RAC 0.65% $1.56 race oncology ltd

Industry news, page-2064

  1. 171 Posts.
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    My good Sir/Madam @djbenton75, there is logic in @Brucekoala's thesis.

    Here is one (perhaps a future case study for you).
    a) I hold both Cu6 and RAC, and through no fault of mine, I am now way overweight on Cu6, despite the fact I have invested a lot more into RAC. Now, to be clear, I won't just sell to equalize weights: it's not why I am here. Each stock to its lane! I follow the science and its just too compelling for me to let go.
    b) BUT, but if Cu6 get bought by a company like Pfizer, I am selling at the price agreed to and moving my proceeds elsewhere, immediately.

    Why will I sell? Because the price that will be offered by BP will become some sort of ceiling for a long time. Even if that sale leads to me getting shares of Pfizer (or someone like them, well, the Pfizer Share Price does not move, so, no point holding on a day longer!
    Ref: Check what happened to the Fusion share price once the offer became public at about $22 (attached). That was the ceiling for Fusion, and even the buyer's share price hardly moved, until recently following separate developments within the company.

    So, there will be money in the hands of many Biotec investors! Success in one, will likely lead to many of us sticking to the area we already know well. The real question I pose is: (Other than Cu6), is there anything better than RAC at the moment? In its absence, then RAC it is!

    The science at RAC is so compelling, that I would bet many of us will redirect our winnings here when we do eventually close positions elsewhere, especially if we can do it without having our fingers burnt (which Cu6 promises to do for us). DT has done great, but I must mention the effort that @Mason14 has put into unravelling what RAC has for us!

    Further, it seems obvious that the RAC Share Price might explode any time and without warning! That alone is another reason why some might even choose to take profits at Cu6, even at $7 a share, and come to RAC. As someone mentioned, the gains you make from $7 to $14, are the same as what you make from $1.50 to $3. I hold both, so I am not calling for that at all, until we are bought out!

    Meanwhile, I keep adding to RAC whenever I can. And I don't mind the drifts back to $1.50 as that helps with averaging down, while also buying me some time to generate those funds that I need to buy.

    RAC will explode! The question is, WHEN?
    My fear is that, it might happen before I am fully in!

    https://hotcopper.com.au/data/attachments/6404/6404582-bb53949c8e21a58f8bf74e33f17fda70.jpghttps://hotcopper.com.au/data/attachments/6404/6404595-6bf5c6f3b03e72e2a76b060f0943c97c.jpg


 
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Last
$1.56
Change
0.010(0.65%)
Mkt cap ! $265.8M
Open High Low Value Volume
$1.55 $1.56 $1.51 $95.69K 62.25K

Buyers (Bids)

No. Vol. Price($)
2 3015 $1.55
 

Sellers (Offers)

Price($) Vol. No.
$1.56 4018 1
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Last trade - 16.10pm 23/08/2024 (20 minute delay) ?
RAC (ASX) Chart
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