Avita Medical Ltd (RCEL)

[jugs]

My thinking has it that visibility is increasing as we march towards next week and beyond. We know what to be expecting and it's becoming easier to predict, at the least---the redomiciling process coming to an end. Then we watch to see the final declaration of intent to execute the proposed reverse split.

Only after these two items are complete will we find ourselves in position to apply some sense of predictability with respect to a leveling out share price.

Last night is looking to me like a relief rally thanks to greater acceptance of the venue change. And here we are, a scant week away from major executional changes.

I strongly advise that we not buy into what I'd call a "sucker bet" today. We closed last night at $6. Logically we should trade up to $6.50 today. That suggests shares can be had premarket at a substantial savings, right?

Not for me as I'm smelling a rat going by the name of "Sentiment."

I'm waiting for the massively awaited impact of events slated for next week.

My two cents.

Good luck, everybody!