Avita Medical Ltd (RCEL)

[srains]

Jugs,

I dont know about the strength/weakness of the dollar having much to do with anything. I follow currencies very closely and the USD has been very stable against the euro as well as the AUD. The correlation I have seen are two, sector and performance. The sectors getting hit hard are transportation and energy and probably others that I dont follow. The other stocks I see getting hit hard are those that had the best performance over the last year. I speculate that people are selling the stocks they made profits on to cover margin calls or to book a profit.

Regardless, RCEL is trading very weak so I understand folks not buying. As the market still has some more selling, I suspect that RCEL will as well but I am a buyer in small amounts. Nothing about this stock has changed and if people liked it before, they should continue to do so, IMO.

My two cents is that we break below 20k on the Dow and as the market goes, stocks will too. I started to nibble a little today. Once oil stabilizes, I will be inclined to start buying more.