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Today’s low was $21.21 continuing the trend of higher lows. Bolds well for a continuation over $22 tomorrow.
Well he is going to be at the helm. There is zero indication he is going to be replaced. Many people were screaming for him to be replaced the same time last year.
Once again establishing another higher low. Good sign
Actually I think you will see the opposite. Stock price seems to be flattening and building a base here in the 21.25-21.35 area.
One thing to watch for is the fact these are making higher lows on the bear raids.
Yep this played out this time much like last time. Both times i expected a dip but both times it has dropped more than I even thought. Amrn is a trading stock which is why you get the very high trading numbers when it starts moving. Only time or a buy out will break that cycle, otherwise the volatility it provides is exactly what traders look for. $20-22 seems a good range until we break one side, but I’m happy investing wise to hold the shares. I was in Srpt a while back that makes amrn look like it barely moves. Swings from $12-$25 each week.
A break over $22 will start a whole lot of fun. Good to see the move on good volume. PM is rarely ever a true indicator of much because it’s very illiquid.
Unfortunately ignore doesn’t work for some reason. Still showing up
Just posting useless drivel
Too early to say that definitively but the sellers are certainly going to have a battle on their hands. If we cross $22 and hold it, I’ll add more options.
With amrn expect the unexpected. So when you think everyone is lining up to sell...
That’s great news if that is what that means.
Grey, I do get your frustration and have felt it many times over the years in plenty of investments or trades. I’ve been a market maker and also on the other side here with you all (albeit in AMRN only for a few years). I try to maintain a fresh look each at my trades and most times each week at my investments because the worst thing you do not is not sell or cover short because you are losing money. If you are making money the story of why you bought can easily turn into a passion for a stock, we have all been there.
I kind of feel like the guy off the big short, when I say that you still have faith in the system. I don’t, there is plenty of shady shit that happens on a daily basis in the markets and for some reason be it that this stock is very easily to manipulate or a dislike from big pharma or something else, but the manipulation is real. Is it everything? Nope. In Amarin I hold 2 positions at all times, a trading and investment. What makes me shake my head in Amarin is the amount of press they get where people are just flat out lying and yet it falls, but big players aren’t stupid and neither are the ones making those comments.
At the end of the day though. It’s $22.60 right now and I look at it vs other investments and still the company and leadership. I do think execution and MD education will continue to take time but my line of thinking is that their isn’t a lot of risk left in this stock as the revenues should absolutely be there and Market makers, shorts, swing traders and the like don’t have the ability over time and to stand in the way of the billions the institutional type funds have when they see a good buy, which I think this is.
Many times I can see what is happening, especially intraday, but other times it’s a totally damn mystery and make no sense. But with Amarin I think because it is such a day trading paradise that professional know they can push it around because the joe trader can’t trade for shit and they know it.
It’s AMRN, everyone should be used to this by now. Price will rebound just fine but the games are never ending here.
Decided to add March 2020 calls with strike of $20. Dip down really helped
There is a conference call at 7:30am so I would imagine many would want to hear the company first.
Never in the current SEC world. Stock manipulation is rampant and they did little to nothing to stop it. Analysts have friends with positions, large investors buy or short a stock then release an article with half lies to bolster their position. I don’t think half the people here realize what actually happens in the trading side of the world, but it can be a dark place. With that said, there is profit to be made off it instead of fighting it. Ethics sadly ended a very long time ago. When I was a bank trader back in the 90’s the SEC was a real agency with real interest in stopping manipulation.
With the current state of the market for biotechs, if investors see the sales coming as they should, the stock price will take off into the 30s well before any increased sales actually happen. Given the weekend to analyze the label and the further follow up on Monday by the company, value investors should certainly overtake the shorts next week.
Best thing that happened was they brought this down to $24.50 and some people were dumping. Seen this movie before but this one has a different ending.
The last news is probably the buyout. No reason to sell until then.
F him. He was a shitty fund manager and now just an actor on tv.
This is what amrn does. All too predictable with the games. Thrilled to get more shares here I hope the weak hands panic and dump
Are you calculating gross or net sales though? Thought that would be gross.
He will never do that. Not his style. People were frying him for it all along should be thanking him now
As with everything AMRN wouldn’t surprise me at all to see them come out selling. With the label in hand looking to buy more if they do that
It’s also net revenues and not gross.
Me either in almost 30 years in the market I have never seen this.
Yes it would
Agreed, bought the minute it unhalted. Srpt has a history of exploding stock price, think it’s going well above $150. Hopefully we will see the same type of big run shortly on a number of positive events in AMRN culminating with the label.
It’s unhalted trading at $128
Doesn’t it matter which label is actually approved? If primary isn’t worth $30, something is terribly wrong.
Because it’s a terrible run company and the scam is up?
TA is never meant to predict news or it’s effect. TA is what is used when there is no significant news to trade on, and anyone who tells you otherwise is clueless.
Come on this guy isn’t shorting. He is a known con artist who changed his story all the time and lies about where he bought and sold. Best to put him on ignore.
Pretty much now. This move won’t last, it’s MMs trying to find stop losses. Great time to buy when they buy this for a trade, sell later on.
Surprised people still get fooled by this. It’s not a real trade. It’s a market maker trueup and they are always right at the close.
Most biotechs are struggling today even in a small up market.
Yes what I want to see most is the Baker Bros holding after the 4q. The 3rd quarter add was nice but likely under $4 a share, what are they doing when the price is $15-$20 a share will tell everything about how they feel. That’s the key filing to me.
There was no way the Patriots wouldn’t have left time on the clock, even if they went for it. People take a miracle freak play and try to find all the faults. Gronkowski being on the field for a supposed 75 yard Hail Mary was the big blunder, otherwise a miracle was answered. Happens every 30 years or so.
I only clicked on the link to vote. Did not have to log into Twitter