

RAC (ASX) Chart

RAC - Charts & Price Action, page-10918

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

RAC - Charts & Price Action, page-10918

Top Stories

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News