Perhaps you could give your father-in-law the $50,000 to day...

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KingBuzzo

350 Posts.

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14/06/24

17:13

Post #: 74322223
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Originally posted by Hunterr: ↑

Yes that is correct what you are saying, but a lot of people are in the red despite being up 300% this year,
and you don't know what they have done this financial year to offset their losses
that all I'm saying but yes I do see it also at times as an excuse.
regardless, whatever, the short term price action does,the long-term looks the best it could ever look for a stock.
I'm at a position now where my money should be coming in today as the house has settled and I wanted to purchase around $60,000 worth of RAC shares.
The problem I do have my father-in-law as he is retired early and is a day trader and does not have the pension as yet is short of cash, ( day trader) and he did ask me for a $50,000 loan so he can renovate his investment so he can sell it he doesn't need this for 2 months And then we'll give it back to me once the house sells. I have thought about purchasing $60,000 extra shares next week but I don't have it in me to sell when he need the money in 2 months although I do believe we will be higher than current price and I can make some ontop.
Nothing is guaranteed obviously, but with the toxicity report coming in, I think it starts to make RAC a little bit more real than it is now.
Decisions decisions decisions
Sorry guys, that's two minutes of your life you're not going to get back but this is what my head is going through at the moment

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Perhaps you could give your father-in-law the $50,000 to day trade with and he could turn it into $10,000 for you.

RAC Price at posting: $1.79 Sentiment: Buy Disclosure: Held
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Last $1.79		Change -0.025(1.38%)		Mkt cap ! $304.8M

Open	High	Low	Value	Volume
$1.83	$1.84	$1.78	$234.0K	129.8K

Buyers (Bids)

No.	Vol.	Price($)
2	6470	$1.79

Sellers (Offers)

Price($)	Vol.	No.
$1.80	6	1

View Market Depth

No.	Vol.	Price($)
2	6470	1.790
1	1450	1.785
1	1685	1.780
1	3914	1.775
1	1392	1.770

Price($)	Vol.	No.
1.800	6	1
1.805	1900	2
1.810	4450	2
1.820	4767	2
1.830	2500	1

Last trade - 14.06pm 27/06/2024 (20 minute delay)

RAC (ASX) Chart

Perhaps you could give your father-in-law the $50,000 to day...

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Perhaps you could give your father-in-law the $50,000 to day...

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

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