Avita Medical Ltd (RCEL)

[miketrav69]

Yes maybe I will buy back in after the reverse split and after the dump after. I’m not holding a stock through a reverse split during The most volatile uncertain time in stock market history. The unemployment rate approaching 25% small businesses closing all around us and big businesses only surviving because of federal bail outs. That’s not a time I’m holding a stock that is volatile to begin with through a reverse split LOL. If you want to nitpick post I made before the company announced a reverse split and some probably before the pandemic that’s fine. I’ve been trading this over the last month and I made back most of what I lost buying back in after my substantial gains from 2019. I won’t be making that mistake again. Also I find the management of this company to be reprehensible. If you want to hold or buy more shares like you have been no matter what the price and no matter what management does to screw you that’s fine by me.

And you know what I could be wrong and everything I’m saying and people buying right now may make a killing. Just like somebody going to Vegas and putting $100,000 on the Roulette wheel might make it big. for me it’s not worth the risk reward on this one right now. I look for low risk high reward trade set ups. Buying this company right now not only do you have the volatility and uncertainty of the reverse split you also have the volatility and uncertainty of the stock market Which is the most volatile in history. And this pandemic ain’t going anywhere folks wait until that second wave hits.!. No thank you. Especially when the company is clearly not looking out for shareholders and only looking out for executives best interest