The results of the R-IT trial clearly proved and demonstrated the difference in efficacy throughout a broad range of pleiotropic properties of Vascepe vs other fish oil pills, Lovaza, fibrates, etc. This graph clearly tips the scale in favor of Vascepa

Yes Monk, the drug is amazing… just wish a few more countries, insurance companies, doctors, and patients knew that too.

The problem is not: “It’s the EPA stupid.”
The problem is: “It’s the PRICE stupid.”

Thanks to the generics, BP, and the cabal, the stock price is stuck in the abyss. No doubt they are more than ever determined to keep it there, in-spite of one man’s efforts.

Inverted Kangaroo Tail pattern breakout part 2

As expected, the pattern resolved downward, falling to a low of .96, followed by a reaction bounce to test the breakdown level of the pattern and the down trendline.



Yesterday's upthrust (yellow highlight) was an event that offered shorty a second chance to enter the pattern breakdown.

Looking for a test of the low today or the next day.

While this board keeps searching for something that will turn fate around, TA says "not yet".

The Chart that sums up how reality robbed FOMO:

2/24/23


TA was telling us all along that something wasn't right... something nefarious was happening behind the scenes, but FOMO - laced with hope - kept the investment alive. In fact, for many, the downward trajectory offered countless opportunities to load even more shares (catch a falling knife) - knowing that one day an even bigger payday will arrive (maybe... but maybe not).

I guarantee you this stock will be well illustrated in future trading books. The lessons emphasizing the importance of Price is king are vast. Lessons that clearly demonstrate the importance of merging/synchronizing Fundamental Analysis with Technical Analysis (TA being the go/no go determinant). The chart is reality. Price is reality. Everything else is hope based. Chart ticks - up or down - are the only determinants of wealth creation or destruction.

On 1/24/23 I posted:

Those dots have nearly all connected...

true but,.... LOL

Keep hope alive!

Chart update

This is the kind of cave in price behavior that occurs when key pattern support is breached (red highlights).

Kiwi - you don't think AMRN has slipped into the abyss? LOL

Might I remind you price is king and the price has slipped far into the abyss. In fact the stock is pricing in bankruptcy.
"It still has over $300m cash on hand". You made this same argument 6 mos. ago. Meanwhile, the COH continues to evaporate. Margins have been pinched by the need to move the 'existing inventory' via lower prices due to lack of demand, generic competition, and the absence of traction in acquisition of new markets X-US. Simply cutting costs won't rescue the situation.

Yes sir. The slide continues little by little.

I still can’t believe your PLTR pump was on the day it printed a top.

How is your AMRN investment doing? Have you given up catching falling knives or are you going to add some more now that is HAS slipped into the abyss?

The Inverted Kangaroo pattern is resolving to the downside (support has caved in), on its way to a 52wk low just as it did this exact time last year prior to entering tax loss season. CRIKEY!!

The Inverted Kangaroo pattern

Last week's rally to the 38% retracement of the false breakout was met with increased selling today.

The pattern is very similar to the August 2022 pattern that eventually descended to a new 52wk low during the month that followed after the reaction rally failed. So far this same pattern appears to be tracking a similar course.

Zip - I'm beginning to wonder if that is true. We just celebrated by mother's 97th birthday yesterday.
She has outlived anyone related to her by 10 yrs. She's sharp mentally and in pretty good shape physically. She's never had cancer even though all her siblings died of cancer. Her secret? She has taken OTC fish oil since her 30's.

The problem is she wants to die but her body is not cooperating (haha). I'm beginning to wonder if she'll live forever.

IMO, she is confirmation of the slight benefit she received from OTC fish oil. I wonder how she would be today if she had taken full dose Vascepa??

I agree with you re the anti-aging / anti-inflammatory effects of purified EPA on many conditions - especially CVD and many forms of cancer. It's too bad BP didn't scoop this up and maximize it's value in all these pleiotropic areas. Perhaps BRAVE results will entice them to finally do so.

Kiwi, my comment you cited was halved. What I actuactly wrote was

If/when that happens, nearly every equity gets marked down... it's called distribution and your fundamentals for AMRN won't save the stock price from getting whacked.
In such a scenario, margin calls need to be met causing broad market liquidation. Selling begets selling causing a rapid decline across the board - - yes, even your AI FOMO stock Palantir Tech will decline rapidly.
Unfortunately for AMRN, much of this occurs during the season for tax loss selling. We all saw what happened to the price from September thru December last year

A few interesting charts...

I believe this post on Monday evening marked the top of this stock market bubble.

Talk about contrarian sentiment!

Are we going to see another black Monday? The general market has rolled over and gave up support of the 20d MA by tracing yet another bearish engulfing candle



Coincidentally, the Monday after the August, 2011 S&P downgrade—the S&P 500 lost almost 7% in what became known as Black Monday.



This market top will undoubtedly take most investors by surprise. Like Pavlov's dog, they've been conditioned to view both sides of the coin as heads for too long. As the downward slide intensifies, it takes everything with it (tech, bio, banks, etc.) and will likely force AMRN into the abyss as well.

It didn't have to. Someone always knows before the fact and the selling (before the fact) shows on the chart like it did 1 week ago when I posted this Bearish engulfing candle chart of the S&P500.


News of the downgrade dropped 4 business days later after an attempt to rally on end of month window dressing.

At the timeI posted:

and

While you and kiwi were gloating, I was shorting based on the TA message which unfolded just as expected.



As for AMRN bankruptcy.... give it time. COH will evaporate - leading to drastic measures: hostile takeover, dilution, etc., any and all of which will bankrupt overweight long positions.

The pattern is still in play... so is the gloom and doom. The major indexes rolled over yesterday and followed through today. Leaving behind a climax top. I thought it interesting that your post discrediting my gloom and doom, along with your pump of PLTR happened to be on the exact day of this rollover! TA alone forecasted this and yet you accuse me of being wrong - haha.

Kiwi, re you comment

Your sentiment-crystal ball-of-Hype-posts-meter moved the needle on this post. Shorts had a great day shorting the way overbought AI and FANG stocks. Thanks for confirmation of the TA signal I already had in place. It was a good day. More to follow?

Market At Risk Of "Staggering Unwind" As Hedge Funds Suffer Sudden, Historic Drawdown

OneRag was begging people to diversify into PLTR which got slapped today. LOL

AMRN held in line with the stagnant bio sector. Bears are sniffing around. Won't be long before they feed on this high risk group.

The TA picture has been screaming this 'nefarious financial engineering' since the proxy war but no one paid attention. FA eventually leads you to the same conclusion... but often when it's too late; after the fact.

Translation: "Hey all, I hope you too have chosen to diversify now that AMRN has fallen from 26 to 1.19."

By the way, why would you feel the need to diversify now? Remember what you said?
Such certainty shouldn't require diversification.

Think so? LOL. Yesterday was nothing more than end of month window dressing. The AMRN bounce extended higher than I thought (thanks to the PR).... but, unless it takes out the high, a nasty inverted Kangaroo tail remains printed. One similar to last August when we saw a plunge from 1.70 down to 1.06. These patterns pummel falling knife catchers.



Yesterday's close is not going to help as prices stabbed up above the 50MA only to finish below.... yes, another upthrust of this important area of resistance. Most were "jonsnowed" by yesterday's price action. Gee, I hope he didn't double down once again (I have him blocked)?

The dead cat bounce is over. Are we in for another leg down?

Also, on 7-18-23 I wrote

The general market is extended and my indicators show a fertile environment for upthrusts (false upside breakouts) that fail and get heavily shorted.

Well today was a doozy for the S&P 500 index. We opened with a large gap up that quickly got faded throughout the session, leading to a Bearish engulfing candle/bar at a new yearly high on very strong volume. This will likely follow through down and pressure all equities in the next few days - including AMRN.



There is a saying in trading, "Sell all new highs, buy all new lows". Will see if that holds true.

haha, you validate my post.

I trade mini futures every day with one eye on a few equities - AMRN included.

As I said in a previous post, following the ebbs and flows of AMRN has been educational - especially from a TA standpoint. One could literally write a book on TA using the chart below



As for you judging whether "I should post and if I'm buying long or shorting for pennies each trade hardly worth my time", Don't you find it silly how you can make that assumption about my trading when you are 20,000 leagues underwater?

It's simple Bob. Part 4 of Tatsumaki's thesis involves a rally from the abyss. I agree and am looking for the TA signs that confirm so that I can potentially put on another trade.

His presentation on this board of this idea and potential outcomes (like his recent post) has been met with vicious attacks and requests for him to leave.

I can tell you that nearly every single TA post I've made has attracted the same dogmatic disrespect and ridicule - absent of any substance... just name calling, a twist of the facts and a request to leave the board.

I can post what I want, when I want and what you or others do with the content is your business. But when attacked, I will remind you of the consequential aftermath of your mean opposition to my ideas. Fair is fair. Besides that, though others refuse to, I learn a lot from their mistakes. It has reinforced in my trading practice the harmful effects of ignoring risk management, catching falling knives and doubling down. Reading and responding to these posts has been educational... at least for me. :)

Here are the facts as I clearly see them.

Tatsumakisamma (and myself) have numerous (before the fact) posts that predicted this pump and dump outcome of the shenanigans-laced-proxy war that began at the first of the year. The result, as predicted, has lined the pockets of Denner et al at the expense of all the bag holders.

Tatsumakisan has eloquently and concisely described the inherent weakness of Vascepa/Vaskepa: the preventive therapeutic nature of the drug can’t be quantified, or noticed short term by patients, hence Rx renewals have declined over time – forcing the company to reduce the drug cost in order to maintain market share…. All leading to declining revenue and PRICE!

The TA picture reflects this pessimism…. PRICE IS KING.

The response of this board has been to kill the messenger through attacks of his name, twisting his words, etc.. He puts you all in your place because he’s right and you have no substantive rebuttal. You all sound like fools trying to take him on by bashing his thesis that has become truth!

It’s so funny, if you look up the post history of many of you, nearly all contain stupid posts that attack. Like this, “you need to leave the board… you offer nothing”., or "Highly recommend everyone uses the ignore feature on", Haha, what a bunch of hypocrites. Or this, I love this one, “All your posts and claims are after the fact.” Nope – he’s been spot on and y’all can’t take it without screaming like mad little kids.


I get it though. It’s painful to be in this predicament caused by foolish decisions to ignore risk management (double, triple down), TA trendlines, crumbling FA prospects and simply hang on to your bag with endless hope that a savior will come to the rescue. No rules, discipline, exit plan, stop-loss or logical reasoning, just hope, and hope gets killed by bears. ‘Hope’ is a steak denner for Hedge funds.

here's the proof:

Tuesday 6/27
Time for a rally to 1.30.

Tuesday 7/18 before the market open:


What part of "my indicators show a fertile environment for upthrusts" did you not understand? There in fact wasn't a BO announced because the rally was a technically suspicious pullup to falling resistance and the likely response would be a false breakout. It unfolded exactly as predicted. I didn't spin any narrative after the fact... you did!

True, but the TA setup predicted a false breakout.



I sold half at 1.30, predicted a run to 1.40 and said if we don't break clean of the 200MA, an upthrust would be printed, leading to a slump back to 1.25. I protected the other half with a stop limit just beneath the 50dMA @ 1.22. My overall trade gain was .20 for a +18% total trade gain.

TA enabled me to expect a false breakout and take 1/2 profits and then let the other ride. That the the other half (free shares) failed at the 200MA, only lessened my profit. That's the beautiful thing about TA + risk management. It showed a bullish spike in bearish conditions. I notified the board a rally would ensue from 1.11 to 1.30. It did. Then on the heals of that I suggested it was an opportunity to unload some shares due to fact that it is simply a counter-trend rally - likely to get slammed down once the down trendline was encountered. That is exactly what happened. (As for shorting, I never short a stock < 3.00/shr).



Now, contrast that to your sentiment-crystal ball-of-doom-posts-strategy. Remember the falling knife discussion? Remember how you thought we were going to rally on UK news? Sentiment and/or fundamentals have failed to drive this stock up, only down. Technicals have been the winning strategy by far, which is unfortunate for those who mock Mr. Squiggles.

.

Not too many drop 20% from deep oversold levels after already crashing from 26 down to 1.10. That's called falling into the abyss and while you call the description stupid, Wall Street calls it pricing in bankruptcy.

LOL!! How in the world can you say this?
The market and those who trade off the chart got it right and their track record confirms it in the chart below



Each fundamental event, beginning with the FDA approval, was met with a nasty selloff to a new monthly low...
The progressive deterioration of the TA picture screamed sell - all while you and others said otherwise, doubled down and are now somehow, someway denying what price has done.



The only anomaly in the AMRN market is the retail investor who continues to maintain his/her confirmation bias, ignore the down trendline, and be drowned while clinging to the mast of a sinking ship. That mindset makes you easy prey for the bears. That is what makes a 'market' though... you need buyers willing to buy into a wave of selling in order for each tick to occur.

Rag - It's amazing... there is an inverse correlation between the degree of share price depreciation and the increase of assurance that AMRN will be sold for double digits, even though the company is pricing in bankruptcy.

What's lost on these hopeful souls who have extrapolated visions of grandeur from what they think Sarissa's intentions are based on past involvement in a few companies in the past, is that price is king.
They forget that prices reflect everything known about the market, including fundamental factors. The company's share price represents the consensus of value of all market participants.

Right now, those participants aren't showing much value for AMRN. Where are the insider buys? If the future was so bright, don't you think hedge funds would cover and go long? Don't you think Sarissa would add to their position (unless they want it depressed)? Don't you think Denner would at least verbally attempt to defend V sales, the company, his future plans?
That he hasn't is not "perception," it's fact.

Your hypocrisy is laced with accusations of "assumptions" on the part of those who correlate the crash of price(fact) relative to probable causes, yet your confirmation bias is in itself a bigger assumption! LOL.

For example... your famous quotes:

= CONFIRMATION BIAS. Nothing dramatic has happened here lately? Oh, just that the price has crashed -50% since Denner took full control. Nothing to see here... it means nothing. LOL



== ASSUMPTION!!



= ASSUMPTION!



= only longs under water are 'serious investors.' Those who fade their hopes are "idiots."



It's human nature to rationalize a wrong and blast those who remind us, but dang man, from a pure business standpoint, at what point does this investment become a failure (In your words, it's been a decade)?

On May 9 you wrote:


The Share price has dropped 20% since then... Confirmation bias = "One thing I know for sure"

Who's in control of the future price of the stock?

This was a rough week for bulls. First they were tantalized by a 35% rally, and led to wonder if this is it... here we go... back to higher ground - - only to be disappointed by a sudden crash that printed an upthrusted false upside breakout.

This pattern has a characteristic behavior. On the heels of the exhaustive selloff, we see a feeble dead-cat bounce, followed by further selling down to a 52 week low.
The chart below shows the comparison of this current pattern with the one in August 2022.



Rarely do we see a strong rally before months of consolidation or until scary probes down to recent lows occurs first.

The bears clearly have control of Amarin's future. The down trendline has repeatedly produced a massive amount of shares for sale each time the line was approached. Tuesday was no exception.

That the stock is stuck in a narrow range on strong volume while the bio index enjoyed a nice rally today, does not bode well for what we are about to see.

Volume is a double edged sword and confirms the current trend.

The last thing a long wants to see is either heavy volume as price slices down through support, or heavy volume in a tight range indicating absorption of the buying by sellers - the ensuing result of which leads to lower prices once the bottom falls out.

And what exactly do you add? LOL

That was preceded by this:


It was definitely time to sell some shares into the strong predicted move to 1.40. Did you take my advice or did you double down at 1.40?

Yes some but not all because Tat is probably correct in that as soon as cheap options are awarded, the share price will rise again towards the 2.00 mark .

What is your strategy knownothing? I thought you had a stop loss set when we were .75 higher? Did you flip your coin with two heads and decide not to?

haha, you are one to talk. Tatsumaki has been spot on.... You on the other hand haven't provided any evidence to support any foreseeable turnaround. I guarantee you the TA picture supports sub 1.00 by August 1. The price is teetering on the brink and the bottom could fall out any second, while all the indicators (momentum, volume, moving averages, channels, etc..) are in sync and pointing DOWN!

You're the one with an ego when you try and contradict his thesis with no proof/evidence or technicals and tell him to quit posting

look up XRP.X on Stocktwits. You can read all about it there. Until it resumes trading on US exchanges, you'll have to setup an account on Uphold (easy to do) and purchase there.

LOL, hahahahahaha... in the meantime, the price has gone up +67% in 6 days.... WINNING is WINNING!

For those of you who are ready to throw in the towel on AMRN, consider making up your losses with XRP. They just won their SEC lawsuit and the price is rising with no ceiling.

Baka da yo ne!

You tell me....
Here's my post this morning #412147:

Gap open today... followed by a slump back to 1.25.

The general market is extended and my indicators show a fertile environment for upthrusts (false upside breakouts) that fail and get heavily shorted. If you are thinking about reducing exposure, this is a great opportunity to sell some shares into strength.

The "dude with a mountain of shares f-ing with it" still leaves predictable and tradeable TA footprints.