OK, here's the scoop on this morning's opening:
I set an order before the open for just fifty (50) shares of RCEL at $22.85.
It filled minutes after market opening. No surprise here.
At the moment I have no other orders set. I'm watching momentum as expressed by not only new lows but also how sustainable they appear to be. And, of course, where we close and how aggressively we do so---these are extremely important items to be considered.
After only thirty minutes in today's session, my sense is that we may drop to $22.00 next week. Oh, there'll be a dramatic bounce to the high side but I'm not trusting that these sudden moves up or down will prove meaningful in the long run. However, I'm liking this opportunity to lower my cost basis. In sum, then, I'm seeing unanswered questions.
At the same time, throughout each day I'm asking myself the all-important question:
How will this stock pick respond to the expected announcement of a comprehensive vaccine "now" available"---?
Most stocks will likely reflect the "V" shape recovery, without doubt. But those stocks which offer hope, large cost savings, greatly reduced pain, threat of infection, and safety from ordinarily scarring and perhaps shaming disfigurement? I don't see how Avita's Recell kit and related technology can fail to rocket higher when our population begins to rebalance. And cosmetic improvement plays large in this dynamic, too. Countless thousands are no doubt hiding their cosmetic pains beneath those Covid-19 masks.
This is why I've added to my positions in RCEL. I'm positive that this is not a time that has many open to viewing current conditions fairly. So many of us are concerned with reducing exposure to Covid-19, knowing that threat could wipe out our lives and those of our most beloved ones.
Daily and throughout each day my wife and I ask ourselves:
"Can I handle another day like today? Week? Month? Half year?"
And daily we hold hands and look into one another's eyes and nod in an expression of love and acceptance, usually saying it in words. And yes---of course we can find love and joy in more days like these, knowing we're doing all we can to prolong our lives until the vaccine is readily available.
So for me the important thing is to do whatever I can in support of that day when this Covid curse is finally lifted. As an investor this means spending available cash wisely, building out critical positions in portfolios designed to breathe life into our future albeit on delay for the moment due to the virus, and most important of all: Never losing sight of the importance and value of expressing our love, respect and appreciation for all those in our lives wishing for our happiness.
I wish everybody here the very best.
AI
