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ggwpq, Lucky me, I got them all for.......... $1.39. My average for 100K short shares is now $1.3954. I'm already in the GREEN BUT I may hold until Friday to see if SP may sink into the $1.10 range. To be clear, that's my HOPE, not my strategy LOL=) GLTU!
AMRN my instinct is telling me today SP movement is a GIFT.............TO SHORT. If one really observes AMRN SP oscillation/swinging for the last several years one will come to the conclusion that SP will definitely SINK below $1.30 after today Q2 ER. That's my instinct telling me and I'm putting $$ where my mouth is by adding another 50K short shares. I'm now holding 100K naked short shares. Let's see if my call is WRONG or RIGHT this time. GLTA longs + shorts.
ggwpq, Penny stocks like AMRN are the ones that can make you $5K - $10K in just a couple days of work. I'll do that all YEAR/LIFE LONG!! You can do the same too if you finally open your mind/eyes to some other investment strategies beyond the FOMO strategy of buy high, buy low, buy lower, buy lower lower,... and HOLD
TTE, I don't know about other shorts BUT I just shorted 50K shares in the $1.40 range. This is the 1st time I've ever shorted AMRN under $1.68. We'll see. GLTA longs + shorts.
ggwpq, LOL! YES and you're WRONG. hehehe! I was expecting it to be less than Q1. Just simple logic and math. Right?
UNFORTUNATELY, both respected and non-respected posters here are JUST WRONG. I hope many longs will start remove the BLINDs on their eyes and see AMRN with their real open eyes. There's no MAGIC for revenue numbers using real simple logic and math. I asked dogn & HDGabor, What are the compelling reasons for wholesalers/distributors to re-stock their inventories when the product is not selling based on IQVIA/CaptBeer's weekly numbers?
Well, now I got my answer from the horse mouth, AMRN.
GLTA longs, you will need A LOT of luck if you keep planning to invest in this company using HOPE & DREAM strategy
It would be SO UNBELIEVABLY...HUUUUUUGE if the 11:09:46 ET 4,544,201 block was bought by Denner and I would be SO HAPPY for many ARMN longs here. On July 4th post# 382209 replying to alm2, I added to his list 6) BEST for all longs https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169310264
. Is it POSSIBLE?
ILT and AMRN longs, my thinking is one can definitely MAKE GOOD $$$ (not pennies) with AMRN once one is thinking about:
1) Beyond the FOMO strategy of buy high, buy low, buy lower, buy lower lower,... and HOLD ===>keep LOSING $$$
2) Buy, sell higher, buy back lower, ...repeat & make $$$
3) Alternative buy, sell covered short higher, close covered short lower, buy more lower,...repeat and make good $$$ without having to lose a single long shares
4) NOT POPULAR Sell naked short, cover naked short lower...repeat & make $$$
To all IHub AMRN longs, I'm truly AMAZED about the comprehensive, informative, analytical and thoughtful posts of many ARMN longs here. I do learn so much about EPA and other drugs, clinical trials, patent laws, common senses, and....PASSION reading posts from this AMRN message board. But there's one thing gnawing deep inside me, it seems that not many explicitly and realistically care about making $$$ investing in AMRN. It just like the post from ST InjectCOVID19intomybrain poster
lol at people still buying shares. That’s like buying tickets on the titanic but knowing what happens to it and still boarding the ship.
Megc, Thanks for your GOOD DDs. KM clearly stated There's NO MAGIC WAND behind revenue Growth or Shrinking
'Now that we have three generics on the market and not one, I, wholesaler, need to be a little cautious with my days on hand, because I don't know how things are going to progress.' Now, is it going to be repeated? Will there be any fill? I believe this will all be driven by the prescription trends. That's what's going to drive that. The prescription trends are going to drive it.
dogn & HDGabor, What are the compelling reasons for wholesalers/distributors to re-stock their inventories when the product is not selling based on IQVIA/CaptBeer's weekly numbers?
RMB and JRoon71 I think your estimates/expectation for Q2 is more realistic based on CaptBeer's weekly charts and numbers. We'll see. GLTA longs!
tke458, SP is trending down regardless you're rooting for it or not. I know it's quite DIFFICULT for many us human, BUT you may want to be non-emotional about it. LOL:=)
tke458, Why you do not want to short even if it would make you $$$? I would definitely do covered short with maybe half of the total long shares. It's just an idea. GLTU!=)
tke458 NO you should not lie down and take it. Use your TRADING LOGIC & SPIRIT and FIGHT BACK. SERIOUSLY!!!
Birdbrain I think you are asking WAY TOO MUCH for a penny stock CEO. He is NOT BP CEO.
jasbg, You will know if I want to be the Smart A.. I was thinking about an honest discussion between investors about making $$$ with AMRN taking into considerations of its current difficult market position, management, P&L business operations, etc.. That's why I posted what I think the value of AMRN to BP if the market/investors are bailing because there's no way to salvage the company (succinctly stated by JRoon71).
Hope this will clear up any misunderstanding. :=)
jasbg, I traded AMRN many times both long and short. I sold all my 150K long shares I bought in the $1.20 range for around 30%+ profit almost 2 weeks ago. I'm holding NADA/ZERO share right now. I'm planning to buy back in again in the $1.1 range, hopefully in a near future. Sorry if my honest post (but provocative to many longs here) pissed you off. C'est la vie! LOL=)
jasbg, I'm quite surprised that you actually bought more today at $1.30. I thought you are planning to do some short selling. LOL! Did you not read my post about possibility of new 52-week LOW (less than $1.11) due to the much bigger MO problem than many Longs and market anticipate. Now I'm not going to buy back in even in the $1.20 range that I was planning to jump back in. Best Luck To You!
JRoon71, You have a very good and realistic way to look at AMRN in that scenario. One question, What BP, in its right mind, wants to pay $3 for AMRN If there's no way to salvage the company? =)
AMRN longs, Have you ever thought about plan B, what you would do if Denner's basket is BAILING OUT? He may say to hell with it, I'm taking a loss and goodbye AMRN (MO and BOD/Management robbers). Seriously!!
This MO issue will not go away until ... I don't know. It's just a very BAD CATALYST for SP to sink much further. I now believe a new 52-week LOW is quite possible even before Q2 ER. It's just a very SAD STATE to be in for many longs. GLTA longs!!
Here's my another contrarian thought that may kill many AMRN longs' BIG DREAM about seeing a net profitable AMRN in some future time. It'll take a VERY VERY LONG TIME...or NEVER to see AMRN actually produces NET PROFIT unless...AMRN BOD/Management STOPS THE BLATANT ROBBING the company & shareholders practice of giving themselves YEARLY Millions and Millions FREE RSUs and Stock options. In just 3 years, 2019 -2021, almost 20M shares of RSU + options were given out to BOD and Management members. So the total O/S were diluted/increased by 20M more shares. This is REAL $$$ to the bottom line. See chart or you can read it yourself https://investor.amarincorp.com/node/21656/html
BioInvestor3, On one hand you state/recommend non-emotional when it comes to investing/trading AMRN BUT now on this other hand you're showing way too emotional because one message from a poster in a FREAKING AMRN PENNY STOCK MESSAGE BOARD. Calm down and think. Is it illogical or not?
BioInvestor3, You seem quite knowledgeable about sales and marketing in the pharmaceutical industry. I'm just curious how you have gained such knowledge. Thanks!
BioInvestor For heaven sake, this is the freaking PENNY STOCK MESSAGE BOARD, you have the same right like ALL posters here to waste the time of any & all posters who are reading and posting on this PENNY STOCK MESSAGE BOARD. They can always use "IGNORE" to avoid wasting their time. I happen to like many of your posts. KEEP ON POSTING, PLEASE
FFS, I like your chart. SP is TOO RISKY & TOO LOW for me to sell short now. But I'm patiently waiting for the $1.20 range to buy long. I do not think it will reach a new 52-week low unless another DISASTROUS Q2 ER in August. We'll see.
CaptBeer, NO, you are not. I'm waiting to get back in around $1.20's AGAIN. You game? LOL=)
FFS, I will definitely BUY in huge if intra-day 18%+ haircut happens. I'm sure you'll think I'm catching a FAST falling knife LOL=)
Sleven, YES! I beleive LOL=)
I believe AMRN BOD thinks Denner's is JUST BFLUFFING. It has been almost two (2) weeks and ...NADA/ZERO/NOTHING is happening from Denner. What does IMMEDIATE mean?
In addition, we intend to vote “ABSTAIN” at the annual meeting because even though such a vote will not impact the outcome of the upcoming election of directors, the United Kingdom, the jurisdiction in which Amarin is domiciled, contains laws and rights that protect the shareholder franchise even after the annual meeting. For example, under UK law and Amarin’s articles, shareholders, like Sarissa, who own at least 5% of the outstanding shares can call a special meeting of shareholders to remove and replace directors AT ANY TIME. Therefore, immediately after the annual meeting, we could call a special meeting and seek to remove and replace some or all of the Amarin directors with the affirmative vote of the holders of a majority of the outstanding shares.
HDGabor, The bottom line is let's wait & see if Denner dares to call a special meeting without buying more shares.:=)
Here's my contrarian view on AMRN BOD/Management dealing with Denner:
1) There's no behind the scene activity between BOD and Denner.
2) Due to the result of the proxy votes, BOD keeps ignoring Denner and pay no attention to the 6% owner of the company, because they see the math that BOD will have a majority vote for ALL BOD members if Denner is going to call a special meeting to vote them out.
3) They think Denner is just bluffing. I happen to think exactly the same thing if Denner is not going to call a special meeting and not buying more shares to guarantee himself a majority votes IF he will call a special meeting. See the math again
bioarm and all, If you read all Form 4's, the entire BOD does not even own .5% (2M+ shares) of the 400M+ O/S.
ORBAPU Here's the link for all nine (9) Form 4
https://investor.amarincorp.com/financial-information/sec-filings?field_nir_sec_form_group_target_id%5B%5D=466&field_nir_sec_date_filed_value=#views-exposed-form-widget-sec-filings-table
You can see the details for each one if you like.
Another nine (9) FORM 4s and everyone here is talking about BIG HOPE & DREAM for AMRN. WAKE UP!!!! You are being ROBBED BLATANTLY and PUBLICLY. Do something about it. LOL!=)
Many longs stated that what else beside the one (1) Denner's bucket. I recommend your own's bucket. To me, this means
1) NO MORE JUST BUY & HOLD
2) MUST TRADE AMRN like Denner claims he will do in his 13D "trade anyway you can": BUY, SELL, covered SHORT SELL, naked SHORT SELL, and options (if you're into it)
3) Your basket must include EVFM, this is the TRUE single drug bio company that you've been dreaming about for AMRN since after March 2020. Mark my word! I BOUGHT IN AGAIN and HOLD LONG since last week 150K shares average $1.02. GLTA longs!=)
Here's the ten (10) good catalyst and news for EVFM since just 6/14:
1) June 16: Phexxi® Prevented 99% of Pregnancies Per Act of Intercourse. https://evofem.investorroom.com/2022-06-16-Phexxi-R-Prevented-99-of-Pregnancies-Per-Act-of-Intercourse-in-a-Post-Hoc-Analysis-of-Phase-3-AMPOWER-Clinical-Trial-Data
2) June 24: USnews' Great article about Phexxi https://health.usnews.com/wellness/articles/non-hormonal-birth-control-options?utm_source=usn_tw&utm_campaign=tw_health
3) June 28: Evofem Reaches Agreement with One of the Largest PBM. https://evofem.investorroom.com/2022-06-28-Evofem-Reaches-Agreement-with-One-of-the-Largest-Pharmacy-Benefit-Managers-in-the-U-S-for-Access-to-Phexxi-R
4) June 30: BRAND NEW Patent granted. https://evofem.investorroom.com/2022-06-30-Evofem-Strengthens-Phexxi-R-Intellectual-Property-with-New-Composition-of-Matter-Patent-From-USPTO
5) Evaluation of EVO100 Clinical Trial results by 7/28/22.https://clinicaltrials.gov/ct2/show/NCT04553068
6) July 01: Excellent Reuter's article about EVFM & Roe v Wade https://www.reuters.com/world/us/us-abortion-ruling-ignites-retail-interest-women-contraceptive-makers-vanda-2022-07-01/
7) July 02: Joe Biden's tweet about contraception.
We will protect a woman’s access to medications approved by the FDA, like contraception, which is essential for preventative health care, and have taken steps to ensure that these critical medications are available to the fullest extent possible.
— Joe Biden (@JoeBiden) July 2, 2022
@EvofemBiosciences CEO @Saundraceo joins us next week to discuss #hormone-free #contraceptives for women and #investing implications of the #RoevWade reversal
— Seeking Alpha (@SeekingAlpha) July 3, 2022
Subscribe to Seeking Alpha's @CeoInterviews to receive notifications about new episodes: https://t.co/Paukw9Eo6S pic.twitter.com/2KX3Jtoulc
I do want to be a LONGER Long than just 2 days. But with the 10% UP today, I sold all my shares. I'm going to wait to see how SP will "behave" for the rest of the week before I consider my next trade, Long or Short. I think it's likely Long unless SP up another 10%+ during the week. GLTA Longs!
tke458, there was 250 shares bought at $2.13 by some poor soul around 4:03:46. And a trader just sold 9500 shares at $1.41 around 8:29:47. You're correct. They do not mean any thing:=)
Meo, Definitely TRUE, BUT I (and most others) would prefer to seeing the lethal equipment/weapons being supplied from supporting democratic governments, NOT NGOs!=)