Avita Medical Ltd (RCEL)

[jugs]

We recently saw RCEL drop to $21.29/share. This was well down from the day of the reverse split.

Today we closed at $23.07.

There's no question here---we holders (longs) have taken a bit of a beating. However, the past week or so has witnessed an apparent stabilizing and rising process---my opinion, here.

This has me wondering if a few resident board poster have been correct in predicting that these shares would be decimated? It may be far too early to come up with such dire predictions, es0ecially in light of the fact that we are engulfed in a pandemic, the likes of which none of us has seen before. That tells me nobody knows what will be or how we may deal with things now developing.

It also has me wondering where the doomsayers have gone?

My hunch is that RCEL will exceed the price point occurring on the day of reverse, climbing above $30.45. I can't say when but I figure it will happen before Summer of 2021. I have no problem waiting.