Avita Medical Ltd (RCEL)

[Ctrxman]

I’ve seen my fair share of dumps. I can say, that they normally occur on heavy volume, unlike corrections which
Tend to happen on near normal volume. My theory, and only my own opinion, with no hard numbers to back it up, is as follows.
2019 generated huge profits for those who invested early. It seems logical to me that 2020, being a new tax year, would invite many to take some profits prior to earnings.
As to insiders selling, I have seen no filings to that effect.
I may be way wrong, but I’m very confident that the next financial update will be positive and show that the company is progressing on all fronts. I think the product is in more burn centers and and more kits are being used in their existing base. $5.25, $5.80, $8.27. Those are the closing prices on the dates of the 3 previous reports. I’ll be patient and monitor the company’s progress because it takes time to get to the moon.