RAC - Charts & Price Action, page-16542

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Sk1nman

4,783 Posts.

1080

06/07/23

11:09

Post #: 68650616
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Originally posted by PatchKolan: ↑

Unfortunately the broker data from the last two years has always suggested that 85% of our sell table is small retail. A few people adding constant pressure when there's a lack of buyers will ultimately drive down the price as algorythms struggle to find suitable volume to offload. Algo selling works - but it puts a handbrake on momentum by design (auto selling when a % increase is achieved, thus slowing growth.)

It's easy to shrug at this, but RAC has a buyer problem AND a seller problem. Retail are absolutely the issue.

I would suggest seeing what a pause in your algo selling does for a week. I strongly suspect it will be better for your balance as the SP stabilises and is allowed to rise. The growth would likely outstrip your algo's set rate and you'd get a better return.

IMO not advice.

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just want to clarify I’m not a trader and don’t have an algo or bots.I’m just trading a few small parcels on the glaringly obvious volatility.

Im a long term retail holder and have been a “loyal” holder a fair bit longer than some of those who post 10 times a day for the last year and are telling me they think people like me who’s strategy had adapted to the constant SP decline and erosion in value of my core holding are the problem.

I’m not shrugging off your suggestion that retail are the problem and enjoy hearing and considering opposing views.

That being see IMO lack of news and progress is the problem and if we had some positive news no amount of small retail or bot selling could hold the SP back….so again IMO it’s over the Damien and the team to do what they are getting the big bucks for and deliver…something…soon….

RAC Price at posting: $1.31 Sentiment: None Disclosure: Held
26 Upvote

0 Great analysis

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