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adam40k

342 Posts.

94

03/06/23

09:55

Post #: 68111880
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Originally posted by michelle68: ↑

Better macro economic news for the world overnight. The Dow Jones index was up 700 points (2%) in the best daily performance in over six months after the combination of the debt ceiling result and encouraging jobs data boosted sentiment. The Nasdaq was up over 1%, the XBI biotech index up over 1.5% and the NBI biotech index up 1.75%.

The biotech sector performance, and larger world market conditions, which Race has very closely mirrored has been, in my opinion, the main reason for our share price decline lately, NOT a lack of the strength of fundamentals. My positive outlook with respect to RAC remains firmly in place and I’m hoping for a much better June for all of my stocks, most of which have been absolutely battered in a similar fashion - and for RAC with expected news to come and hopefully an improving outlook on the economy. The last few weeks have been absolutely bargain buying and I believe anyone that has done so will be very happy with their decision in the future.

Here’s to a good Monday!!

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I agree with everything you said.

RAC Price at posting: $1.43 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last $1.53		Change -0.060(3.79%)		Mkt cap ! $259.9M

Open	High	Low	Value	Volume
$1.54	$1.56	$1.53	$130.2K	84.73K

Buyers (Bids)

No.	Vol.	Price($)
1	4993	$1.53

Sellers (Offers)

Price($)	Vol.	No.
$1.58	10451	1

View Market Depth

No.	Vol.	Price($)
1	4993	1.525
1	12381	1.520
3	9872	1.510
3	11327	1.505
9	14363	1.500

Price($)	Vol.	No.
1.580	10451	1
1.595	6000	1
1.600	23239	1
1.630	6183	1
1.650	17029	2

Last trade - 16.10pm 18/10/2024 (20 minute delay)

RAC (ASX) Chart