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If I recall correctly, people at the trial said budoffs testimony was a huge win for amarin. The fact that the generics are using him as their centerpiece should bode well, if that’s the case. I’m sure the judge will see right through the defendants revising budoffs meanings and words
BB, check out amarins. They argue the generics final briefs should not even be allowed into court. That would easily take care of this situation.
It also seems budoffs words were obviously taken out of context and spun a bit. I’m hoping the judge would see right through that.
Remember, judge Du is trying to write a decision that will not be overturned. Once someone wins, I think the chances of getting a different ruling are severely diminished
That’s how I felt as well after reading both briefs, and even surprised to hear amarin argues for generics closing briefs to be thrown out! How good would that be!
Just always like to hear the devils advocate to my opinion as well
So you’re much less confident now? Wasn’t this always the generics argument though? What are your thoughts on amarins brief?
Off the bat, what’s up with the defendants waiving their right to written defense? Is the legit? If so, seems like they have no chance (the generics), or am I missing something? Is amarin maybe just trying to push that?
Lol back to the high school days of book reports! But much appreciated
Thank you study.
To be clear, this did not include any summary of tonight’s documents, right? Just asking because you posted this just as the pacer docs came out tonight
You think this has no upside? The downtick is from the litigation risk. Can’t believe this isn’t apparent
Oh, that’s an interesting spelling of the word. Thanks for clarity.
I mean “thank ewe fore the cerrect speling”
What’s milenuile?
I mean not dumping all is a good sign. This close to end of the tunnel, good to see JT is also long 2.5m shares and feeling the pain of the stock
This is just randomness. How does he come up with this number? Sounds like a whack job.
We’re underpriced here and will be up in no time. Just some event overhang
Wow that’s great! Never bashed management, but hopefully this makes the bashers respect him more! Even if he sells his next option set, this is great leadership right before the litigation and upcoming news.
Unfortunately, this does probably mean there is no pending BO or he would not be allowed to do this
There were just large market sellers. We’ll be fine and dandy when all the litigation clears up
You should sell and be done, you seem to lack understanding of what the company does and it’s potential. Everyone here could have sold for $24 but most don’t want to settle for that.
Not sure if you know what volatility is, but amarin trades 3-4x the volatility of the regular market. So 2x outperforming on the downside is not an anomaly. Last 3 years market is up 30% and amarin 500%. You probably would have said they should sell for $3.5 when we were trading $2.5.
Projected 700m this year and 60-80% yoy growth, this is a growth stock. We’re low because litigation overhang and EU uncertainty
What an opportunity!
Lol not sure the company is worthless...someone sold 350m of shares today, but someone also bought 350m of shares today
It’s crazy to be trading these levels. My only thought is broader market is taking us down. We will have 1-2 pieces of great news within 60 days
Seems like someone exiting position, at this point I think we don’t need BB to be in, but it would be scary if they got out. Not sure who else could push it to these silly low levels honestly. Other than 1 buy leap from the lows, it seems someone just sold all day every level
You sold 15.96 didn’t you?
Are you familiar with the term marginal rate of returns? If you could have 400 sales reps producing 1m each net, or 800 reps producing 700k net (after costs), which would you prefer?
You knew what the numbers would be beforehand? Everything released today was new, what did you expect? Did you know eps was going to be positive?
Possibly. But just like how the fed does it for rates, the best way to protect a stock is make everything at least hit expectations and limit surprises. We’ve never really not hit expectations...would be interesting (and bad) to see how bad it got if we did.
I’m in it for the long haul so month-month moves don’t impact me much, but would like the SP to be higher so i can get more juice out of my covered calls (and sell calls at a level I’d be fine to lose some shares at).
But you’re right, maybe it’s time to be bold. Especially if a BO is in the cards
Disagree. First time you over promise we’ll see shorts come in like never before. There are vultures really willing to take stocks down for big missed. Instead now it’s predictably low, and you can choose to use that info or ignore it. We already have analyst estimates 70% over share price with current earnings estimates, best thing to do is keep beating them.
If JT raised guidance by 200m this year, analysts prob wouldn’t move much. But if we missed even by a little, “amarin is slowing growth” or “amarin is not performing.” Now with projections low, we have average target $27+. That’s not bad for under promising over delivering numbers
Lol we were trading here a few weeks ago. 2% down in a day doesnt mean we’re in a bear market. Once S&P is below 3k we can start talking about that stuff
What do you mean? Is there info out for something?
You can cast a vote or let the board vote for you. There should be paper work from your broker about the voting
Yes that would be nice...I’m definitely not going to be doing my usually covered calls after March option expiry the 20th...or if I do it will be much higher strikes just to collect a couple grand in premium. I do think we could see all time highs by end of March....but really never know
23c? Not too earth shattering. When we did a raise we were down $4 ah. Very low liquidity and amarin price is depressed?
One would think pps will be stagnant until conference call
Yeah I sold a bunch of $21 calls next Friday. Seem too expensive
Nice numbers. Would be great if all 140k and 70k were in the Vascepa category....
Yeah makes the most sense to me. Would be a shame to see it go for like $30 a share
We have a limited time of exclusivity and only one drug. By the time we reach 2024 and hit the sales he projected, we will have only 5 years of exclusivity. We will not have a 20x with 5 years of exclusivity, it will certainly be less.
That being said, I think our sales will be closer to double-triple that, so my price target is still over $60 if not bought out by 2024. Just with a more conservative multiple
We won’t get a 20x PE, I would say 12x to be conservative/reasonable. Still...almost $40 a share so I’m not stressing.
Citi was actually helpful today after BB selling Friday and AF bashing today. Market also down today so nice to see uptick in face of adversity. Unfortunately seems like we stay low until judge releases her decision. Which should push us back up to $22-$24 I’d assume as a baseline
I don’t think it should hit the stock price much. We’re now probably 25% below where they sold if not more, and some strong funds have added positions to counteract them. I don’t really care if we dip below $17 or not, but my guess is nothing bad will come of this. They took 8m/70m shares off the table after the FDA win, makes complete sense in my book. Surprised/glad they didn’t take off more if they had the chance to
Yeah makes sense. Lol so they still have 1b worth. This makes 8m sales less concerning
Thank you and HDG for clarification
Ah so these 28m shares are already in the BB holdings? Or they have their current 34m plus an extra 280m class a shares equal to 28m (or 62m shares total?)
Yeah they probably just sold on day of FDA approval
I think they just own the warrants/options
HDG knows this stuff the best though