Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Agree, well said. I might add that one should never sell out just because it’s gone up XX% or because it is overbought. Short squeeze induced runs don’t usually end until they exhaust themselves on heavy volume as prices surge to extremes, similar to what we saw February – March 2015 (highlighted area)

Note how the stock stayed overbought (RSI - green highlight) for over a month as volume continued to ramp up. Even after momentum was spent and the pps had topped out (A), it still managed to retest the top on inertia (B). That’s the time to sell.

We are in a similar short squeeze right now and I don’t expect it to end for awhile. It may even continue until interim. As it all unfolds, don’t be surprised to see some big players grab a position or new firms initiate coverage with higher price targets. Buying will continue to feed on buying as the price rise sets up multiple technical events such as a golden cross (orange circled area). This is what we have waited for, gotta trust it.