RAC 2.01% $1.78 race oncology ltd

RAC - Charts & Price Action, page-11515

  1. 90 Posts.
    lightbulb Created with Sketch. 83
    Interesting to read some peoples averages and expectations. I must admit, the price action has me nervous. I've been purchasing from $3.85, averaging down and had full SPP allocation.

    I hold 22,000 shares and I'm down, on paper today $20,000+ which is a lot to me. Despite the sector wide fall, macro economic influences, the DD I've compete made this feel like a not certain but safe bet. I really see the potential value in RACE but the price movements make me think, was I rosy eyed? Are my expectations unrealistic?

    I hoped for a buyout at $30 which I thought was reasonable, where do you draw the line for shareholders like me with averages over $3 that are already deep in the red that can't average down and even if they did, seemingly are just going to see the value drop to what some expect $1.5?

    I trust management and the drug, but is that enough?
 
watchlist Created with Sketch. Add RAC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.