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ralphey, NO, not yet..................................................I'm still holding my 75K short shares. I want to see SP movement 2morrow b4 I'll decide if I should close my short position and TURN LOOOOONG. We'll see. GLTA longs + short! hehehe
JRoon71, What do you think about Denner's silence? Denner spent $104Mil+ to acquire 24Mil shares ($4.36/share) and now he's losing around 75% of his investment. TBH I'm very baffled by his " just TALK and do-nothing" since his public announcement threatening AMRN BOD with the "special shareholder meeting" action more than 3 months ago. In my post 382209 replying to alm2's post 382194, https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169310264 I did an analysis on the proxy votes and it showed that Denner only has to acquire another 1% (4Mil shares) he will get the majority vote in a special meeting to kick out the entire AMRN BOD. It only costs him $4.4Mil now to get that 1% after spending $104Mil+. Why can he make such a move? SP will definite RISE at least 50%+ if he would make such a buy and call a special meeting immediately after that.
ralphey, AMRN SP vulnerable & exposed instability is why I like it so much to trade. I'm not looking for steady steps UP or Down. I just want to see SP wildly swings from RED to GREEN... to RED... to GREEN, etc.... so that I can make short term trades in both directions SHORT and LONG. Do you game? hehehe
Can AMRN turn GREEN this week? I'm looking to TURN LOOOOONG sometimes this week. My concern is that SP was sinking to new intraday 52-week lows contiguously 5 trading days last week.
. So I'm still holding my 75K short shares. I'll DEFINITELY TURN LOOOOOOOOONG as soon as I can see a solid reversal movement. GLTA longs + short (me)! hehehe
ralphey,....................................................................................................... There may be no more SHORTNIN bread for 2morrow BUT AMRN PUNK could still get a haircut (no Rogaine) 2morrow. hehehe.
If my instinct on AMRN PUNK is still serving me right (100% correct so far) I'm sorry to say to all blind and miserable ARMN longs ..... New 52-week low (<$1.09) by tomorrow? I'll close my 150K short shares and may go LOOOOOOOOONG then. Any bets? GLTA longs & short (me)! hehehe
There's NO WORDS..........................INTRIGUING................NO MORE!! it's now a foolish & imprudent & unwise ABSURDITY that is happening to all AMRN PUNK longs. It's so sad a state of affair that I'm witnessing. I've refrained posting for a week to let the SINKING SP speaks for my SHORT call. I know for certain that my short call is in excellent shape when it goes 100% against FLIP from "volcano explosion" to...FLOP "bankruptcy" to FLIP "perfec storm" ...etc....SURPREME Artist (FFS). My posts are meant to share with all investors ways to make good $$$ trading AMRN with no considerations to ad nauseum speculating HOPE & DREAM results of AMRN studies & clinical trials. I hope some of you see them the same way. I'll close my 150K short shares this week and I may turn LONG AGAIN depending on AMRN PUNK SP movement. GLTA longs & shorts! hehehe
FlyFishingStocks So I assume you're still holding. Right? For me today SP movement is a GIFT to...SHORT MORE. I added another 50K shares to my short bag to bring it to my maximum short shares I want 150K with $1.378 average. Now we just wait for the rest of the week and see how my instinct vs your TA turns out. GLTU and me! hehehe|=)
Well what do you all think about KM's performance? I'm hoping (HOPE is not a good strategy, I know hehehe) for at least 5% haircut today, NOT Rogaine. That's why I just added another 10K shares to make my SHORT bag 100K even shares at $1.361 average. GLTA longs & me (short guy)! hehehe
FlyFishingStocks,
(fine with me... my 50MA target has been met).
Today 1st trading hour looks bullish for AMRN PUNK from both SP and volume numbers. I did short another 15K shares to bring my 90K short shares average to $1.36. Now let's wait and see if AMRN PUNK will get more Rogaine or Haircut today. GLTA longs & shorts (me)! hehehe.
ralphey, As I anticipate..................................................................... it looks like AMRN PUNK may have a HAIRCUT today and NO Rogain
FlyFishingStocks: Are you still thinking about Rogain for AMRN PUNK 2day & 2morrow? I may get you back by 2morrow. hehehe!=)
TastyTheElf.................................................................................... you can definitely SAY IT loud and clear and I'm wishing for EXACTLY THE SAME THING, because I will definitely SHORT another 50 - 75K shares to bring my average up. In the mean time, I just shorted another 25K shares to bring my average up around $1.351. Keep our fingers crossed. GLTU! hehehe|=)
FlyFishingStocks, ...................................................................You got me today for sure! hehehehe.....I guess my AMRN PUNK's instinct is one (1) or two (2) days TOO EARLY. I was hoping to short more shares > $1.35 but SP did not reach $1.35 in the afternoon. I'm looking forward to 2morrow & Friday. It will be exciting. Are you as a long? GLTU & me (short guy)!
couldbebetter...DEFINITELY!! hehehe!.................................................... I agree with your Denner's angle. That's why I trade in multiple batches just in case. Anyway, I consider Denner, so far, is just "TALK THE WALK" activist. And if he's going to take 2-3 years to "WALK THE WALK" I'll be so happy to see that because it has completely ZERO/NADA impact on my 2-week-maximum trades. GLTU!!
FlyFishingStocks, hehehe GOOD FOR YOU!........ Now we have some excitement. If SP turns RED today, will you bail or keep holding? I actually see RED is quite probable today. GLTU and me! hehehe.
WOW!!....................................................................EXACTLY as I expected, SP went as high as $1.355 and I got 50K short shares around $1.342. I'll definitely short up to 150K shares if SP rises > $1.35. We'll see. AMRN longs are having another GOOD GREEN DAY so far. BUT I think it will be short and sink by Friday. Any bets? GLTA longs and me (short guy)! hehehe.
PS: Does anyone expect some BOD/Management robbing FORM 4 news soon?
ralphey, Thanks! I just get very lucky with AMRN. We all know $$$ MAKES $$$. My fund to make AMRN PUNK trades is now literally "on the house". This affords me to be a little more aggressive to take higher risk shorting AMRN PUNK. That's why I'm considering shorting it even at the low $1.30 range. Hope I'll GET SOME today. We'll see. How about you?hehehe.
CaptBeer, So far, today is a GOOD GREEN DAY for ARMN PUNK. It's gotten almost 10% hair growth (not cut, hehehe) and I sold all my 60K long shares with 12%+ profit. I think it's quite decent for less than 3 days of work. I'm now ready to BE SHORT again. I'm hoping to short AMRN PUNK in the $1.30 range if that's possible with only 3 trading days left. GLTA longs!=)
ilovetech, you may want to do yourself a favor by thoroughly questioning your so-called AMRN knowledge this question: Has my excellent knowledge on ARMN produced $160K+ profit on my AMRN investment? ......................Well, my
You have no idea what you're talking about.
CaptBeer, I agree with your sound assessment of WSJ's article. BUT it also creates negative point for AMRN because it presents other/alternative methods to Vascepa (without MO battle). So we'll see. Did you get your $1.23 shares? I hope you got them much lower in the $1.10+ range. There are only 3 more trading days (after today) to exit my long position before 9/12 H.C Wainwright conference and I hope to make a quick profit soon so that I may turn SHORT again due to AMRN presentation on 1/12.
CaptBeer, I got 30K shares today and brought my average up to $1.15. TBH I'm not very confident that we'll have several GREEN days next week. That's why I only added 30K more shares. I will definitely sell my long position before the 9/12 conference. My observation on AMRN for the last several years has been that it's almost always disaster for AMRN SP every time an AMRN CEO presents at any investing/financial conference. Hope I'm wrong this time for many AMRN longs' sakes. We'll see. GLTA longs! hehehe|=)
CaptBeer, ....................................................................hehehe! That's me. Today SP movement is a good Bullish Sign. It was able to RISE from the low $1.09 to $1.19. And it closed only $.01 RED. I got my 30K long shares (averaging $1.11) for now. I'm looking to get a lot more tomorrow. We'll see. GLTA longs (including me)!=)
CaptBeer, you are one of the most decent human beings on this board, so here's my full disclosure. I closed my short position today. With the shorting AMRN PUNK profit so far, I can buy up to 150K shares long on the house. Depending on SP movement today or tomorrow I may buy up to 150K long shares. My instinct on the SP movement is time to go looooong. One of the strongest "long" indicative observation to me is SP has been RED for consecutive six (6) days. This is the only 2nd time during this entire 2022 year (so far) that AMRN SP had has such 6 consecutive day RED movement. The 1st time it happened was during 5/4 - 5/11. So I will start turning looooong 2day or tomorrow depending on SP movement/oscillation. GLTU!=)
ilovetech, Come on man. Snap out of it.
TastyTheElf, I'm glad to read your no-more-blindly-cheering post. BUT why are you still trying the Hope & Dream FOMO strategy of buy high, buy low, buy lower, buy lower lower,etc... and HOLD? I hope I'm WRONG! GLTU!
The NEW 52-week LOW did happen @$1.09 and I missed that. I'm now waiting for the %30+ profit to close my 150K short shares and .........TURN LONG (maybe?)
ralphey, Hopefully today would be the D-Day for AMRN PUNK. With all my luck and my instinct (so far) AMRN PUNK would be getting closer to a Skin Head EUNUCHA by producing a NEW 52-week LOW today. Keep all my toes & fingers crossed. GLTA longs!=)
ralphey and all AMRN longs, as I anticipated, it looks like AMRN PUNK may be producing its NEW 52-week LOW tomorrow or Friday. I recommend all ARMN longs to wait couple days before y'all start your FOMO buy low, buy lower ... and HOLD again. GLTA longs!=) ,
ralphey, I did not say AMRN PUNK will SINK to a dime. I stated that there's a HIGH PROBABILITY that SP will produce a NEW 52-week LOW (SP<$1.11) and I may then consider TURNING LONG. GLTA longs (no luck needed for shorts like me)! hehehe|=)
bidmark, I'm very SORRY for your agonizing post due to the FACT (not hope & dearm) that AMRN PUNK keeps getting his haircut for the last several days. BUT I know for sure that AMRN PUNK will never become a skin head (KM's style) as ralphey expected. Hope this disclosure will ease your agony somewhat. GLTU! hehehe|=)
I was going to post my thought on the latest AMRN PUNK's "news" https://investor.amarincorp.com/news-releases/news-release-details/amarin-present-hc-wainwrights-24th-annual-global-investment
BUT I just found the latest post from ST poster lillylang that exactly expresses my thinking https://stocktwits.com/lillylang/message/481875212
lillylang
34m
$AMRN
Thanks for the heads up on the presentation on Sept 12th. That is an automatic signal for us to short this unmercifully.
Ciao
north40000, I read your logic about the news and it seems reasonable to me. My question to you.....Are you in agreement with my logic that these type of news have been consistently driving/sinking AMRN SP for the last couple years? Why? BECAUSE as I stated
...this type of fluffing study/clinical news has zero/nada impact on the real operational business issues AMRN is facing.
Why did AMRN release such "GOOD" news on a Sunday at 5:51 AM EDT? https://investor.amarincorp.com/news-releases/news-release-details/new-reduce-itr-data-show-vasceparvazkepar-icosapent-ethyl-0
BECAUSE The embarrassingly incompetent BOD/Management is still having some wisdom to know that this type of fluffing study news has zero/nada impact on the real operational business issues AMRN is facing. AND it will SINK SP further today. I hope to see a minimum 5% haircut for the AMRN PUNK today. Any bets? GLTA longs! hehehe
CaptBeer, I assume you did not get your shares @$1.23. As a short seller at present time, I would not recommend you to buy even @$1.23. I'm holding my short position over the weekend. I will not close it until SP SINKS down to $1.10 range. I'm hoping that will happen during next week. I may turn long then if AMRN would produce a NEW 52-week low, GLTU and have a pleasant weekend!
OH............................................NO, NO, NO SP was only GREEN during PM trading hours. it's RED open during regular trading hour. This is VERY TROUBLESOME & BAD for all longs. Do you think this latest article from the Fool may have a much bigger impact to SP https://www.fool.com/investing/2022/08/26/why-amarin-stock-was-plunging-this-week/ ? GLTA longs (no luck needed for short like me)!
If anyone seriously follows and analyzes AMRN for the last couple years, s/he would know this type of conference fluffing news will get the SP jumped UP for a QUICK and SHORT period of time due to FOMO from retail (not tutes) traders/gamblers/no-clue speculators and SP will then turn RED worst than the regular/normal "no news" behavior. Any bets? GLTA longs & shorts (like me hehehe)!
ralphey, I'm just lucky with shorting AMRN this year. I'm holding quite a large short position right now with almost 20%. I'm so tempted to hold it until SP SINKS to a new 52-week LOW (<$1.11). We'll see what SP will be 2morrow. I know you're hesitant to short at this present SP. It's definitely a big gamble if you do. The lowest AMRN SP that I shorted was around $1.40 several weeks ago right after the Q2 ER. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169572347
My instinct told me that SP had to sink below $1.30 after another disastrous ER. And it did to low $1.20 range. GLTA longs & shorts!=)