Avita Medical Ltd (RCEL)

[jugs]

Much has been discussed on this board about trading Avita--from the wisdom of doing so to how the trader actually fares. I thought it could be of value to share my own trade from this morning. My sense was (and remains) that RCEL shares are going to drop back to $5 or the upper $4 range. If so, I may generate $2-$3K. It pales against my enormous losses of late but I've gotta do what I CAN do regardless of outside forces having their way.

Herewith, then, is my trade of the moment:

I sold 5,000 shares, receiving $5.57/share.

At the moment it's looking like a bad trade but if I should lose a few bucks, not a big deal as I've still got 75,000 shares locked up in the vault.

My motivation is to generate a little excitement for myself. Over the past month or so, the stock market hasn't been the usual fun for me and, I dare say---prolly most of us. That said, I'm hoping to create a little excitement. It's probably more a masterbatory exercise than anything else
as it's a solo gig but I can't stand feeling as though I'm forced to live in the shadows of an earlier life.

As I add things up, I really have no idea as to what the market is going to look like a month, two or even six months from now.

On the plus side regarding RCEL is that the kids are home throughout the kingdom here in the U.S. There will be more accidents and home fires and tragedies striking our near and dear. But on the other side of that coin is that there will be fewer auto accidents and resultant fires. There will be far fewer industrial conflagrations given that such a large percentage of factories are in shut-down mode.

So if I try to add things up for a clearer picture of Avita in the future, I come away feeling much like an idiot for I have no crystal ball able to reconcile pertinent information. And as i add thing up, I'm not seeing any balls, crystal or otherwise.

Anybody else going to share trading ideas?