Australia's largest stock trading and investment forum Australia's #1 stock forum

RAC

Click for more information

0.58%

$1.74 race oncology ltd

RAC - Charts & Price Action, page-19470

First 19470 Last

Share
Profile

Follow
HeyLine

2,579 Posts.

622

19/02/24

18:41

Post #: 72488771
Share

Originally posted by Davisite: ↑

The efficient market hypothesis really doesn't work well with speculative biotechs as there are very few market participants with the expertise and capital to exploit market mis-pricings. I have met very few scientists with enough spare money to even invest in an index fund, let alone a speculative small cap biotech. Most scientists are struggling to feed their families - 10 years ago I was exactly in this position as an academic with a mortgage, a wife and three kids, and no significant savings outside of my super. I was not looking for mis-priced biotechs to invest in as I had nothing to invest.

Without enough "smart" money buying and selling then biotechs can, and very often do, get detached from the fundamentals. In the short term price is driven by things like investor sentiment and charts, but in the long term it is the fundamentals that matter. If you are a fundamentals investor then there are lots of good opportunities around in biotech that make the research effort of finding them worthwhile.

Expand

Where are the fundamental investors looking at loading up? We need new ones

RAC Price at posting: 76.0¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

There are more pages in this discussion • 2,270 more messages in this thread...

First 19470 Last

Add RAC (ASX) to my watchlist

(20min delay)
Last $1.74		Change 0.010(0.58%)		Mkt cap ! $295.5M

Open	High	Low	Value	Volume
$1.76	$1.77	$1.60	$400.7K	236.4K

Buyers (Bids)

No.	Vol.	Price($)
1	550	$1.67

Sellers (Offers)

Price($)	Vol.	No.
$1.75	400	1

View Market Depth

No.	Vol.	Price($)
1	550	1.670
1	1000	1.660
1	8000	1.650
1	3000	1.640
1	2450	1.630

Price($)	Vol.	No.
1.750	400	1
1.755	990	1
1.770	3500	1
1.820	1030	2
1.835	12000	1

Last trade - 16.10pm 23/07/2024 (20 minute delay)

RAC (ASX) Chart

SPONSORED BY