Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lolbdlotyktt*
Laugh out loud but don't let on that you know the truth.
If it's iconic it is only because it's never actually done anything other than talk.
Sorry to take so long getting back to you. Busy, busy working at building out Avita positions.
Things are going well on the buy side, at least for me.
It's looking to me like RECEL's trade-side audience is largely asleep at the wheel. Perhaps this is so due to a depressing era in which we live, perhaps investors are reluctant to commit more cash in a very troublesome economic time.
My strategy is fairly simple:
I'm averaging (mentally) and accepting that a drop in the range of 20% and more is simply unwarranted for a stock representing technological advances fast becoming the standard of care for burns and, eventually, much more.
Other than for this, I have to own my willingness to accept risk as now in full evidence market-wide. So, then---sure, my portfolio net asset value is way down, of course. But remaining debt free is the most important consideration in difficult times devoid of positive absolutes. After that comes seizing opportunity to position more strongly in selected winners such as RCEL. I have done that and now await resolution of at least some of the global concern for Covid-19.
However, when we come out of this difficult and painful time, there'll be a celebratory dance reserved for those of us daring to stake a claim on a less troubled future.
Good luck to you, Bill! And stay close, please, won't you?
Len/Jugs
Got fills on RCEL:
$23.50---two orders at $23.50
$23.45---one order at $23.45
$23.40---one order at $23.40
Now vying for an order at $23.20.
And as disclosed earlier, I have a standing order for 50 shares at $23.00.
Weird but last week I mentioned to a couple of friends that I could believe we'd be dropping down to $23.20. I didn't really "see" it happening and I'm sorry that it may actually come about. But we take life on its terms and not always our own. Still, we either go with the flow or we're left out altogether.
Note---the above orders and executions were for just 50 shares per each as I wanted to protect my available cash as much as possible.
Difficult times yet there's awesome opportunity at hand, too.
The post is available.
Added another 50 shares at $23.50
While I doubt we'll be dropping all the way down to $23.00, it costs nothing to have an order set to execute at that price.
So the hunt continues for the hungry.
Just now got a fill on 50 shares of RCEL at $23.50.
Some may insist we're going lower inasmuch as the death count relative to Covid-19 has yet to hit the headline spot in the public's mind. Paying twenty or thirty cents more on a mere fifty shares means very little to me. I average all my buys. That said, $23.50 is looking awfully good. We're talking about $4.70/sh pre-reverse split.
I've got another order for 50 shares at $3. However, I'm going to reach for at least 50 more shares at around $23.50. It's such a fine price I have to go for it.
I'm not thinking so much about today. I'm OK for now, knowing full well this is the most perfect time to be building out positions at rock bottom prices. Six months from now, a year, two years? What the heck---if I'm still among the living I'm not going to rue the day that I paid these paltry amounts to add shares of a great pick. And if I should leave this vale of tears before Avita reaches heavenly status?
I guess I won't give a darn, right?
So for me, at least---it's back to the hunt.
Good fortune, everybody!
Your logic is impeccable. As it happens, I'm not seeing the premise as legitimate.
Like it or not, we are living in an era that has the planet in a chaotic state, beset by panic relative to opportunity to live out the usual lifespan without unusually dire circumstances cancelling things out.
Australians who initially paid 15 cents for shares only to find them now toppled from five to six times that value---under threat of civilization undergoing upheaval appearing much like tectonic reshuffling?
People are trying to survive as best they can but so many are worried about feeding themselves at a time that has food supply chains bursting with inefficiencies.
It's my belief that we're in an era that brings the value of logic into question.
As for how I'm handling things?
Sheltering in place to the extreme. The pantry is fuller than ever, no debts anywhere and minimal risk is the rule.
Bottom line:
My mantra is as simple and straightforward as could be:
"Accept all the happens and build tomorrow on acceptance."
Expectations are out for now. Solid moves I can make to build for an uncertain future beginning with tomorrow? Everything hinges on my accepting that changes are a-happening and there's nothing I can do other than what I'm able to tackle right now.
And I'm putting every possible effort into remaining true to all I've stated above. My heretofore lofty expectations are out the window for the time being. Streamlining anything I possibly can is the order of the day for me.
I wish for the best for all here, as always.
Len
Who are you asking?
Two and a half cents?
What are you talking about?
Put some heart into your posts---talk about the number of shares you're daring to buy and at what price.
Talk is cheap.
But right now USEI shares are actually cheaper than talk.
lol
No. My post wasn't about adding, at least not directly.
The post is available for your reading. It was just about something I found interesting---referring to how we make assumptions about stocks hitting lows and someimes the published low might pertain to a single cheap share.
It's been quiet around here, presumably for good reason.
The stock market isn't demonstrating a lot of hopefulness and I assume that's the elephant in the gift shop.
It's not likely, in my mind, at least, that people will refrain from pursuing acne medications due to Covid-19 issues. Acne scars are responsible for many permanent disfigurements. I don't believe sufferers are willing to ignore their plight by not getting prescriptions filled. And there will be a time when we no longer have to wear masks so those scarred won't always be able to hide their problems.
So I remain confident that this stock will assume a higher share price. I'm thinking shares are under pressure because of general market conditions, having nothing to do with our commercial viability.
As an active trader, let me disclose this:
I have a current order (GTC+ ext.) for 400 shares of MNLO set to execute at $1.40.
In setting the order I'm allowing for the proposed reverse split which I'd expect to drag our share price down considerably.
Hoping all is well for followers. Please feel free to contribute.
Jugs
Apparently we dipped a little beneath my buy order price of $23 but demand was insufficient to touch my order for 50 shares. That goes to show ya that touching a bottom price point doesn't mean the sky is falling. It may have involved a completed order consisting of just a single share.
More later as the day wears on...and wears us down.
My 80 year old balls are still alert to any disturbances in the air but they're not made of crystal so I question their value at this late stage.
lol
USEI shouldn't get attention. It's been years since the company's last lies. And there's been no foll0ow-through, worse yet.
It's deader than dead. Anybody buying into the scant hype will lose money, no question of it. And there's no policeman anywhere to fix this disreputable farce of a company.
$20 has been on my radar the last couple of days. But I'm operating in very small buy sizes so I'm ok with the buy side of trading.
Of course, we all want to see things suddenly rise but it's not looking like that's gonna happen any time soon.
You're right! Was in the kitchen doing my thing and just got back to my pooter open to IHUB. Looks like the spiral ain't quite over yet.
Gotta go for more.
Just placed an order for 50 shares at $23.00.
Crazy but it is what it is and I'm a fool if I don't accept reality, take a deep breath and get into the hunt.
There will be a day when this becomes but a memory.
That's when I become the BUM*
*Butt Of Memory
Hopefully not yet.
lol
For the traders/investors (longs) among us---
My brokerage account is showing a fill for 85 shares of RCEL at $24.20.
I'm surprised yet the fact that I'm surprised tells me I'm not seeing and understanding FULLY the dark cloud above us. To wit:
We have no way to assess opportunity based on patterned behaviors.
For an investor, this is the worst that could be.
That said, I just placed a very cautious bid to acquire 50 shares of RCEL at $23.35.
I know, it's an incredibly dumb price that will never show up on anybody's radar. But you know something? If we don't step outside the box, we may not survive. Worse is that this is a time demanding that we not only step out of the box, but we need to get out of our own way or possibly perish.
So, then.....my buys are now being limited to a mere 50 shares per order. Further, they embrace bottom fishing tactics like never before.
Don't get me wrong---I don't want the order to fill as I'm a dedicated long here. But I dare not allow myself to be so naive as to entertain the thought that our beleaguered shares will benefit from a knight in shining armor any time soon. No reprieves in sight that I can see will deliver us from this downward spiral we're presently suffering.
More as the day progresses. I hope we longs come out of this ok.
Here to help if I can,
Len/Jugs
Wrinkles---
Although I've asked before, I haven't seen an answer. So I'll ask again:
When you go out, mixing with other people, do you wear a mask and practice social distancing?
There's so many questions relating to Covid-19, I don't know what to believe.
So I am going with the scientific community and sheltering in place. I'm not smarter than DR. Fauci and the gang. And I don't know nearly enough to form my own opinions.
That has me trying my best to play it safe. I don't see alternatives at this point in time.
I'd very much like to get your take on Covid-19, perhaps without politics getting in the way if possible?
Thanks, young man!
Even the coroner checks to be sure there's no pulse.
Simplicity kills, too.
Tweets coming from some Tweeting kid aren't exactly trustworthy.
Been a buyer today operating in a range of $24.61 on the bottom to $25.00, mostly in the $24.70 and beneath range.
This is pretty much as we were expecting although even I have to admit I'm a bit surprised by this aggressive market sentiment showing. Another admission: Last week I placed an order for 300 shares of RCEL at $25. To my surprise the order filled this morning. I'd expected we'd hit $25 but I really hadn't expected it so quickly.
Wish I could predict a smart buy price going forward but I'm unable to do so with any degree of confidence. However, I just rounded things to the nearest hundred up, buying 26 shares at $25.14.
I'm a happy camper at these prices. At the same time I want another 400 shares to bring me to an even 15,000 shares of RCEL. I don't think it will happen today as momentum paints a pretty clear picture:
I could believe we will drop to the $24 range within the next day or two.
That has me very cautious...along with Covid-19 issues damaging everything in sight from health to finance to investing to accepting social distancing protocols.
So I'm playing things cautiously, knowing that in time much will have straightened out. How we find results acceptable OR NOT remains to be seen.
Stay smart and distance yourselves, please. My wife and I are seniors and being very careful, indeed. Life is far too precious to place political sentiment in front of common sense---my opinion, not more than that.
Ameritrade is showing $25.01 at 6am Central.
Last week I thought we might drop to $25. However, when I awakened at 4:am (C)this morning, a sixth sense or something warned me that we'd be dropping to $24.53. Opening up my brokerage account, I then saw the $25.01. I have no idea where the $24.53 comes from but I'm listening to it and am scaling down my near-term expectations accordingly.
Because I've traded RCEL numerous times in the past, my cost basis reflects it and it has me on high alert, wanting to pretty it up when and if I can. That has me very cautious. To wit:
I may buy 100 shares or so at $25 but won't launch into larger scale buys until I have reason to think we're bottoming. As you (Fmello) point out, we prolly should NOT be seeing a massive drop in Australia. But the fact is that we are seeing it.
The BARDA support is wonderful as we all know. And it will mean much for Avita going forward. Right now, though, the world is aglow with pressures coming at us from all angles. That has me thinking that something occurring to me many years ago continues to have merit:
"When in doubt, DON'T!"
It's important to continue doubting ourselves, even when we think we're onto something. In simple-speak, this means that we'd possibly be best served by not assuming logic will be of greatest value. This may be a moment when we'd better watch out for the devil lurking in axioms and mantras.
We know we've got a great company and we've done well for ourselves. That doesn't mean the share price will always reflect it, even with that sizable BARDA commitment.
More later as things develop. It's too early for me to set up buy orders as I need a sense as to how the market is looking at RCEL.
Still don't know who Bob is.
As for buying RCEL? Not until it drops to $25. I thought I was clear about this.
Thanks.
Baghdad Bob?
Is he a relation of yours? Not familiar with the guy.
Just to keep things kosher (visibility required always):
Just now I placed a GTC+ extended hours offer to buy 400 shares of RCEL at $25.00. This would/will round my holding out to the nearest thousand shares up.
This comes up as it should be obvious that in the coming week or two we may well see $25 on the playing field. I'm ready for it as a lot of investors will bring pressure to bear on solid companies such as this one is. Mathematical probability suggests $25 as it would merely duplicate today's drop albeit in a continuingly downward spiral.
It would have been foolhardy to be adding to positions over the past month or so, given all the uncertainty stemming from the redomiciling effort, the reverse split and, of course---Covid-19's impact on virtually everything within sight and beyond. I have to admit I did buy some RCEL towards the close of June. I think I was feeling invulnerable being as I was sitting on a bunch of cash derived of having sold a lot of shares earlier in the month. I screwed up for sure.
For now, though, I've got my plan in motion. I hope others here will follow through on their own plans and set them in motion.
Have a great weekend, folks!
One of these days Brian will no doubt launch his next bullshit tirade claiming this will be the next in line to inherit the Earth.
I'm waiting and will be happy to delete unreasonable promotional materials coming from shills.
Benzinga attributes the rise in shares this morning to bullshit dating back to 2009.
Too bad there's so much dishonesty around here.
My question would be:
Who paid for the inappropriate hype? I wonder if it didn't come from Andy himself?
Funny man!
You oughtta nudge those chicken bones off the seat and into the terlet. lol
Another friend just sent me a note just a minute or so ago pointing to my having earlier said I'd be a buyer at $25. It could happen and I'm ready, I think---although I'm still cleaning house mentally. Acceptance can be really difficult.
As Fmello pointed out earlier, we got hammered last night Down Under. It serves us well, providing us with advance notice that something is happening that will most likely impact on things for us here in the States.
Being a committed long, here are a few items I see which may help:
1. The quarterly earnings review came out this week. While it didn't indicate a groundbreaking new revenue stream, it clearly demonstrated that the redomiciling definitely made good sense. Now behind us, I await Avita finding a more stable footing in the stock market environment shattered by Covid-19 and various other issues affected by politics. For me, personally, most conspicuous is that we added seven (7) additional burn centers over the course of the quarter. We are now under contract with more than half of the burn centers in America. Undeniably we are now past the 50% point on the road to becoming heralded as the "standard of care."
2. Despite horrendous impact on every aspect of business represented by public trading status, we held our own rather magnificently in my opinion. Initiatives continue to move forward where possible with numerous earlier ones being pursued via clinical launches both new and continuing. I sense an air of calm exhibited by DR. Perry for which I am grateful. "Steady as she goes!" is a fine way to bring home the ship.
3. Today we're seeing the shoreline splashing a bit. So it raises the question:
How much should we be--or are--threatened?
Let me suggest readers consider doing what I do:
Set a price point that would have you/me buying more shares. Obviously it has to be a smart price well beneath the prevailing cost basis. More than that, however, is to determine a fire-sale price point that couldn't damage your longer range plan.
Prior to the reverse split, I'd set (in my mind) a $5/share threshold. This translates into an identical price point today of $25/share.
There's a caveat, however: Today we are a nation faced with an out of control pandemic. For me that spells "All bets are off" at least for the moment. What this means is that while many would support my $25 thesis, I'm not so sure that the pandemic doesn't cast a still more darkening cloud over things.
Looking at the momentum factor today bringing us more than $2 lower, I believe I will nibble at $25 but will do so more cautiously than earlier anticipated.
More later as the picture develops and we have greater clarity.
Roundup:
There are some who will put down management, company technology, and whatever soothes the savage spirit within. And I believe the majority here recognize those individuals for what they are, or aren't, as the case may be.
For the record, I'm older than most here. I could not be a happier man with the exception of not being free to be with friends in favorite haunts. Too, there's the constant threat of the terrible illness responsible for so many deaths and internal disfigurements to say nothing of the permanent losses to those left behind.
This is what I'm doing:
I am looking past today, past next month, next year. I'm making deliberate moves to remove myself from a time-based continuum. This is not a time for me to count on anything but hanging onto those things most dear to me---my wife, my friends, my life as defined by my estate and the freedom to live well. Waking up and kissing my wife is the perfect blessing for my day. Knowing I have the freedom to order food online without subjecting myself to needless health risks is of paramount importance.
In short, I've been resigning myself this week to accepting that I cannot change the course of the Corona virus. Nor can I save lives destined to become the next wave of victims.
But there's one thing I believe I can do:
I can ask folks to let go of immediate gratification. We buy, sell and trade stocks for profit, fun and a sense of identity. But there are time-based circumstances very much a part of the investing cycle, and undeniably so, at that.
Thus it is that while it'd be wonderful to read that one of my main portfolio picks issues groundbreaking news regarding a fantastic development, I'm not willing to allow myself such foolish fantasies. For now I'm looking at what I have good reason to expect over the course of the next year to two years. Anything really exciting along the way between then and now? A little of excitement never hurts, right?
The hardest part of this for me is accepting there's a new paradigm in play and I must accept it. To do less is to willfully damage myself in countless ways.
So then, I'm asking others to think about what their market affiliation is all about and then consider revising landmarks so that acceptance becomes easier.
Thank you.
Sure is quiet around these here parts.
Then again, does anything ever change?
lol
I'm a happy shareholder---and definitely not because I want or need Avita to show me some love.
The company exists because there's an undeniable need for it to do so.
I'm a shareholder because I choose to be one.
The playbook is totally free of unmet expectations for me. I ask for nothing from the company other than for continuing dedication and execution. I don't subscribe to your notion that the company should care about me. I find that assertion ridiculously immature and amateurish.
This company's shares may be too expensive for some expressing sour attitudes. While that may be lamentable, I'm not going to lose sleep over it. I'm a happy camper and in the hunt to increase my positions in RCEL.
Me too!
While I'm not a predictor of future stock prices, I will be a buyer if and when we approach the $25 area which equates to pre-split of $5.00/share.
As I mentioned yesterday, I'm a bit surprised that RCEL is showing stability such as we've been seeing since the redomicile effort completed. That has me thinking I've got to be patient, perhaps more so than at numerous times in the past.
For now, I await fun and exciting news releases and am confident there'll likely be some spikes here and there to stimulate excitement.
Adding at $1.62 today, taking advantage of a depressing market environment.
This is the perfect time to be adding MNLO shares given that we know it's responding to general stock market pressures despite no negative news from the company itself. An important investor consideration will always be market perceptions. With turmoil in numerous sectors of the market and the political arena, of course Menlo will react.
So I'm adding and looking gleefully towards end of year results. I've pretty much written off science coming up with a miracle cure, vaccine or therapy this year. With that acceptance comes renewed vigor as an investor with a long term focus and longer term goals.
I wish all here the very best!
It's going to be business as usual here in Avita Land---at least for the time being. DR. Perry is looking forward to the Japan approval while hoping for/expecting a resumption of fulfilling clinical registration in a number of initiatives. The number of burn centers now contracted continues its pattern of growth and, indeed, it's steady as she goes.
None here could be delighted with the quarterly results yet there is nothing to point to that in any way might indict Avita. Our company continues to pursue a number of opportunities and this bodes well for us stakeholders down the road. Key to my optimism is the steady growth coming from VACs for these form a solid structural base representing ongoing contracts with predictable income for the company.
Covid-19 hasn't merely slowed things, it has actually stopped a good deal of life in its tracks. While many will point to pediatric and Japan approvals as redeeming entities, I view the inclusion of a growing number of burn centers as the primary income source and it represents increasing acceptance of the Recell system. There will be greater income opportunities to come from the cosmetology sector, to be sure. But the
Pandemic has erected stop signs everywhere you look. When things come to a halt, time-dependent components slow to a crawl. So it is with our company. Yet we continue to demonstrate broader acceptance.
As an investor I'm securing my positions in a few picks, being of the opinion that this year is pretty much shot. So I'm eager to see sudden surprises but I'm not about to hold my breath and risk life and property. Instead, I continue building out positions in key picks and I'm figuring things will likely return to some level of predictable excitement come the first half of 2021.
In an important way, I've accepted that the pandemic has forced my hand and now I'm an ever longer long. It's life and I must accept it. Not to say there won't be little bits of fun with small positions in Ford or Bank of America, but I know where the real bread and butter are with the others like cinnamon on buttered toast.
Happy burping!
I feel for you, truly.
So quiet here I think I can hear my toenails growing.
Whah happen?
Nobody doing interesting deals?
Today I've been sending out notes to followers telling them that I've pretty much decided this is not a time to expect great or even small surprises to the favorable side. Hopefully this will change as we greet 2021. And, of course, headlining news regarding a vaccine or new & effective Covid-19 therapy will surely restore much-needed confidence in us marketeering folks.
So I've been suggesting those in a cash position consider building out positions, thereby taking advantage of depressed prices. I've been doing this and seeing the cost basis of a couple of stock position decline is rewarding.
This strikes me as the smartest thing I might do given that I'm not going to be stumbling onto the pot of gold at rainbow's end. Hell, I'm just trying my best to stay alive and protect my wife and our livestock.
Life is indeed great, not just good. But I haven't eaten in a restaurant in more than four months! I find that a bit difficult to swallow. lol
Dwelling on this isn't worthwhile so I won't. I hadn't even realized it until this morning. Still, it is sad to think of all those wonderful restaurant workers from bus boys to waitresses to chefs and cashiers---we've enjoyed some spectacular employees of our favorite restaurants who always did their best to please.
Anyhow I'd sure like to see some people crawling out of their cocoon and post about their activities. I miss the chats and chatters.
Well?
I don't hear you.....
C'mon, don't be shy!
lol
Where are the profits?
I'm not aware of any yet.
Thanks.
I'd like to say my heart bleeds for you but I've said goodbye to a lot of my blood already this morning to offset the ADR charges.
It's a tough nut to swallow as my coming up with $3,400 didn't get me anything of substance. It feeds Mellon Bank and frankly, I don't give a damn!
Thank you, "Gone With The Wind."
And if I could fart on Mellon Bank, guess what?
Hey, wind is wind, right?
lol
Ameritrade finally slapped my five accounts with the 5 cent charge per ADR. I just scrambled to pay off the $3,400 fee passed on by Mellon Bank.
While I dislike paying for something from which I get nothing good, I'm relieved that this stink is off my back. Happily, the $38 fee was reversed but that's a perk provided by Ameritrade. It's just a couple of hundred dollars but it would feel like an insult. I'm glad it's not being charged to me.
Sorry, folks---but this is life in the fast lane.
Have a fine day!