Today's market action may be scaring a few investors away. Understandable. It's unsettling for me too although I've experienced this so many times before.
However, there's no news coming out so far today from Avita. In fact, a very positive assessment of things pertinent to the company and especially its future for investors--- did find its way to this board this morning.
So, then---when I find no specific news applicable and I see so much to look forward to down the path a ways...I'm compelled to add shares. I've done this several times today, finding $7.60 more than acceptable if not compelling.
This is the time to be strong and stay steadfast. After all, absent negative news of any sort whatsoever, the market would have us think the sky is about to fall in. But it isn't going to fall in, I'd bet my last dollar on that ridiculousness.
I sold several lesser positions this morning to take advantage of today's fire sale of Avita. And I'm darned glad I did!
Aren't others here doing the same thing? I hope so! We don't get these opportunities very often and I figure only a fool would turn away.
For the sake of visibility---my portfolio is down $72,765 from RCEL alone. Is that OK?
I guess so as it is what it is. And I can't do anything about it. That means I have to accept that boats in rough seas will invariably slosh this way and that. These are high seas we're experiencing. I figure much of it is coming from shorts flooding the market with shares in an effort to gain greater leverage.
My hands are strong as I've not yet sold a single share of RCEL. So I figure those shares I added today are better off in my nest as they won't be put up for sale in the foreseeable future.
Good fortune, everybody!
