It's called FOMO (fear of missing out)
Everyone knows that holds or should know this is a multi billion dollar company.
I personally don't care about any other stock I only care about RAC !!
and I have known about other stocks that most probably will go up in the shorterm and they have. (And did not even consider selling a single RAC shares)
The thing is at any time RAC can take off and take off hard it has before and it will again. (I am positive about that)
I have great fears of what can possibly come specially if a certain person wins the US election but due to FOMO I still won't sell a single share specially now after long thoughts.
Even in the event of market crash we still have money for phase 2 trials and although we might not get true value we will still get such a large payout as pharma has money.
So I think people have FOMO that's why they do not sell
RAC - Charts & Price Action, page-22112
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Last
$1.68 |
Change
0.020(1.20%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.68 | $1.61 | $177.8K | 108.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 4999 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |