Amarin Corp Plc (AMRN)

[FishyFingers]

We are still about a month away at least from the 967 PR in my opinion. My prediction is mid-May. Until then the stock will remain under professional accumulation and continue to trade in the range it has been trading in the past few months.

The 967PR will then act as a starting gun and the stock should see a pop on the back of it to signal that we are off to the races. I would predict a pop up to the $3 range on the back of the announcement.

We will then see a nice speculative run-up in the 2-3 month DMC analysis period prior to their recommendation being announced. The run-up could see the stock price go as high as $10 considering the magnitude of the event should a halt be recommended. The chart action in the days preceeding the announcement will be a dead giveaway as to which way the recommendation will go.

There is no cause whatsoever for concern re the stock price at this stage in the game. If it is still trading at $1.50 at the start of July then you have every right to be concerned. I guarantee that it wont be trading at $1.50 or anywhere near it by then.