Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Michael, I agree with you. I think we are beginning to see big funds/investors acquire positions. The high volume consolidation above the $3.00 level of support definitely represents a support base moving forward.
The bears (Pyrrhonian & Co.) only see an overbought top, supposed breakaway gap + announcement of dilution, and are in hope of further downside follow through. It’s not working out their way though. Instead, huge demand emerged at the 50% retrace to support the share price and now we seem poised to follow through to the upside. They have to be nervous based on the fact that this will be their 3rd losing short trade since we climaxed.

(Note the numerous green/blue momentum bars since breaking resistance)

I think AMRN takes out the recent high next week and then accelerate up. Management appears to be executing a carefully crafted business plan and I think we see more items on the agenda unfolding this coming week.