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FlyFishingStocks

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FlyFishingStocks

Re: Sam81 post# 77442

Tuesday, 04/12/2016 8:31:43 AM

Tuesday, April 12, 2016 8:31:43 AM

Post# of 427872
Thanks for the update Sam.

The biotech industry group as a whole got creamed during the recent correction. Many traders are still short this group (IBB short interest ratio = 7.90), setting up squeeze conditions as investors move more towards risky/speculative investments.
AMRN has mirrored the group with its latest trading behavior and all things seem to be in sync: high short interest ratio, bullish squeeze pattern, a recovering general market, recovering industry group, powerful fundamental news coming.
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  • 5Y
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