You make some solid arguments on the harsh reality of stocks, well summed up.
I would disagree that RACs success chance is 10%, however the market definitely agrees with you. DT might have a smaller buy in average but he was smart enough to research and pick out a diamond in the rough at the right time, that is well deserved. DT might not lose overall capital necessarily but the time and effort he has and is putting into RAC is significantly worth so much more, so I would argue he has plenty to lose in that regard.
None the less I think it’s important many do realise that there are solid risks here, hence our price, and price action.
RAC - Charts & Price Action, page-19233
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Last
$1.45 |
Change
-0.005(0.34%) |
Mkt cap ! $242.5M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.50 | $1.43 | $62.91K | 43.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5700 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 591 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
-0.005 ( 0.23 %) |
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| Open | High | Low | Volume | ||
| $1.44 | $1.49 | $1.43 | 9034 | ||
| Last updated 13.08pm 24/05/2024 ? | |||||
| RAC (ASX) Chart |