Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Raf, can always count on your smart-A response. Next one.. in the back of your shorts. As for AMRN, will suffer collateral technical damage from margin calls, but the breakout support should hold. That means it will continue to erupt, just going to take some time now.

The markets telegraphed danger dead ahead. Here's what I responded to BC on 6/16:

BC, It's been a strong market for a long time. I'm concerned the major indexes haven't been able to take out previous swing highs (in April and June). Now we are moving into a seasonal period that is typically weak for equities - especially Tech. Also, the VIX has spiked 80% in the past 2 weeks in response to seemingly bad news at every turn. With the economy weakening, and the disastrous political situation, I see investors more willing to sell at resistance versus buy at support right now. That being said, we are sitting on support and the charts are telling us to expect a healthy bounce in the next few days.

The VIX move was the forewarning that smart money was hedging their bets.