Avita is finding itself at present in a sea of change. Redomiciling is no small matter as, in this instance, it calls for repositioning on a global trading stage. The proposed reverse split poses additional challenges, to be sure.
That said, it appears that over the next couple of weeks things should be considerably clearer. Thus I've been on a buyer's spree...
Over the last few days I've added three thousand shares of RCEL. the first thousand came through at $5.70 with two thousand more this morning at an average of around $6.14. Pushing me to adding shares---
1. I don't know how the global market will respond to the reverse split.
2. I do know I routinely arrive at a mental picture of my "dream" position. This is so with each stock in my portfolio. I find it useful to arrive at an ownership goal as it sets the way for me to work towards size fulfillment by establishing the best mindset.
As of this morning I am now sitting on 65,000 shares of RCEL with a cost basis of $7.539.
A logical question might be this:
Why add so strongly this morning with unanswered questions regarding market behavior following implementing the reverse split?
That's a fair question and while others may answer it differently, my chief concern was that of securing my dream position. As of now I am not thinking about building out my position size, I'm happy with what I have and believe that when shares fetch $11 again, I'll be immensely happy to have what I have. And about a third of a milly richer. That'll buy the ice scream. And ice cream, too. lol
Pushing me this morning to add was the 3.5 cent rise in Australia overnite. That's a strong move suggesting we could see a rise of a half dollar in our ADRs today thru tomorrow. Having closed at $5.96 last night I figured I'd have to pay about half of the difference by tuning into things before the opening of premarket trading.
While I may have overpaid this morning, I know I'll rest easier knowing I need not concern myself with fulfilling dream position size considerations. And I don't expect I'll be fining myself wishing I'd held back. So much success derives from moving on the moment and not holding back. It's not always easy but it sure helps by getting the job done.
Looking at the share price now I see it's $6.17. I'm not ahead by much but I am happy that I need not be in the hunt for more shares. Sometimes it's very nice to watch the game from the bleachers. And I coach some others so I'm now better positioned to be of help to them. And now we're back to $6.06 so the yolk is on me---but I'm happy I have what I have.
I wish everybody the best here, as always. We have a gorgeous future ahead. This is the perfect time to be building dream positions---before Avita becomes profitable and while things are subdued due to ongoing issues related to Covid-19.
So I ask that others speak to their concerns and activities relative to RCEL. I get tired of talking to myself.
lol
