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jasbg I do hope you'll get Fidelity trading account. I looked at your Denmark broker account and it looks like you have to pay commission to buy or sell stock. If that's the case I'm sure, you'll love American brokers. All buy & sell stock transactions are commission FREE. Make sure you'll apply for margin account. You will not be allowed to sell short if your account is not marginable. GLTU:=)
HDG Excellent call! It looks like the "GOOD NEWS" effect on SP is waning after 2 days. I went back to my shorting after taking a loss. I just could not resist my instinct to sell (short or long) when SP is gaining above %10 yesterday. Today close is quite BAD because it was lower than the day before yesterday. I think it's on the way back to $1.60 range provided there would not be any more "GOOD NEWS" PRs from either Denner or AMRN until 6/20/2022. We'll see. GLTA longs + shorts.
North, GOOD For You! Quick thinking even it was a wash sale. I guess that's how one can make $$. It's very hard to trade profitably most of the time. GLTU!!
It looks like a solid GREEN DAY for AMRN. There's decent volume to drive the up tick. I just close my short and take a loss. You win some and you lose some. C'est la vie
liam, you may want to consider making $$ on AMRN both ways short & long. I actually shorted more EOD at $1.82. I always SELL AMRN whenever SP gains %10+ intraday. We'll see. GLTU!
Kiwi, NO with all my shorting profit so far, I can handle some "squeeze" :=). I think SP will turn RED if there's not a lot much more volume to support the up tick.
jasbg It's good that you keep thinking LONG TERM and hang in there :=). I stick with my swinging way with AMRN. It's quite a disaster yesterday with the "supposed GOOD news" and SP went RED BUT it played out exactly as my instinct was telling me. Yesterday was the 1st RED day after the record 7 GREEN days in a row for AMRN SP. Now I'm waiting to close my short position. GLTU!=)
WS is not impressed...AT ALL! after ARMN screamed to the world "Look at us! We are now only 10% of our size from 2 years ago". This is extremely distressing and disturbing for me and many longs. The only way to really make $$ with AMRN is trading/swinging it as often as possible. I have to confess I make so much more $$ shorting AMRN than buying long. The way I have observed this company for the last several years has made me trading it the way that many longs here would think SO RISKY. GLTA Longs + Shorts!=)
Kiwi, Sorry! I change my mind because my instinct about AMRN SP movement. The GOOD NEWS can only spike the SP very short & immediate term due to mostly FOMO from many retailers/traders.I just SHORTED AGAIN at $1.80. We'll see. GLTA longs + shorts (like me:=)
Kiwi, you cannot reduce yourself to a much smaller company to make money. where's REVENUE GROWTH TO TRUE PROFIT. Any way, as I expected, I got out my short with some good $$. I'm waiting to go LOOOOONG :=)
I just short more AMRN PM because it's now much better to short at $1.85. Let see if I can close my short at the open. Today news is a much more concrete action for AMRN BUT SELL THE NEWS!! GLTA longs + shorts.
Sleven, AREN'T WE ALL? With his 2/3 $$ is down the drain investing in AMRN, I'm quite sure he knows EXACTLY what the immediate (not long term) impact of the kind of news he's issuing will have on the SP.
Kiwi NOTHING! I hope Denner is much more intelligent than trying to temporarily raise AMRN SP some pennies by issuing "GOOD NEWS" 2 day in a row. LOL=)
Kiwi, As I said in one of my previous posts, I'm 110% in agreement with you on AMRN LOOOONG TERM (1-5 years?) and especially after today Denner's news. He will start discussion with AMRN BOD/Management. BUT in the mean time, IMHO (and for my own sake) I expect AMRN SP will move as it always does for the last several years UNTIL some concrete actions (not just words in PR news) occur. Have a pleasant weekend!
Kiwi, Same 2 you! Holding it LONG!=)
dogn, based on my observation on AMRN SP movement for the last couple years and my own instinct I will definitely hold it over the weekend. We'll see. GLTA longs + shorts (like me =)
Shadolane EXACTLY!!! That's why this morning was such a GREAT OPPRTUNITY TO SHORT especially when SP was spiking up to 18%+ due to the Denner's news. I'm quite satisfied with my AMRN short position. I plan to hold it over the weekend. Depending on how low/high AMRN SP closes 2day, I may close my short position and turn long next week. AMRN is one of the best stock to trade because SP movement is QUITE PREDICTABLE
RMB This morning Denner's news is actually a-not-too-good news. It shows that many longs' speculations about Denner-led change of BOD and new COB guy are JUST WRONG. Denner has zero/nada influence on that. He's now just trying to see if he can get into the action. That's why I see a good SHORT opportunity this morning when SP went up to $1.72+. SELL THE NEWS!! In addition AMRN SP has NEVER BEEN GREEN for 8 days in a row. Today is the 7th GREEN day. GLTU 2!!
Is it a good day to SHORT AMRN? I think so if you've been following AMRN closely for the last couple years. I did SHORT AMRN in the $1.70+ range this morning. GLTA longs + shorts!
Kiwi It can be a good buy if you don't plan to hold them very long. You may want to try trading them whenever you gain 10% - 15% and repeat. GLTU!
FFS Agree!! There will be no more BUYING OPPRTUNITY if SP sank below $1.00. Imagine a BO with EVEN 300% PREMIUM would get SP to $4.00 LOL
Kiwi it would be a DISATER because it would mean that ALL GOOD FAs & REASONs provided by so many longs (you included) here were JUST WRONG!!
Kiwi + FFS It would be a CATASTROPHIC DISASTER for ALL Longs here IF AMRN would sink to a new 52-week low. I'm actually quite confident that may not happen UNTIL IF...another Q2 ER disaster similar to Q1 (August 22?). We'll see.
HDG Thanks! I saw that latest news too. It look like I got 40% DISCOUNT from the offerings. I can live with that LOL!!!
HDG Thank you for your feedback. I'm cool with it because dead cat bounce WILL PROBABLY happen. :=)
sstyles You're doing GOOD analysis and reasoning. I'm still waiting to go LOOOONG. Thanks!
OT Here's another penny BIO company with 1 product (like AMRN), EVFM. It is getting %60+ haircut 2day because it just announced 2day that it PLANS to do an ATM offering with no price or number of shares. This is the kind of my 90% instinct LONG. I just got 150K shares around $.4462 average. EVFM has no share to short because it has only 12M+ shares O/S. I hope some of you may want to GET SOME while waiting 1/2/3+ years for AMRN
Kiwi the problem with ALL of your valid FA points is WHEN? Most people (maybe except die-hard AMRN longs:=) do not want to spend 1/2/3... years investing in a penny stock just to make some $$. LOL! GLTU!!
Liz I gave up on AMRN management several years ago. I'm looking at AMRN maximum 1 week+ at a time and go from there and hope not a lot of unexpected news GOOD or BAD.
cbb I'm glad you're enjoying my wandering LOL! Here's my take. I do not anticipate seeing a new 52-week low but one may get lucky to get SOME in the $1.20+ range. It was my "wishing" price to close my short b4 the BOD news :=). Well! You win some and you lose some. GLTU!
jasbg I think it's more likely that US law has something to do about allowing foreigner to open trading account in the US. This means you just cannot find any US brokers that will allow you to open a trading account. You can always try tdameritrade.com, etrade.com or robinhood.com. BTW if you plan to average down AH due to 2day news, DON'T. I'm quite confident that you may get a much better price 2morrow. GLTU!
Before I turn LOOOONG I want to see A LOT MORE GREEN VOLUME + GREEN VOLUME + GREEN VOLUME to sustain the UP TREND through the rest of the week. I was hoping to hold on to my short position until 2morrow close BUT....UNEXPECTED BOD news happened this morning. C'est la vie!
With 2day news, It would be a positive sign IF SP could be turning GREEN and STAYING GREEN. Otherwise, another 10% - 15% haircut can happen by 2morrow close because SP was trading as low as $1.33 PM this morning.
sstyles For many AMRN Longs' sakes I hope your speculation "the BOD changes: this was all orchestrated by Denner" will be correct and I would definitely become a HUGE-BAG long holder too. But that will take sometime to know. For 2day and short term trading, I'm quite comfortable with my short position. GLTU!
BOD news may be good for AMRN SP long term. BUT for 2day and short term catalyst it may drive SP down further. Why Denner name is not there? Why Dr. Lars Ekman will remain a member of the Board? That's not very encouraging.
Kiwi, TBH your guess is as good as mine. One thing I can be quite sure is that most of today PM tradings (based on the volume/trade as I see it) are being done by retail traders/investors and that means we are seeing FOMO, greed, fear, and risk tolerance at work.
cbb I have some "wishing" target in mind BUT I'll take action based on volume, changing up/down rate, market/trader sentiment gauging, and my instinct. For example, I did close some of my short shares PM this morning.
jasbg you're very welcomed & thank you for Bruce Guthro's utube, beautiful song & scene. Never heard of Bruce Guthro before until now.
Kiwi, I'm not that BOLD (or stupid LOL!). My shorts were above $1.60 (since AH yesterday and today). I'm quite comfortable with my position.