Amarin Corp Plc (AMRN)

[jessellivermore]

invest...

You are correct about the sell programs and the Black Monday crash on Oct 1987, but LTCM was launched in 1994...

The root causes of the Black Monday collapse are still debated...Soros was seriously long the market while his associate Druckenmiller went short the market after reviewing charts with Jack Dreyfus which convinced him a market collapse was inevitable...

Many consider the meltdown was mainly the result of "portfolio insurance" and early computer "sell programs" set into effect an unstable feedback loop which triggered selling..which triggered PPS declines which triggered more automatic sells...

Soros was actually short the Japanese market so he was not really killed...He also correctly reasoned the market collapse was not based on fundamental factors, but rather a "glitch"...So the prices should come back to normal so he bought back in...

":>) JL