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Re: Billr05 post# 6075

Thursday, 07/16/2020 12:02:54 PM

Thursday, July 16, 2020 12:02:54 PM

Post# of 7490
Sorry to take so long getting back to you. Busy, busy working at building out Avita positions.

Things are going well on the buy side, at least for me.

It's looking to me like RECEL's trade-side audience is largely asleep at the wheel. Perhaps this is so due to a depressing era in which we live, perhaps investors are reluctant to commit more cash in a very troublesome economic time.

My strategy is fairly simple:

I'm averaging (mentally) and accepting that a drop in the range of 20% and more is simply unwarranted for a stock representing technological advances fast becoming the standard of care for burns and, eventually, much more.

Other than for this, I have to own my willingness to accept risk as now in full evidence market-wide. So, then---sure, my portfolio net asset value is way down, of course. But remaining debt free is the most important consideration in difficult times devoid of positive absolutes. After that comes seizing opportunity to position more strongly in selected winners such as RCEL. I have done that and now await resolution of at least some of the global concern for Covid-19.

However, when we come out of this difficult and painful time, there'll be a celebratory dance reserved for those of us daring to stake a claim on a less troubled future.

Good luck to you, Bill! And stay close, please, won't you?

Len/Jugs
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