It finally dawned on me that this could be the right time for me to take the opportunity to dip my fingers into Polynovo. (CALZF)
I've been an ardent supporter of Avita (RCEL) for about a year. I try to contribute here at the IHUB board, focusing not so much on the medical technology but, rather, how to approach investing in this stock. And now I've placed a tiny bet on Polynovo, explanation to follow:
Starting with just 300 shares this morning at $2.40 and buying a few more at lower prices, I now stand at:
1,000 shares of CALZF with an average cost of $2.21. This includes the $6/trade charged by Ameritreade for Pink sheet designations. It should be noted that while I will not involve myself in pinks, this is a special instance as the "F" attached to the ticker symbol is the only way this stock domiciled in Australia can be traded here in the States. It is not about the stock and its quality. It is solely about machinery set up to handle large-scale brokerage trading business.
I'll be sitting on this stock pick, hoping to add some more as we go forward.
Even the most cursory look will reveal that, as with RCEL, CALZF, too, has shown remarkable acceptance in the burn business. It has yet to catch on with the U.S. audience, I believe. Trading volume is remarkably low. If I can build my position from here, I might just move past petty concerns about volumetrics working against my trading instincts.
There is a frequent concern raised that the two stocks mentioned within this post are in competition with one another. Nothing could be further from the truth.
As a matter of fact, the thing propelling me to launch my position hit me before I was fully awake---I'm thinking it's possible that Avita and Polynovo just might be considering a merger of some sort. It would make a lot of sense to me in some respects but I'm not prepared to present a case for such a transaction. However, Polynovo has some things in its arsenal that I believe could prove to be of immense value to Avita in terms of their respective medical technological breakthroughs.
As for Poly jumping in bed with Avita? Think of it as though Poly were in search of a reverse merger opportunity. Avita is traded on a global stage via NASD. Poly has no such trading platform available, thus necessitating the Pink sheet status. That suggests in my mind at least that this might just become a marriage made in Heaven.
It would be great to hear from others on this subject.
Looking forward.....
AI
