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BB, would it surprise you if sNDA preempt Amarin presentation at the ACC? I doubt that Theo liked the SP getting beat up last time, this sure would turn the tables.
Will the ACC be another AHA where it gets crushed the following day?
Hard to imagine that, prior to AHA, the so called bad placebo wasn't cooked into the stock price, it is now. All bad news is cooked into the current stock price, if the ACA goes big, so goes AMRN. That's is what I believe will happen, I also think we'll see buying going into the weekend. We'll see.
*obviously not legally, but I don't trust these two.
AF has said that he believes a BO is going to happen sooner or later, I think that statement was made so he could (and has) gone long. I'm like Chas, I'm thinking a positive article. AF has covered. JMO
Did you get elected to Amarin's BOD's and not tell us?
Mr. Williams, (Orlando Doc) is this anything you'd consider. Lord only knows how many votes this board represents, I personally think you'd make a great board member.
Yesterday, Our Philly Fanatic made an observation: Amarin isn't get kicked around like it use to. Amarin took it on the chin yesterday right from the get go, but slowly found it's feet, then this morning she came roaring back like Rocky. I think whomever popped off a half million shares better come back with another shot and another.
BB been saying for a while that Amarin is under owned by Institutions, I think that is slowly changing.
Or, Dmiller sold the rest of his shares.
JL, Thanks, that's a wholeheartedly thanks, too! I liked you when you finished one of my Tom Waits lines for me; now your overall knowledge honestly just blows me away.
I'm a horrible eater. I think Raf said the same about himself. I can just go without eating, why, I don't know. I've never understood it, life long problem. Plus, my wife works 24 hour shifts (the kids are long gone) so when she does, I'm more likely to have a few drinks than something to eat. You'd be happy that the only thing with calories that I do drink also has alcohol, that's not so often anymore. Actually, V has helped me at least eat a bagel in the morning so I can take my pills, you can give me feedback on this, for I take all four after the bagel, should I?
With all that said, when I do eat, I eat healthy food.
My Ophthalmologist looked up Vascepa, she clearly knew about inflammation causing DES, prior to me wanting Vascepa, she had her patients take over the counter EPA/DHA with mixed results, since my primary follows my lipids for HH, she endorsed via a letter she wrote for me to him telling my primary that I wanted to try Vascepa, in the letter she said that she wouldn't feel comfortable writing for V without watching my lipids and she knew that he was doing that. Also,she warned that there were three possibles causes for DES. My left eye tested 3, whereas a good score is 15, my other eye was a bit better.
I have another month on V before I see her again. I'm hopeful, if not, she's going to give my eyes a massage (to open oil ducts). That's the god honest truth, I doubt even Old Tom ever had that done.
For what it's worth Steve
Rosenman posted on ST that he thought the rumour was
credible and was wondering how Pfizer would react.
Pfizer is up a buck, for what that's worth!
I wish you were going to attend this as you did the little gathering in Chicago. I'm past two months, my eyes are about the same; no, I have not given up hope. I also think that Tasty might be on to something about improved junk.
However, hiring that marketing woman away from an established company was! When they hired her (I forget her name, as well as her title) I again contacted IR and requested information. I inquired as to any timetable of sales. Again, no answer.
Long before this post, I sent IR a question asking if they were working on increasing the amount of EPA in their salmon, they never answered me.
I don't think that's possible - violates HIPAA laws - there's no way AMRN should know the names of people who bought V, let alone how much you paid for it, unless the coupon deal has some sort of fine print saying you will allow them to collect this info.
Must be, they also knew the address of the CVS, to boot!
Cardio, I also got a letter from CVS telling me to F**k off, mine was signed
Thank you,
CVS Caremark Clinical Services Team
I pulled it out last night when I read BB advice to you about forwarding your letter to IR. FYI, I had called Amarin when I filled my scrip, however it works, (like Sam) they knew I had bought V as well as what I had paid CVS (it was out of pocket) I am going to contact them today to see if they would like a copy of my rejection letter, as BB said, it can't hurt.
I think it's great you're advocating for those you serve, here's CVS's complaints number, 877 203 1681
Good Luck
Explain your posts better and one would not have to read the entire thread, you said it, own it...............kma
"BB added only 2.6 mil shares."
Damn, only? What size lots do you buy?
Damn, couldn't the same be said of albert einstein..............it's kind of funny how that works
First Kennedy didn’t sell all. Second Kennedy has consistently practiced his aggressive dumping since First Amendment case. I wouldn’t follow Joe’s investment theory.—BB
I was here when Kennedy got those options, I remember talking with my wife about Kennedy's "grant" at the time, my thinking was that his pay wasn't all that, plus his options converted higher than the current SP at the time. My biggest problem, my wife didn't want me to buy more shares for we had two kids in college at the time.
This brings up another matter, I loved it when AMRN jumped from three bucks to whatever. Everyone was going to do xyz with their new found money, these same folks now want to hang Kennedy for selling his shares. Personally, I think it's best if people worried about their own money and let Kennedy worry about his.
BB, haven't you been listening to Tasty?
Gravity is most accurately described by the general theory of relativity which describes gravity not as a force, but as a consequence of the curvature of spacetime caused by the uneven distribution of mass.
Or, PFE board also dishes out Grants in the beginning of February.
I said that (perhaps DanfromChicago) can confirm, because the bid and ask were the same and not just one time, thousands of shares traded, too.
I strongly believe that this is shorts buying back
Exactly, I should have known that sooner or later you'd get pissed off at these jokers and chime in, I just didn't wait long enough. Your posts are always a delight, entertaining to say the least. Hopefully, they don't take your suggestion and group together and make a bid for our little company, but time will tell.
You and your like minded friends do understand that you can sell your shares and move on, don't you? No one is forcing you to stay, this is a free country, they are your shares, if you don't like (or trust) management, sell your shares and find another spot to put your money.
Pfizer is down 1.20 today
Pfizer was a good short since these buy out rumors first started which is ridiculous for there hasn't been any talk about price, plus price hardly matters, if Pfizer was able to pull off the purchase of AMRN, Vascepa would be their best money maker.
However, Amarin has great management and has a plan for dealing with generic copycats, keep the cost down. If any BP takes us out, the first thing they'll do is raise the cost of Vascepa, which will open the door for TEVA and pals.
People see what they want to see:
BB says, "So I’m literally taking her comments to mean she “understands the high level results”
I wonder if JW meant:
Every 34 seconds, someone has a heart disease-related event. Approximately every minute, someone will die from one. About 787,650 Americans die from heart disease each year—that's 1 in every 3 deaths. On average, more than 2,150 Americans die from heart disease each day, with one death every 40 seconds.
Also Mr. Williams, you're doing a great job, keep the pressure on. Just like the Ball doesn't lie, nor does the Truth.
Where does it end?
When Santa gets an apology for being booed!
Hi Chem, It's pretty funny about memory issues, these days, where ever you do your trading, they saves everything for you as well as for the government, I no longer write down my trades, nor remember them as well as the old days when I recorded everything.
Now we have to deal with these wash sales invoices (IMO) they are foolish, you sell high, while buying low, you're good, you pay taxes on your gains. Easy Peasy! In the old days, wash sales were pretty much buying back before a month had past for tax reasons, the government didn't want you to cheat on your taxes. Now they use this wash sale rule as a running record of your sales. Whatever. You can still sell a losing position in your name, buy the same underlying in your wife's account (as long as your name isn't on it) and be able to record a lost, sometime soon, that to, might change.
FYI, It's as easy to roll puts as it is calls, however (as I'm sure you know) you can't sell naked puts in an IRA account. I normally have the shares put to me, however, when I was learning this sinkorswim platform, I did do some rolling over.
Good Luck, Slim
Not sure if it's semantics but I use
terms "covered put" when cash is there and "naked put" when cash is not there
Just nosy, are you rolling those 22 puts each week? I use sinkorswim when I rollover options. It's kind of fun making some money when you're underwater.
You're a bit more aggressive selling puts than I, for example, last week I sold 17 strike, the week before I sold 18 strike, I'm looking for singles, not home runs. I do use your rules about the money there when selling the "naked puts".
I'll make the same suggestion to you as I did to STS, check out NVAX I like the premium you're getting on selling the puts, the only problem with NVAX is they do not have weekly's. They have options on this two dollar stock because like AMRN, it has had it's own troubles with the FDA (it use to trade well north of current share price) unlike Amarin, NVAX's troubles were there own making. Please do your own DD, I strongly believe you have to like the company before you sell naked puts. I'm very long this company. Good Luck
Just curious, why sell dividend stock calls? And I always caution against selling naked puts.
To enhance the income, I used General Mills for my example, it pays .49 cents a quarter, I sold the April 45 call for another buck or so, if it's called, so be it. I'll rethink my position, probably sell an equal amounts of puts in GIS, depending on it's price.
Dan, I agree with you that selling naked puts isn't for everyone, but I like it. AAPL was way way to beat up in my opinion around Christmas time, I sold the 150 puts and collected the money, it was not put to me. I won't disagree with you about selling naked puts. I would have been fine owning Apple. I used that two buck stock for STS to get his feet wet. However, then again, I like NVAX for the play on it's new vaccination, I'm long the stock as well as selling puts (incidentally, it looks like the January's premium I collected is all mine).
Back to NVAX, they just completed a secondary ATM, zero discount to buyers. That increased my confidence in that two buck stock. Since I don't believe MM, it's safe to say that I also don't believe these studies are completely blinded. JMO Like I had told STS, I'm using my own money, so all is good.
"That's exactly why I don't do options - in your example I now own a stock that might be worthless if that's their only drug. Don't you remember how many people lost their shirts on calls post- AHA? Only thing I'd ever feel comfortable doing is writing covered calls on stock I might sell anyway if it reached that price, but the premium for OTM calls for stocks I own is so small it ain't worth the hassle."
We have a difference of opinion, which is fine, you're using your money while I'm using mine. Now, if you were using mine, that wouldn't be fine. That company I had mentioned (NVAX) isn't a one drug in pipeline company, however, I'm in it because of my wife and RSV. Also, on companies that I own for the dividend (i.e.GIS) I sell way out of the money calls as well as selling time, I collect a decent premium, too. Folks do things differently, which is fine with me. For me, nearly all my stock is the product of stock put to me, I use puts as if they were buy orders. NVAX does have high risk, as did AMRN before R-I came out, that is high risk for most everyone. JV had little risk, I found comfort in that fact. I was selling puts in AMRN when it was a two buck stock, too. A good many of my shares were put to me at $4.00, which was a lot of money at that time.
Again, Good Luck
STS
If you'd like to see how to make money selling puts, I have a good one for you to try, but you have to like the stock and want to own it, for you might. I like NVAX, they are working on a vaccination for RSV, they are going to report on their study this quarter. My wife works with Neonatal babies, RSV is a serious killer. I don't mine owning more shares.
I'll suggest a learner's trade for you, sell 10 $2.00 Feb 15 Put contracts (bid is .35 ask .40) your trade will probably go off at .37/.38. If Novavax doesn't have a press release, you'll make yourself $350.00, if results suck, you'll end up buying the stock for two bucks a share.
Incidentally, I think NVAX is down today and may close at two bucks due to Dan's pin. It's a great day to make the trade that I suggested. Obviously, IMO
Equally obvious, you have to like the stock, you have two hours to bone up on Novavax, they were at the same JPM conference that Amarin was at, so they also have a presentation to review.
Good Luck
STS, you are on the wrong side of the Street, check out the puts.
Quote:since most retailers are buying the options, anyone who is not exercising calls on expiry but in fact selling them to the market are actually the cause of the pins
Dan might be right about retailers buying back the call contracts as well as rolling them over to another weekly or month, however, check out the puts. Very few ITM puts are being traded, which means that come Tuesday, they will have more shares of AMRN in their accounts.
"I suppose if you skim pennies per share, buy a lot of contracts, and play the weeklies you could make decent money over a year, but man you're taking a big risk if something goes wrong with one of those trades."
Not so with the Puts, you are taking the same risk shorting puts as you are holding the stock. Today, I sold 10 Jan 25, 2019 Put contracts with a 17 strike @ .47. Stock trades north of 17 next Friday, I keep the money, south of 17, I buy another 1,000 shares with a cost basis of 16.53. Obviously, I didn't mention the commissions involved.
Meg,
Do you recall how long you were taking V before you found relief?
Thanks, Slim
Far from throwing in the towel, I plan on being on V for the rest of my life. I doubt HH has anything to do with my DES, my father had it, too. He knew enough to move.
Shire was bought out for their DES drug, Xiidra, which competes with the drug you had mentioned on this board before. I've thrown in the towel on Xiidra after four months, for cause. Most importantly, it didn't work, but the negative side effects were, burnt when applied, tasted in throat was nearly immediate while lasting hours.
JL, I'll update you again at the two month mark, Feb. 20th.
BB, you are assuming that the docs are prescribing Lovaza over Vascepa, I doubt that they are. This is the insurance companies making a switch without the doctor even knowing. The doc won't know until patient's return visit. My doctor wrote DAW1, when I went to pick up, I was told the order wasn't ready for my insurance wouldn't cover it, CVS had a call to my doctor about changing the order, had that DAW not been on script, they would have just filled the order anyway they felt like (It was CVS). I used company's coupon and paid out of pocket for Vascepa.
JL, I'm two days short of a month, DES is still a horrible problem, I'm still hopeful even if doubtful.
You don't need Dan for this one, we closed last Friday right square at 18.00 (or we hit the pin, who cares what you want to call it) the MMs knew about the upcoming 1/18/2019 calls and took the market down right at the get go on Monday. The shares to cover those 5's you are referring to have already been bought.
Right now, the MM are concerned with open put/call positions that are near the money or currently in the money, IMO. However, they aren't going to give retail investors anything, so they will pin this stock to whatever they feel is best for them. Keep in mind what Dan did say about this pinning, folks are selling rather then losing their shares, or getting shares put to them which helps pinning. I personally do not do that with AMRN due to the lousy spreads. That is what margin is all about.
All that said, I think there is a big buyer and he doesn't give two hoots about any MM or pins, Bio has been telling us of large institutional companies that want in, I think he's right, I think someone or someones are buying.
All in all, I'm having fun, how about you?
OK, Dan, I've read this new post,thanks, you are somewhat agreeing with me, since the SP dropped, the MM now is long only 10% of those 30K calls. I'm right that I'd never be allowed to take that kind of risk due to minimum margin agreement, although I currently have zero margin outstanding and a large cash position, it certainly isn't large enough for 30K calls with a strike of 21.
I'm sure you know that the dude that came up with these formulas got a nobel prize, doesn't matter that I think it's all bs that moves the market for their own gains.
There is no way you can compare anything about Apple's options and our little Amarin. The spread of AAPL options are pennies, I took a look at Mainstreets 3/15/2019 35 calls, the spread was huge. I know the 2/8/2019 14 puts is six cent bid, sixty five cents ask.
Perhaps Dan can tell us why rule 2110 doesn't apply to Amarin.
I know you said it Dan, but I doubt that anyone looks in on the MM books. I doubt that he's hedged or covered the 30,000+ 21 calls that expire this month. That's why we hear about firms going belly up every so often. IMO, I hope a big buyer shows up tomorrow. I do think someone is currently making a position, so it's possible.
Another question Dan, do we know that that 30K put position was a buyer and not a seller? When that position was first pointed out on this board, I thought it was very bullish, someone was buying calls and selling puts. He may very well have sold those puts, if so, his cost basis is right around where the stock is currently trading. However, he has a short term lost on those calls, unless he long the shares and sold those calls, too.
I'm still thinking I saw something from the company about January, I remembering sending a message to IR which didn't get a response, so it wasn't that route.
Also, not here:
https://finance.yahoo.com/news/2-biotech-penny-stocks-buy-142300694.html
I guess, I'll go with your first quarter. I in at $1.84 and watched the move up to $2.33, my wife suggested that I not take a quick buck, but wait for results. Perhaps, she is the one that told me an update is coming in January, just seems so hard to believe that it was I, that made the mistake. Believe me, a year ago, I had zero clue what RSV was, buying this company was all about my wife's opinion.
Bleu, you might be right, however, I personally was thinking that we were going to hear something in the latter part of January, I am not sure where I had read that. I looked again at the company's web site https://www.novavax.com/page/13/presentations and it wasn't there. I was looking for RSV update this past Monday, hopefully, it's not released late Friday, but first thing Tuesday for the markets are closed this Monday. I'm nearly certain I read, update in January.
RSV season is in full swing at my wife's hospital, those babies in need are getting a goodbye shot before going home~$26,000.00 bucks.
"Dan...
30k Calls at $21 in open interest
30k Puts at $21 in open interest
Expiration is this Friday...
What's your take on this scenario?"
Dan, I believe you know a lot more about options than I, but I agree that the seller of those puts is hedged; however, I think he's the MM and he's been shorting (naked) AMRN all week to cover when he gets those $21 puts, put to him.
He also just sold those calls, knowing he could control the market, my guess he has three million shares (or more) in inventory, just in case.
Since this is my thinking, today's was an up day against the MMer's shorting, on low volume. Perhaps, he's has his shares in hand for that 30K put trade, or there was a real buyer out there that he couldn't control.
How wrong am I?
"It’s a single product with a 10-year ramp... more or less... it’s a fat ramp, but finite in length."
We don't know this, I'm believing that JT knows the business better than you and I, he's saying that he can compete with Generics. I'm believing him. This gives him strength while talking to any BP, so you should believe him, too.