What I found interesting is this bit from Merch ... "I believe it will just take some corporate activity to get the buyers back in the market" relative to their "near term ..." statement.
Wonder if they mean generically or specifically. If you're worried about RAC, consider their holding of IIQ (always interesting to watch Merch from afar on these sort of holdings) and PNV for that matter ... very competitive market, surely no "corporate activity" for either of those.
Surely the only "corporate activity" that could directly impact their Opportunities Fund in a biotech sense is RAC. (If they are being specific).
In which case the intraday chart is sure looking primed for an upward move. (Thanks sellers)
General Comments / Chat, page-5530
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Last
$1.55 |
Change
-0.005(0.32%) |
Mkt cap ! $260.8M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.56 | $1.53 | $117.3K | 76.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10007 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 3335 | 1 |
View Market Depth
| Last trade - 11.01am 05/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |