Avita Medical Ltd (RCEL)

[srains]

staying focused on the stock. I will say this, based upon my experience, everything will go back to the way it was after the virus and oils has been dealt with. Americans have short memories for trouble. Just the way we are. The next presidential election will not offer any challenges for companies like RCEL now that Bernie will be dropping out.

I do not think the market is done going down but I will continue to buy RCEl and a couple of others on each drop, just a bit here and there. Every crisis seems to be devastating crash of 87, Y2K, 9/11, SARS, swine flu crash of 2008, on and on but I have lived through them all and made it out alive. What I will say is, my experience in previous market crashes taught me that in bad times, cash is good so when things started going south, I moved 75% into cash. It hurt bad at the time (a little over two weeks ago) but now, not so much. I was caught a bit flat footed with my oil stocks, even though they were preferred shares. It hurt to sell for a loss but now I am real happy with what I did. Doing the calculation, once this market recovers, I should be as good or better off then before the crash.

The one thing about our current leader is he wants an up market for reelection and he will work damn hard to get it. One thing Trump could do and maybe should do is but an embargo on Opec and Russian oil. Regardless, he will deal with oil in due time.

Stay safe, this will pass