Replies to post #5217 on Avita Medical Ltd (RCEL)

[Spetch]

I really thought this share would be pretty much bullet-proof
In my opinion this is a massive overreaction from the markets

[miketrav69]

Where do you think the bottom might be

I think a 50 percent dump/correction is not out of the question The stock ran far to much this past year and was a bubble about to pop. Much like the stock market in general, looking for a reason to pop and the virus gave that reason. And it popped hard. Much like a blown up balloon pops harder than a partially filled balloon.

My next buy in range is upper 5ss. At this point you are not betting on if rcel recovers you are betting on if the stock market recovers. Of course it will and rcel will follow. Rcel ran so much last year a bottom could be in the 4ss.