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3.79%

$1.53 race oncology ltd

RAC - Charts & Price Action, page-11639

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HeyLine

2,760 Posts.

676

05/05/22

21:55

Post #: 61237508
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Originally posted by redsails: ↑

Hey @HeyLine,

The plan is to wait patiently. As you can see, most of the specie end of the market is red atm, especially the biotechs. There's only one question you can ask of yourself, are you a buyer, seller or holder? Only you can answer the question.

Another way of thinking about it is, if you bought at $4 you must have had faith in the company and what they're doing. Other than the SP, has anything changed? If the answer is no, there's an opportunity to buy more at a 50% discount. Imagine going into a car dealer tomorrow and seeing a car you had researched for 6 months being sold for 50% off, would you buy it?

If you were to buy more now, your average price would come down. The key to the current market is patience, I understand it's hard to watch your investments fall off a cliff, but that's the cyclical nature of the share market, if anyone says they bought at the bottom and sold at the top, they're probably lying.

This is not financial advice, DYOR and make a decision that's best for you.

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I’m tapped out mate. Have zero to put in now but wish I did. Averaged down at the wrong times. This would now be an awesome entry point.

RAC Price at posting: $2.09 Sentiment: Buy Disclosure: Held
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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