RAC - Charts & Price Action, page-11488

100% agreed!

Every decision should be judged on the merit at the point it was made. Yes, Race was a buy at 70c (my first purchase), then $1, $2, $3, $3.5 and then as it came back down around $3.25 and when SPP became available at $3 etc. (I have bought a lot more in the last month or so than all the purchases prior to that). At those specific times the SP was justified or below intrinsic value IMO.

I can’t correctly determine Race’s intrinsic value today or it’s sale price or SP in 2-3 years. I only believe that Race is undervalued today based on the numerous derisking Ann’s and activities. In 2-3 years time if the SP is at $20 or we get acquired at $25, it matters little if we paid $2.5 or $3 today.