RAC 0.56% $1.79 race oncology ltd

RAC - Charts & Price Action, page-16539

  1. 457 Posts.
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    Unfortunately the broker data from the last two years has always suggested that 85% of our sell table is small retail. A few people adding constant pressure when there's a lack of buyers will ultimately drive down the price as algorythms struggle to find suitable volume to offload. Algo selling works - but it puts a handbrake on momentum by design (auto selling when a % increase is achieved, thus slowing growth.)

    It's easy to shrug at this, but RAC has a buyer problem AND a seller problem. Retail are absolutely the issue.

    I would suggest seeing what a pause in your algo selling does for a week. I strongly suspect it will be better for your balance as the SP stabilises and is allowed to rise. The growth would likely outstrip your algo's set rate and you'd get a better return.

    IMO not advice.
 
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