Club Mulgoa

Monday, September 06, 2021

RHY

I handle a lot of patients in the Endoscopy unit.  From my point of view, a blood test that looks for bowel cancer antigen with higher sensitivity and specificity than both the faecal occult blood test and also colonoscopy must be THE screening test of the future.

However even after proving its worth, the share price kept falling until the low 80c in recent months.  I kept faith and that gave me many opportunities to top up.

Today for the first time in months, I have gone into paper profit.  Those frequent cheap buys allowed me to average down my buy price.

RHY illustrates my philosophy in investment that if a stock produces good updates and investors continue to sell, that is the stock to top up.

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