Amarin Corp Plc (AMRN)

[FlyFishingStocks]

9/6/16, a date that will go down in infamy for AMRN?
If the data has been analyzed by the last week of August (possible) and it has been found to show overwhelming efficacy (as many have predicted on this board), then Sept. 6 could become a very important day. 3 reasons:

1. WS Traders return to their desks post Labor Day, ready for action. Very strong volume will be back in the markets.
2. The broader markets have consolidated above 16-day support for 12 sessions and it appears like the consolidation will continue through the end of the month. The consolidation pattern looks ripe for an upside breakout.
3. Management has wiggle room as to when they strategically decide to announce the DMC halt recommendation. Sept. 6, enables them to announce on a day that will give them the biggest bang for the buck based on the above, as well as the likelihood that September is a vesting month for management equity.

If this is to occur, the telltale sign will be how the stock behaves next week - particularly Friday 9/2. By then, insiders will know and some will act. We should see a very healthy, high volume rally (in call options and shares) on “no news” which will portend the big news release on the subsequent first ‘post-summer’ trading day.

This may or may not occur, but if the signs develop and you have dry powder, it could be the opportunity of a lifetime.
BTW, here is a link to a paper describing CEO's discretion in terms of timing press releases: When It Comes to CEOs, Equity and Press Releases, Timing Is Everything