There's obviously a lot to like in these numbers. More meaningful to me is that DR. Perry is not pulling his punches when highlighting the fact that the onset of the pandemic will indisputably slow our progress. At the same time it's also gratifying to find him affirming the fact that Avita is well financed for now.
The trader part of me laments my not having anticipated the release of this report. However, I didn't sell my complete lot of trading shares and I've been taking advantage of the half dollar rise this morning, selling into the feeding frenzy.
My expectation is that a week or two from now we will see tarnish on the silver lining, eventually leading to buying opportunities in the $5 range.
The ripple effect of the health crisis will continue in various ways. My goal at present is to preserve capital, not knowing a lot of things a trader and investor really must know. It's too soon for that, unfortunately.
Selling into this bump up in our share price is a given, I'd be crazy to ignore the gift. When we don't know what will be---including things we traditionally count on such as market stability and stock prices we believe will remain fairly constant---to me that's the time to consolidate opportunities to sell and preserve capital. $6.07 may not be our high for the greater time looking ahead but if the share price does drop back to $5 or nearby, then sales right now make a lot of sense.
We never know in advance how things will pan out. Friday I sold a lot of shares at $5.475. I didn't gain the half dollar my retained shares did. But I continue to believe RCEL is going to drop at which time I'll try to recapture unfortunate losses.
That said, I'm relieved, knowing I've got enough cash to have me in a buyer's position.
SO the waiting game is on full force at present.
Good fortune, all! And please tells us how you're doing if trading.
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