The delusion around here is hilarious. People happy that the price is dropping so that they can buy more. How happy are those that thought that 2 weeks ago at $1.8?
None of the updates by the end of this quarter are going re-rate this stock. At best you might get a 10-20% bump…from $1.20 or less. This stock is cooked and no one is going to care about DCB new plans that extend the timeline even further. No new buyers. Just the same people holding on to the potential from 3 years ago. RAC isn’t the iceberg, it’s the Titanic. Nothing short of a buyout offer is going to turn the tide of this stock
RAC - Charts & Price Action, page-15797
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Last
$1.65 |
Change
-0.095(5.44%) |
Mkt cap ! $281.0M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.78 | $1.62 | $285.9K | 170.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16759 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 12047 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |