One of the most important things I have learnt in the market is how poor the market is at looking forward and how much it gets attached to the past. One of the investment opportunities I look for are companies where there has been a change in management and performance, but the market does not react to the change.
A good recent example of this in action was GCY (now SPR) where the management changed and the new management found a massive high grade gold deposit right next to their mill. The market just sat there for a few months with the SP stuck at sub-10c allowing me to accumulate a sizeable position. Eventually the market woke up and the SP is now near 50c. If the market was forward looking this should not have been possible.
- Forums
- ASX - By Stock
- RAC - Charts & Price Action
One of the most important things I have learnt in the market is...
-
- There are more pages in this discussion • 3,153 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.70 |
Change
0.000(0.00%) |
Mkt cap ! $289.7M |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.66 | $85.03K | 50.83K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 21581 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 4979 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 21581 | 1.660 |
1 | 20000 | 1.650 |
2 | 7700 | 1.640 |
1 | 6000 | 1.630 |
2 | 4461 | 1.625 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 4979 | 4 |
1.720 | 1000 | 1 |
1.730 | 4899 | 2 |
1.750 | 2340 | 3 |
1.775 | 1328 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |