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Going to keep selling weekly calls to lessen the blow. But yea, coronavirus is the “black swan” needed to take down the overall market...going to be a tough few months. Script numbers need to rise weekly
OT: Tesla....wow
This stock is either going to $5000 or $0. I was a non-believer....but oh man
Mehh. Even more months to wait now. Nothing is easy with the company...
Guess I have two months to write covered calls to juice up the return.
Without this win and what I hoped would spark buyout chatter.....it gives the coronavirus time to bring the markets down and thus AMRN too. Not very confident right now on any real appreciation of the stock from where we are right now, as the only company news would be weekly script growth? Any counter arguments to change my tune???
Jasbg....excellent contribution. This echos what my friend who is an AMRN rep said....those who know about it love it, and there are the docs who are know it alls who take forever to convince before they become advocates.
Brick by brick....
One of these days Marzan, your Monday morning optimism will come true.
“We made shake and bake.....and I helped!”
I said that to myself after TTE’s line about us helping AMRN lol
Fsulevine....I hope so too. I have a friend of mine who is an AMRN sales rep in my old hometown. I try not bug him much for potential inside info....
One thing he did say to me in script growth and doctor penetration: “some docs just take longer than other to change their habits. But I’m persistent”.
Study....yup, and I remember bio and JL informing us when they happened. Feels like ages ago
Bio...I’m all for $50 in 2022....but you know as well as I do this stock ping pongs all over the damn place. We will hit $30....then $15, up to $35, down to $20, up to $40..... my heart can only take so much. Be true to your heart :)
I’ll take $50 in april and gladly hoard my cash until the inevitable large drop in the s&p (this market melt up is happening now, my guess is the ride ends before 2021).
LOL. I had 3 kids in 4 years. My oldest is turning 4 next week. As the french say “I am Le tired”.
Treating myself to a snip snip later this year. Maybe we can get a two for one special TTE
Woops! Well I hope AMRN goes up today by as much I will lose on the ACST position. Andddd Epanova gets wrecked???
AMRN is the Highlander. “There can be only oneeeeeee”.
Lets get this generic case settled and off to the races we go
Marz....if we settled with generics before the conference I’d say we had a shot. But don’t think it will happen. But, I bet talks will happen with JT and other BP’s at the conference
I miss my friday morning script viewing. Raf, help us out? Maybe Sam bought an island and doesn’t have wifi
Pissed.
Sold 15 January 2021 $17 Puts...
Think the price is going to be less than $17 in January 2021? If no, this option looks attractive
(for option newbies: receive option income now, making a bet that by January 2021, AMRN is trading north of $17 and you pocket the option premium. If stock is below $17 (god help us), you are forced to buy the stock at $17 regardless of where it is trading)
Since I’m holding this since pre-marine results....you’re damn right I’m a fair weather shareholder lol. I made and lost so much money in this company over the long term. Just sell the company...
It doesn’t help that my NY Giants just hired a nobody for a head coach haha
All the sell the news events, and here comes more. This one actually negative...welcome to our next war :(
Just sell the damn company already. If this goes back to the damn $15’s....
And this is why a BO makes the most sense. Who wants to hold this dead money for a full year with no growth? All good news has been met with selling recently. Sell the company, give us our $40+ handle...and let us be on our way.
Nothing has been easy for this company....
Gladly take $42 on Monday! Will reinvest cash after WW3 ends lol
For us long timers, 42 is still a 17x gain from where we started (my avg cost basis for 3/4 of my position is $2.40)
No one knows, dumb to even guess. Did anyone think we would drop to $20 on label approval??
Dmiller...can you elaborate on what the means cost wise? How much of an improvement is that?
Thx
I keep forgetting about the UAE and Lebanon....do we have any sales there or any distribution agreements?
And nice to see Canada patents extend to 2039
Happy new year everyone! Unlike some, I hope 2020 is the last year I am holding AMRN shares as they converted to PFE or GILD
lol raf, had a pit in my stomach for each item you listed. We need to vote on an AMRN theme song and make a montage of the past decade
Thanks BB and HDG. Hopefully scripts grow like mad week over week to dampen down any volatility this trial causes
Tough to keep up with all this patent trial info. Can they settle at anytime? Also, by February 1st the latest, we expect to know results of a win, settlement, or loss...correct? Just trying to see how long this will all play out for
Sure thing random internet stranger! I been here as long as most, if not longer. Owned AMRN since pre-marine results. Any stock can go down, unexpected things occur, shit happens. I think AMRN will be bought out in 2020, hopefully north of $40 with CVR’s attached. But for one thing, nothing has come easy for this company. Expect to be another roller coaster year until the inevitable occurs.
Thanks Raf, where does this compare to Sam’s numbers?
Im not overly bullish, the delay is a big headscratcher. I think the initial read out will be positive like Lovaza was, and I plan to bail on the pop (hoping for $3.50+). If results are stellar I will leave a small position in ACST to see how it plays out.
The institutional ownership did raise from 14% to 30% last time I checked a week ago. And if dumb money runs this up past $3 before the read out I will sell a good portion for more than a 50% gain in less than two months.
Its a trade, not a long-term hold like AMRN. Its also a hedge...what if all their fluff turns out to be legit? The boom of ACST will lessen the blow if AMRN sinks.
I also own CRSP and MYOV in biotech, i love this board and AMRN long term...but I don’t have all my eggs in one basket.
Eight....which is why I own ACST too. Why pick between Apple and Microsoft? Just own both (ACST is nowhere near the potential or profit of AMRN, but you get what I mean). I think the success of Vascepa will bring all these wanna be company’s to at least make them a profitable trade.
And god forbid they have a better secret sauce....well than I just hedged my already way too large investment in AMRN.
Lemme.... I have a Friendmas this Saturday and am hosting. I was planning to make a Prime Rib, I did exactly what you did for Christmas eve last year and it came out spectacular (I add rosemary, thyme, salt, pepper, and dices onions and garlic.....perfection)
Eight...i own ACST purely for speculation and positive phase 3 result data. Their primary endpoint is trig reduction by 20%+, which I think they will easily beat. Once the pop happens, I plan to bail and take my profits elsewhere. I don’t know enough of the science to say if they have any real claim to being superior to Vascepa...even so, they are probably 4-5 years off before even trying to catch up. I read there is this 505b2 or something, that claims they will try to piggy back off of Amarin’s CVOT results.....no clue if that is possible, but this is what the ACST bulls claim. Also the market cap is a mere $225 million....can easily double with decent phase 3 data. Its an aggressive stock play with a binary event in the next 30 days.
Amarin is your wife, ACST is your chick on the side for a fun night out :)
I own it because I feel it would have had a Marine label type pop...then fizzle once they discuss the secondary endpoints a few months from now. But this is a complete mess. After 9 years of AMRN...nothing surprises me though lol
I own a good amount of ACST too. Never seen a 6 hours news pending halt before. My guess is 75% bad news, 25% good news. Really pissed if negative news on Christmas eve....like dasher crapped in my stocking this year :(
Was at $3, dropped to as low as $1.10....now back at $2.25. Now that’s a bear raid! And no news printed either
Why give this guy the time of day? Shouldn’t share your full details, don’t want to be a target for idiots
Had to ignore MW....he was like the evil twin brother of BB
$42 is reasonable if reviewing their math, definitely under appreciating the market size. I’d take $42 with rich CVR milestones that would push it to a total of $50.
Good article on Fool....looks like someone understands the enormity of the market potential:
https://www.fool.com/amp/investing/2019/12/16/is-amarin-a-20-billion-stock.aspx?__twitter_impression=true
Press fast forward please so we can see the stock symbol gone and us all owning PFE shares instead :)
The premium eroded from the calls I was looking at...what strike and date are you doing? If we held $26 for more than a hot minute I would have absolutely done some covered calls but not now
But wtf are people capitulating about? We got what we wanted....and down 30% because of it?? This stock has been irrational for as long as I owned it (pre-marine). Just buy us out already, put the damn company up for sale. $40 plus CVR