RAC - Charts & Price Action, page-10880

Actions speak louder than words.

Over the past 3 months, Dr T:

• bought a total of approx $150,000 of RAC shares (as recently as yesterday), on market (plus SPP) at prices as high as $3.34.
• In contrast, his Race base salary is $250,000 p.a.
• In other words, He has spent as much buying RAC shares over just 3 months than his full year after-tax base salary from Race.
• If you think this is an insignificant purchase, then, please say hi to Elon Musk and Jeff Bezos for us, because it seems like this is the crowd you associate with.

Recently, Dr T commented:

• (on other social media) that nothing fundamentally as changed at RAC except for general market conditions impacting the sp, along with other biotechs.
• However the impact on the RAC sp has been relatively less than the broader Biotech market.

My view:

• RAC will go LOWER before it goes higher.

My actions:

• I have been a buyer at these levels.

IMHO:

Don’t lose sight of long-term prospects because of the desire to avoid short-term volatility.

However, in order to take advantage of long term prospects, you also must be able to withstand the short term volatility.

In conclusion, if you need to lighten your RAC load in order to become a much stronger holder for a longer distance, then for some, this maybe a reasonable action to take.