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Because he can sucker novice inventors into buying his garbage and has done so for years ??
Yeah it will be choppy but anywhere here in the 4.75-5.25 range is a good buy to me. Once the dust settles it should rise. Company isn’t dead, has the ability to be valued over $10 a share
News was priced in. Not really that much complexity
It triggered the breakers
Halted
I wouldn’t expect much more of a drop. $4 should be the bottom. News was already factored in for most part
Hmmm. Well downside is about $4 a share and upside is over $12-$13 if they succeed. Enough panic this afternoon pushes price below $5. Time to buy back in
It was an excellent buying opportunity there at $4.00 with huge accumulation that happened. A self proclaimed expert disagreed, he was wrong ??
He said nothing good happened yesterday which is just wrong. The stock found excellent support at $4 and couldn’t break that support. In the free falls, the first that has to happen is stabilization, otherwise you get false jumps that don’t last. It was a great time to buy $4 based on the action
Yes yesterday was a terrible day ????. Or you don’t understand the market
Thanks for your input but I could care less about your thoughts on trading or market makers or anything
I could easily see funds dumping amrn today as many other companies have been beaten down and are perceived a much better buy for the next few months. Could have even been the Baker brothers for all we know at the moment. Evaluation in the moment is tough after a big drop but it’s the best way to invest. On the other hand today was a day of buying this stock has never seen as well.
I would actually consider it encouraging. To be able to withstand a 113 million share day and only drop 20 cents from the open, that to me signals real support at this level. I bought some at the close, if it drops more tomorrow I’ll buy another tranche, but obviously not alone in buying. First thing for a rebound is to stop the bleeding, today was a good start.
Likely a lot of different players. There are still shares to go, but this isn’t the market makers stepping into 106 million share day supporting it. There was definite good sized interest to buy and sell and so far $4.00 has held, the close will be interesting
It’s not resistance, it is support and it hasn’t broken
Several very big bids of 20k-30k showing up in the 4.15-4.25 area on level 2. Someone has a very large order to buy a lot of shares. Don’t think you will see under $4.00 today, buying interest is there even with all the sellers.
You won’t see anywhere near that without a buyout. Shorts will crush any rally over $5 and should
I think you can bank that they cutting rates again likely by another 50 basis points
I was trying to get as much as I could under $9 but it flashed there way too quick.
Yes I just picked up shares in the low 9s. Way overdone reaction
Yes the market will trip the breakers right off the bat
No time soon. Trump just put a 30 day halt on all flights from Europe. The market is going to crumble and likely take amrn towards $10 or lower perhaps. It’s crazy
No, i don’t listen to them thankfully. Citi has been a clown show for years in Amarin. At the end of the day I don’t think citi will carry any weight with their upgrade before of their history in the stock. Will be an interesting day, action packed I’m sure
Which is why you will go bankrupt following analysts.
A quick look at their portfolio tells you they had a fantastic year in 2019. They could have sold for a number of reasons but it will certainly hit the stock price on Tuesday. Amarin lack of any strength in the stock of late doesn’t help. Looking for an initial drop under $17 a share. I’ll have some cash waiting.
Yep, given the history of Amarin, it wasn’t hard to see coming once they started the trial. The rough part is that it dropped on the whole corona virus news but hasn’t rebounded at all like many stocks have.
Even with a positive outcome in the trial now, I’m not sure it will sustain $20 a share until scripts climb more or buyout news starts to heat up.
Actually there was reasoning. First a Tesla exec said the corona virus would impact model 3 deliveries and second the stock took off on a meteoric rise over the last week that was absurd. Puts costs a lot but the stock price reaching almost $1000 was easiest trade in a long time.
Amarin doesn’t have the cult following of Tesla but seems to have the short interest, so eventually that should cause a nice pop.
I also bought some puts when it hit $950 today, it was just lunacy out of control. Ended up paying an expensive price at the moment, but looking better after hours. I was also very much in tlry on the way up and when it got halted 2 times in 10 minutes jumping $50, I liquidated and bought puts. I’m hoping Amarin goes up as it deserves but pump and dumps or algo run ups never last.
It’s turning into a pump and dump. CNBC has a guy on this morning saying Tesla will do 1 trillion in sales annually in 5 years or so. Complete non sense.
Because the market just didn’t work that way. There are still buyers, it’s just that this is essentially dead money for likely another month or more. That does not mean though you won’t get buyers in, but this impetus to buy big positions is not there at the moment, so in typical Amarin fashion, it’s bleeds lower.
If you are happy, it’s all that matters. We each make our own decisions. I still hold a position but decided at the beginning of the trial to invest more funds elsewhere. Being here 8 years you have a good understanding of the way Amarin trades and I’d bet quite a bit that now even a favorable decision in the case won’t bring a lot of upside to Amarin (maybe $2 a share max sustained). What it does do is open up the buyout window, but getting back in or buying more should be super easy because the pressure on this stock price will still be there. A win in court is highly expected as this point.
He lost the opportunity to make more money in another stock. Opportunity cost is very real in investing and a lot of people decide to keep stocks because of where they bought, instead of evaluating the outlook vs. another potential investment. Once the trial started, it was pretty likely that no settlement was coming, no buyout was on the visible horizon and this would be dead money for a while. The same people who complain about JT should have had a good suspicion he wasn’t going to settle and is not concerned about a few months to get the decision he believes is right.
Amarin is a day traders paradise and not just for the last 8 months but for well over a year. This stock is hardly alone though. For all the people complaining about shorts, there are tons of stocks that get manipulated to the upside due to low float, and strangle no one seems to complain! The point being there is always some angle to be played. This fall back down was completely predictable without any definitive news. What breaks the pattern here is buyout or major Vascepa sales growth. Sales will take a while of course but even buyout will likely take months.
Good news is that nobody seems to be taking them as serious analysts on Amarin anymore. Especially after their ACST debacle.
Yep I hear what you are saying. It seems like the consensus is building stronger for a AMRN court win or at least a favorable settlement, but it continues to struggle with headwinds. I do think once we get the court ruling out of the way, the price will start moving up, but this is Amarin and I highly suspect the first move higher fails giving everyone who wants it a chance to get in around this level ($22 max) before it pushes higher for good. For now I’m just trading the swings.
It’s the same old stuff. Great for trading actually, which is what I’m mostly doing, frustrating to watch with an investor hat on.
Yep this is my line of thinking too, which is why I’m holding off on putting more money into Amarin until the case is either settled or Amarin gets a judgement. The upside should be over $26 on a favorable outcome from the trial, but reality is, we know it likely won’t be. Don’t think in any way Amarin will lose in court, but it is court and perplexing things can happen. Given the likely limited upside vs. the downside in the immediate aftermath of the trial outcome, I don’t mind being a $1-$2 higher on my next round of purchase.
A bad settlement though is much worse than the appeals. If a reasonable settlement was on the table, I’m pretty sure Amarin would have settled. At this point I have to believe Reddy is being crazy in their ask, or Amarin believes their case so strong the want the judgement. I’ll trust their strategy as I have to this point.
Nice to see really good volume on a solid up day. Hoping it can cross $20 again and hold it, but downside definitely looks quite limited unless something pops up in the trial. JT definitely sounded confident about the outcome of the trial. I very much hope they do not settle. JT is also smart to keep the avenues open between buyout and GIA at this time.
Given the history of AMRN and it’s stock price action I don’t think it is giving the impression of 60/40 or the stock price would be a lot lower as that’s basically a toss up odds. There certainly is weariness about the case for sure though hampering the price.