Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It should be a crime to not get this life saving drug out there to as many as possible. Morally wrong to GIA at this point. Just sell the company..... everyone wins.
I been in this disaster since 2011. Have every right to be angry! “We have more offers than employees “....remember that gem from the other crappy Joe CEO?
Can they find anyone to buy this pig for $4 billion??? What horrible management. GIA has been a disaster. I can’t express my disdain anymore for this company.
Europe
Haven’t been following as closely as I used too. Do we have a time table for European approval?
Sitting on 6/18/2021 $8 calls as my only position Just checking if any news about European approval being pushed back, or if we should know well before June.
Typical AMRN. Anyone here who has been in since Marine or earlier knows nothing is easy for them. That was a thrashing. Holding my long term calls in hopes EU win comes and they can sell the company for $12+. As of now, out of all my shares and moving on.
As usual, we cannot catch a break.
Unusual option activity
9/18 $8 calls exploded today, 19k volume... someone took a 14k position in this!!!
Followed it in, got the 9/25 $8 to jump on
This is adding on to my 6/2021 $8 calls and long shares.
True. But this from the CEO and not peer reviewed. Those words mean more from an ubiased third party.
https://www.preprints.org/manuscript/202008.0640/v1
Not sure if this was posted yet.
Whatalane/Kiwi....good to see a familiar face here. Still long AMRN?
As we get closer to EU approval and appeal arguments....I bought back in, in my taxable account. Buying 6/2021 $8 calls. Good risk/reward....plenty of time for everything to play out. Still think we get pegged here between $6.50 and $7.00 until any real news comes out. +$10 with EU approval, +$20 again with appeal win.
Oh look, share price down 5% premarket. Why would they GIA in europe? Another great way to diminish shareholder returns. Dead in the water again until patent appeal results.
And forget about a BO. If this wasn’t purchased before all this mess, it will never get purchased. We are definitely overstating the “amazingness” of this drug for quite a long time. Lets not be the definition of insanity people.... we all cannot be smarter than all of the BP industry like we know something they don’t.
I would be surprised if this holds $6 over the near term. Even with EU approval I am not sure what moves the needle back to $10 anytime soon. Anyone know of a catalyst?
Been awhile....
Sold my taxable shares about two months ago to book the loss, kept all my IRA shares. Decided to nibble back in my taxable by buying 6/2021 $8 calls ($3 premium cost).
Haven’t been following as closely as I use to since the patent loss. How are we on Europe approval? How are we with patent appeal timeline? Not much on the public news front...hoping my fellow amaranians can give me a quick update of what I missed recently. Any reasons to be bullish or bearish....
Thanks!
I am gutted. 8000 shares down the drain. 9 years of holding this crap. What a waste of time and money I will never get back.
Just sell the fuc**ng company. Get me $10 and let me be done with this 9 year nightmare.
There is no brightside. Everything the company fought for is now dead. Sell Europe to the highest bidder immediately, and sell whatever crap you can get for the US.
Not sure how the rest of you are coping with this....but I am beyond myself.
Joined you. 300 more shares at $9.65. Insane.
Keep falling, I keep buying
$11.59!!!
Jesus. I missed my buy by 5 minutes and it dropped $1 in a blink.
Open market buys our C level leaders. Time to man up NOW
The tone has changed here. I was talking about the sky falling 2 weeks ago and you all thought I was crazy. Glad you all seen the light here. I sold 30%-40% equities for most clients when s&p was around 3100.
Next stop on s&p is breaking down past 2500. Hoping 2400 holds. Max pain in the markets still to come.
Earnings revisions and GDP numbers will be revised lower....we are in a recession right now. If we can get a handle on the virus and contain as best as possible, should start getting better over the summer and there is a chance by year end we start recovering.
Even if AMRN wins this case, who is going to do M&A in this market?? Hope I am wrong, hopefully someone wants to buy it on the cheap and we can exit the stock at $30 by summer and reinvest into the markets at multi-year lows. Pipe dream...but hoping for it!!
Can we get some open market buys by our dumb leadership??? Will help stabilize the price and finally instill some confidence.
Also been adding 250-500 shares on every $1 drop in stock. Breaks below $13 buying another tranche.
Good luck and stay safe everyone
This has nothing to do with banks this time. They will be less profitable as rates go to zero.
Energy company defaults, travel company defaults, casinos....going to be a doozy
Catching up on all the posts this weekend, thanks for the summaries of the PACER docs our fellow amaranians. Now the big question.....what will great news mean if the market keeps cratering?
I am worried we are on the cusp of another 2008 type of year. I been sidelining my clients the past week into cash and ultra-short bonds. I think the global supply chain is broken for the time being, which will bring about a recession, which will lead to companies laying off employees etc...... and if we start quarantining US cities all bets are off what that will do the overall market.
I sold all my stock positions in my brokerage and IRA accounts personally, except for AMRN. Maybe if this dips low enough someone will do a hostile takeover? Maybe some open market purchases by our fearless leaders?
We are in uncharted waters. This week had the same feeling as when Lehman went under: client reactions, pessimism, worry about the capabilities of government being able to helpfully intervene. I hope 2500 holds on the s&p....but won’t be shocked if we end up 2200 or so. Also the worse the economy and markets look, the better shot the dems have in November and god help us if Sanders or Warren get in the white house.
Bought puts on EWJ, EWY, EWI, LVS, MGM, TSLA. If the SPY has a relief rally this week I will buy some May/June puts on the SPY
Bought 200 more at $15. Will buy 400 if we go to low $14’s
I want open market buys by the management team. That would change my current mood. I’m angry, but I’m not going anywhere. If I didn’t sell at $26 there is no damn way I am selling at $15.
I just don’t want to see the stock at $13 when we win the litigation....a pop back to $17.....oh wow fun. Couple of open market buys will spur buying and confidence in what they have and what they are doing...which should help with investor sentiment.
Anyone happy today? Of course not. Boring earnings call...its all about forward guidance and has been.
The whole GIA theory is still crazy to me....one trick pony company, they need to sell. If there is no real BO offers, than I understand their insistence in GIA. And if there are no valid BO offers....why not? What the hell are we all missing. If this could be Lipitor 2.0.....why can’t someone throw a $30 offer out there at a minimum?
The patent result can’t come soon enough. We will be back in the $15’s by then.
Fwiw: I bought 200 more shares this morning...in anger
We learned nothing new. Revenue and EPS beat was nice...but nothing stopping this from drifting lower over the next few weeks
We learned nothing new. Revenue and EPS beat was nice...but nothing stopping this from drifting lower over the next few weeks
One snoozer after the other. Can we get a perky female to give updates??
Nothing stellar from the call. Need to get patent win then a quick sale of the company $30+ so we can all reinvest the proceeds into the market that will be -10% or more from this point.
Samuel L Jackson in jurassic park said it best....”hold on to your butts”. Bear market or correction has commenced.
More buying opportunities! LOL
Profits...I came to post this here too! I tried my best to help with the idiots who have no clue about V, even those who claimed to be a “physician”. I fought the good fight
https://www.reddit.com/r/wallstreetbets/comments/f7bvt6/amrn_earnings_play_67_upside_to_price_target/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Its a shame so many people still don’t know shit about how good the drug is.
January 2021 calls, $25. $2.80 per contract. Might have to jump in next week on these. This price is ridiculous
Invest....time for a good rumor to get started. Gilead? Amgen?? Start circulating so we can get this baby moving lol
Options - and the lawsuit outcome
Hey all. Instead of just buying more shares outright, I am considering adding Call options either last week of March or April. What I need help on....what is the possibility we get the trial outcome before March 27th. I am eying the 3/27/2020 $23 call options for $0.65, or the 3/27/2020 $21 call options for $1.05. I think this is reasonably priced and I am banking on a trial win, and seeing a 20% to 30% rise in the stock. I just don’t know if I am giving myself enough time for an announcement.
Is the 4/17/20 option date the best bet??
Angrily bought 100 shares at $17.60. Will add more if we break $17 (plus throw a keyboard against the wall)
Hello 17’s. Obvious with the two month window before generics settle this would happen. Raging bull market and this is still sub $20 is absurd.
Someone buy us out already
No worries James....I jumped on the tsla train yesterday morning at $855. Set a stop at $900 once it crossed $915. Got stopped out at the close yesterday. Quick $1,350 gain on my 30 share wild ride, fun day.
Once it finds a rational base I will go long and hold. All the dumb money has to bleed out first
Sts.... read this:
https://ark-invest.com/research/tesla-price-target
I been following Catherine Wood and her research for a few years. Met her at a seminar. She’s a force. I think this recent move is ridiculous in TSLA, but I understand and agree with the long term thesis. Worth a read.
Basically building the AMZN ecosystem and scaling it....autonomous taxi fleet, trucks, consumer cars, and the batteries which are a whole separate animal. Irrational exuberance in a FED driven bubble market...but, I still thing the price is higher than $1,000 5 years from now.
Separately. AMRN needs some explosive news to have an epic short squeeze....gilead’s nash drug being a home run? Patent trial win? New indication? Evaporate final results?
Sts....so this is how The Walking Dead started! Makes sense.
Couldn’t help myself. Jumped into the TSLA lottery ticket this morning at $855. As I write this, it hit $960.
Welcome to 1999! Where fundamentals don’t matter and everyone is paper rich!
If it passes $1000, will just put a stop loss and enjoy my quick gain.
TSLA up $100 in premarket. This is like a bitcoin type rise
Rose... been here since 2011. Nothing is quick with AMRN lol, but I much rather a buyout this year than holding this for another 9 years....
Absolutely would love a quick score.
Just stating my reasons why I think a quick score make more sense than the longer GIA route. Without additional indications, the GIA just doesn’t add up to more than $40 which I think we will get with a quick hit BO.
Kiwi...I completely agree with you on this. I have seen many people discuss the additional benefits of V, but without any clinical trials or formal R&D for indications....none of that really matters. Or am I wrong?
This is why I’m so adamant about the buyout soon camp. The closer we get to patent expiration without any of these additional indications....I am worried about the long-term future of this company. Why can’t we focus on selling the new expanded label...AND test out these additional indications, hell...co-run these study with a large BP to defray the cost.
For those worried about the overall market: buy puts on SPY and FXI
3000 level on the S&p should hold unless this virus gets really out of hand.
We get back to $17 i will be doing buy writes for AMRN (buy shares, sell covered calls simultaneously)