Avita Medical Ltd (RCEL)

[jugs]

RCEL is trading strongly to the upside today.

So what gives?


Just a wild-assed guess but I'm thinking bears lurking in the woods are resigning themselves to the fact that the jig is up and they'd better close out negative bets or find themselves swallowed up by the redomiciling process coming to a conclusion. Things have progressed such that question marks must give way to things now in fact and clearly settled.

Another item:

Whereas a short could control a share of RCEL for $5 or $6 for some time now, this is quickly coming to a close as "new" shares of RCEL are on the verge of becoming $30, give or take a couple of bucks. The price of anteing up for a hand of poker is going up by a factor of five X.

I'm sure we'll all breathe a sigh of relief when the crumbs have settled and the air is clear once again.

Cheers, everybody! We have much to celebrate despite our finding ourselves surrounded by difficult issues. These matters will subside in time. But we have to remain sharp, committed and open to ideas and solutions.

We can do it.