Avita Medical Ltd (RCEL)

[Fitz1030]

Sometimes one has to adjust one's thinking.

Agree with this. I had sold the majority of my position after the Q4 earnings came out as I was disappointed in the lack of sales growth and was worried how it would be received by the market (since so much of the market value is based on future sales). Seeing that RCEL rallied to new highs after and that we didn't see any change in significant ownership announcements I was reassured to see that the larger holders were not concerned with the flat Q4 and were keeping a long-term view with Avita. I bought back a significant number of my original shares this week on the drop. I think this level likely holds since we are now trading right where the last substantial secondary offering was priced, the shares from which are apparently still being held tight by institutions.