Avita Medical Ltd (RCEL)

[jugs]

Friday I disclosed an offer to buy 50 shares of RCEL effective Monday (today) and beyond. Well, that bid for shares filled in the early going, paid $22.00.

Interestingly, I just came in from hobby ranch chores feeding a donkey and goats and am surprised to find RCEL is not in the dumps of Friday but, instead, is slightly in the green. Wonders never cease!

I'm not encouraging others to add cash now as I'm not seeing reason to allow that the falling knife issue has left center stage. I manage stock accounts for some people---not for profit, just to help friends and family. One dear friend wants to add $2,000 to his RCEL account. I approved but told him I won't apply the cash until such time as I'm comfortable that shares will resume their climb towards "fair value status" before I spend his money. However, I will plow his $ as well as my own if we hit something very close to $20/sh.


Some time ago I said we could drop to $20/sh. Theoretically, of course we might. And while I've got cash available (my own) to put towards RCEL, I'm not going to do so until I have reason to believe this slide is a done deal. To date, we're down approximately 25% from the date of the reverse spit.

So then, we are, once again, in wait-and-watch mode. It's not what I like but it is what it is.

Happy hunting!