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RAC

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$1.53 race oncology ltd

Hotcopper is essentially a collection of ultra capitalist...

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21 Posts.

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27/05/21

18:51

Post #: 53468511
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Originally posted by sixpence23: ↑

I've now had the opportunity to read through that thread and boy, some major red flags in how they reacted! I've learnt something from it, and am just grateful that I had the learning opportunity without having my own money on the line. It's honestly a little creepy that they call themselves "imugenies" and have genie memes to go with it, like I've heard the accusation of "cult" around RAC before so seeing it through fresh eyes in a different ticker really drives home the point. It's all fun and games and jokes, but that sort of group think being encouraged can't be good for making clear headed investment decisions. "We're all in it together," except we're not!

There was even a post where someone went on and on about how euphoric it all is.. yikes! Major red flag! Especially since they were mentioning how euphoric the company director has been in recent presentations.

I personally wouldn't touch the company with a 10 foot pole when I consider the shares on issue and the parabolic growth, both are signals that make a ticker toxic imo, same reason I've stayed well clear of other companies. But I do hope that when the inevitable reel back or retrace happens, people aren't burnt too badly. Could be ugly, and no one wants that!

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Hotcopper is essentially a collection of ultra capitalist mini-cults. To single out one over the other would just be more tribalism.

RAC Price at posting: $3.20 Sentiment: Buy Disclosure: Held
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