Well Mr 5k - 10k is a big seller. He was totally mute today until the last hour when he became active and caused the slide. I first noticed him at $1.44 when he started selling.
How are they selling ? Obviously when someone posted the broker data a few weeks back there was 2 full service brokers that sold about 4 -6 million, so that's Mr 5k - 10k.
Why are they selling ? I don't know, but it doesn't matter to me.
Who are they ? I don't know, but it doesn't matter to me.
On a side note it's been posted that the MOF's cannot exceed a certain percentage of their portfolio in $ amount in 1 company. If that's true and I have no idea if it is or not, then they would need to be constantly selling as the price of RAC goes up if their other stocks are not performing as well as RAC.
It's the same as an individual investor Mr Joe Blow who has 2 stocks, with 25k in each and they were both at $1 when he bought.
1 of them has gone backwards and is now at 50 cents , 12.5 k
The other one is RAC , now at $4 , 100k
Do you sell some RAC to get your portfolio back in balance ? Well I wouldn't , but some would.
Do you sell some RAC to free carry ? Well I wouldn't , but some would.
Do you sell some RAC to stick to some percentage reduction theories ? Well I wouldn't , but some would.
Do you sell off that stock that is 12.5k down and top up your RAC holdings a little and bank the rest of the cash ? That's what I would do.
Do you sell off that stock that is 12.5k down and go all in on RAC ? Some might.
- Forums
- ASX - By Stock
- RAC
- RAC - Charts & Price Action
RAC - Charts & Price Action, page-4269
-
- There are more pages in this discussion • 18,487 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
$1.53 |
Change
-0.060(3.79%) |
Mkt cap ! $259.9M |
Open | High | Low | Value | Volume |
$1.54 | $1.56 | $1.53 | $130.2K | 84.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4993 | $1.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.58 | 10451 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4993 | 1.525 |
1 | 12381 | 1.520 |
3 | 9872 | 1.510 |
3 | 11327 | 1.505 |
9 | 14363 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.580 | 10451 | 1 |
1.595 | 6000 | 1 |
1.600 | 23239 | 1 |
1.630 | 6183 | 1 |
1.650 | 17029 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |