I lost 1.5 BMWs on paper yesterday but I'm not phased as this is an inevitable part of the process.
I am not convinced that the right way to describe the Australian Biotech industry as being misunderstood is correct. It just seems to me that manipulation of a stock has an ability to create a selling herd mentality that sees drops like we saw yesterday.
A lot of people have made a big fat profit on RAC and so it makes sense that a portion of them will sell at the first sign of weakness in the price.
I'm not selling a single share right now and my average buy was around 0.21 although I did buy another $100k worth at $4.10 as well
RAC - Charts & Price Action, page-5054
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Last
$1.88 |
Change
0.025(1.35%) |
Mkt cap ! $319.4M | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.89 | $1.85 | $74.38K | 39.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18943 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 199 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |