RAC 0.81% $1.22 race oncology ltd

Genuinely...Who cares about charts in biotech, one ann. and the...

  1. 1,917 Posts.
    lightbulb Created with Sketch. 390
    Genuinely...

    Who cares about charts in biotech, one ann. and the SP can move 100% either way....Certainly not investors but understand if traders do.

    Investing in Biotech is all about your own risk reward appetite...You look at where the company is, what milestones there are, cash balance, company management capabilities which is amazing here...and you invest and hope for the best outcomes...Its a long term play...

    At .77c I thought the opportunity was too good too miss out so I invested....Even at that time, same posters were giving their own versions of highs and lows...

    One thing consistent among them is that everyone's prediction was wrong...

    SP can go up and down, at the end if you are looking for a 10-20x return, the only way is to hold and de risk at right time...not for pips...

    No one should be investing in biotechs for pips as the risk is just too big...for that amount of risk, you need 5-10x min return...
    Last edited by singhgu: 18/03/24
 
watchlist Created with Sketch. Add RAC (ASX) to my watchlist
(20min delay)
Last
$1.22
Change
-0.010(0.81%)
Mkt cap ! $202.7M
Open High Low Value Volume
$1.26 $1.26 $1.14 $381.6K 320.3K

Buyers (Bids)

No. Vol. Price($)
1 7000 $1.17
 

Sellers (Offers)

Price($) Vol. No.
$1.22 2171 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$1.17
  Change
-0.010 ( 5.54 %)
Open High Low Volume
$1.23 $1.23 $1.14 48407
Last updated 15.52pm 03/05/2024 ?
RAC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.