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dm - OK FFS, will AMRN end up today, or down? Call it now.
Bears smell blood. Perma bulls will grab some cheap shares to produce a dead cat bounce, then it goes down. Sorry, I'm the only one on this board that is willing to consider all the variables - bullish and bearish. Everyone else sees the glass full,.. half full,.. partially full, etc..
Fingers, With only 3 days of monthly volume (LOL), we are already near half of the total monthly volume for all of April. It's all down volume too.
The paramount element of your chart however is the broken monthly trendline IMO
We'll see how this unfolds but I'm afraid it looks like a short trade now due to yesterday's technical damage. Follow through is everything though, so we'll hope it recovers so you can continue to sleep like a baby.
Zip, The market was expecting a loss of only 7 cents/sh.... so this was considered a miss. As illogical as this might seem, some traders are programmed to sell any stock in their area of interest that has experienced a miss in profits or revenues or guidance(or a combination)..... This might explain some of the selling that went on today.
Agree about the reason for the selloff. The reason for the magnitude was due to the combination of conditions surrounding the technical footing.
If a company misses the whisper number (even by a penny) when demand is weak (stock clinging to support), the index they belong to is weak, and the general market is toppy, their stock is going to get hammered. We were at a tipping point technically. It was time for the pattern to make or break and the funds did not step in to support it because management did not deliver on revenues/guidance.
Sadly, Mgmt has done very little to support shareholders since the 60% readout. Had they refrained form jacking up salaries, they probably would have met that expected $.01.
I said the chart telegraphed it, as it always does.
isaeed, the mini crash around 10AM was more a general market reaction than specific to AMRN. Check it ouy. the IBB had a similar dip at the same time. Something happened at that time. Can someone find out? Was it a Tweet by Trump?
LOL!
Today's move was telegraphed by the chart and should not have been a surprise:
1- failure to bounce off support.
2- every intra-day rally met resistance for the past week
3- Smart money knew the stock was in trouble and placed their bets accordingly.
I warned of a Day of Reckoning when this pattern would either resolve up or down and that those early bets would be telegraphed.
Where does it go from here? We saw huge volume on the downside breakout. Carnage is probably not over, especially with this looming in the background:
Also, there is 9 months of coiling behind today's AMRN fallout. That is likely to magnify the selloff.
not cocky at all. Just defending myself from all the pretenders who throw rocks.
If you'd let them Mr.main (talk about cocky-LOL), TA could have saved you from financial disaster:
Neither you or anyone on this board can deny the fact that this chart accurately predicted / identified important selloffs and run ups. If you think you can, the joke is on you (lost $$$).
Funny that not a single person buys this garbage.
yep, and not a single person has made a dime on AMRN. Dead money, and accounts too. If all these people who think this is garbage would have understood the chart, they could have side stepped a disastrous fallout. Why? because the price pattern screamed trouble ahead (just the mirror image of what it is doing now)!
It's all in the chart... if you look.
oh,.. okay. Jeez dude can't you do better than that?
Just like the stinky donkey that's full of it ;)
Vu- the main argument in previous posts ( before getting sidetracked by the class bully) is regarding the price pattern. It is being 'squeezed' into an inflection point of resolution - up or down. If the drug works, is safe big money will step in and force it higher.
If something's off track they won't.
These forthcoming bets IMO are very much predictive of what to expect and will determine if the masses follow on the long side, thereby initiating the long awaited run up.
Serious dude? You can't possibly see the forest for the trees.
The stock is on support. It either bounces in the next few days or fails. If is breaks the pattern (to the downside), it will price in failed expectations, just like the examples I shared (more below).
These charts all telegraphed their failed trials. My point is AMRN will too. If it is to be a resounding success, it will telegraph that as well. This pattern is at a pivot point. Those who know more that you will place their bets and it will begin from this point on to price in results.
Would you like some examples of successful trials so you can see how results are predicted by charts?
You really don't know what your talking about.
RAF, IMO Today's, tomorrow's, next week's or next month's PPS has no bearing on RI whatsoever.
That is BS. the price pattern always reflects the expected outcome because people know and they talk. That's just the way it is man.
Here is a an example of how price reflects good or bad expectations (mirror image to AMRN):
Those "in the know" exited well before the announcement
From a TA perspective, we have approached a day of reckoning. Plenty of ‘winks’ have been given by those who’ve witnessed the data. If positive, the stock will be grabbed here at support and we will see a strong reversal out of this mini falling wedge and larger triangle pattern. If not, it breaks down and the dream is diminished.
CB -Perhaps when R-I results come out the stock price will surge, followed by a sharp sell-off, and after that who knows.
A sharp sell off in those conditions doesn't/won't happen. JAZZ and ACAD are good examples:
Most trade this way post gap up on positive announcements. Some retrace 50% of the gap, but then subsequently continue to march up 2x the gap.
I think we'll see some itchy fingers on the sell trigger if AMRN gaps. Many on this board are under water, have doubled down and are willing to exit on +2-3x their cost basis. However, I believe any resultant, ensuing dip will get gobbled up by BIG investors who step in for a ride up on rumors of a buyout. The examples above traded higher for many months to a year without tracing a lower low. AMRN will do the same, despite the hit articles by AF and PY shouting it's OVERBOUGHT!
Here's my projection (blue shaded area, weekly chart):
Ever heard of a "Runaway Gap?" The most important element of your lame argument is what prices do on the heels of a gap vs how much they gap. In AMRN's case, If R-It delivers, and it only gaps 340%, I fully expect it to continue to run - ala CPXX - on the expectation of a buyout, not to mention upgrades, new awareness, and yes... short covering.
Oh dear is right. What kind of response is that? The short covering is what nearly doubled the gain on the initial gap for CPXX.
Even more for JAZZ.
Yes I do know what a gap up is. IT IS A CRUSHING BLOW TO SOMEONE WHO IS SHORT AND A COLOSSAL BEAR TRAP FOR IDIOTS WHO JUMP IN A SHORT THE GAP. haha
There was a real shocker out there not long ago under the ticker CPXX. It was trading well below the F/R rule, and only the diehard longs thought anything really good was coming. The results from their study were a blowout. Incredibly strong, and OS to boot. Also this was a novel treatment in oncology. In other words, big money. How did shares react? 340%:
Wrong:
More examples:
many more too if interested :)
The VIX rallied off a triple bottom to signal a fall out for equities yesterday. The indexes did manage to rally off their lows however, but I think the positive pull up will be nullified if the VIX remains strong today. That will likely deflate most if not all stocks, including AMRN.
AMRN has more downside to follow in such conditions and we could see a stab down to the 200MA @ 2.95 (pink box).
If the VIX slumps and small caps rally, AMRN could break out of the wedge and see some bullish life once again (green box). I’m watching the MACD (yellow box). The lines have to crossover for any hope of scenario 2 playing out.
Well said Zip. Just goes to show that despite all the intra-national and international problems, this market has managed to climb to lofty new highs, thanks to manipulation(QE).
Funny. I've never heard anyone refer to a dead cat bounce as the path of least resistance.
The only one "guessing" is you captain. The FOMC minutes basically declared that the stock market is a "bubble." Does that concern you?
LOL. The bulls had their chance today and the rally failed to stick.
Bears are going to punish stocks tomorrow. Do you have a crash helmet?
Not joking at all. While you waste your time on this board rehashing unknowns, I have been acting on my posts:
On 3/30 I said this:
This is how it played out:
While waiting for that higher low, I traded contrarian ETFs for a total gain of +$130,206.
Now that we have broken through broad market consolidation, I went long TNA
Just curious, if you realize that it is possible to make money while waiting for your "ship to come in?" If you spent half as much time harassing me, you could educate yourself how to do that.
Zum, I would very much appreciate that.
I went on vacation for a week and forgot to take my Vascepa with me. As a result, previous post- surgical (hemicolectomy) and post chemotherapy symptoms (liver dysfunction) came rushing back.
Two days after returning/resuming meds, my symptoms subsided. Amazing, marked difference!
Eventually, I think one of the best indications for this drug will be the treatment of IBS, diverticulitis and other "sore gut" ailments.
So I took profits on the first of many AMRN trades. How bout you?
Where have you been? AMRN appreciated 185% since the first time you heard me say anything of a volcanic eruption. Like most on this board, you too probably failed to bank any profit.
RAF keeps talking about batting averages haha. Y'all are complacently content to just stand there and watch the fast balls burn by without even attempting to swing the bat.
Here's a good description of most of the posters on this board:
"Economic collapse is a process, not a singular moment in time. This process lulls the masses into complacency. You can show them warning sign after warning sign, but most of them have no concept of what a collapse is. They are waiting for a cinematic moment of revelation, a financial explosion, when really, the whole disaster is happening in slow motion right under their noses. Economies do not explode, they drown as the water rises one inch at a time.
What happened to your favorite statement: "It isn't rocket science?"
Ironically, it really isn't. It basically boils down to this:
"The end game for markets, the most dangerous toxic scenario for markets, comes when you've got vastly inflated prices and central banks actually need to hike."
If the Trump utopia fails (even partially) to deliver, many investors are going to be very disappointed their greed and ignorance prevented them from taking some off the table.
Wrong.. I nailed the top and shorted the ATH :)
So we are just 1.5% under its all time high. You've been screaming about a doomsday for a while now.
What the heck kind of response is that? Are you going to say we are only 4% from the top, then 8%, then... Pretty soon, you will realize how the pros have handed you shares at a top (like they always do to retail rookies) and have turned defensive. Sure we are only 1.5% from the top, BUT we are also on the other side of a parabola.
But hey, you can buy the bottom right? Use this guide to help you know when that occurs:
In 4 weeks we'll see if his accuracy falls in line with his track record. LOL
4 weeks ago at the beginning of March, I posted that we are faced with a climax top. Since then, big caps and small caps have entered an intermediate down trend marked by lower highs. You and your rafun buddy, go ahead, keep laughing..
"just saying"
Just like everything else, this is events driven. If we get good tax cuts, it will soar. If we don't, it will fall. LOL.
More like: "Just like everything else, expectation of events are priced in. If we get good tax cuts, it will fall (sell the news). If we don't, it will fall further to to reach equilibrium."
You (and others on this board) are ignoring the extreme valuations currently priced in from the Trump trade. Markets always adjust sharply as they revert to the mean.
Go ahead and laugh at the colors,... unless you like RED!
Priced in