Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Denial, denial, denial. Take a look at my 6-21 post:

Post #131001:

"This is BAD news longs. We have a leak. Sold my entire position today.
I made a commitment to sell if resistance couldn't be broken, and especially if support is breached on heavy volume. In all likelihood we are seeing big money react to inside information.

Here's my take FWIW.
The company:
• Added a 2nd interim that failed to halt due to either insufficient efficacy or insufficient events or both.
• They had to extend the trial 3-6 mos to reach events – placebo issue? Kiwi's right?
• Wall Street is not buying,.. neither are insiders
• Insiders are selling
• Cantor F. is the only brokerage pumping… because they stood to gain from the secondary offering
• Secondary at the first of the year – in front of the R-It results – was a joke; a slap in the face of shareholders.
• Only one person on the board is bearish – Kiwi. The rest have doubled down till there’s no tomorrow and have laughed at the proposition of a hedge.


TA:




• Broke support .
• Can’t overcome resistance.
• Stalled at the 200MA
• Inverted head and shoulders pattern failed



• Broke correlation with IBB – (someone knows something and it’s not good)
• Every indicator points to the sheer lack of demand and ever increasing supply of shares.
• The vast majority of the volume since the dilution fiasco has been associated with distribution.

Unlike the placebo guess work, these are TA facts and they don’t paint a pretty picture IMO.
It is sad to say goodbye to this dream, but it is important to stay disciplined to the signals. The setup was hovering over quadruple support. For that to give way is ominous. TA tells us all we need to know. Price is king."

You possess logic of a typical day trader who never makes real money.

How do would you know. Sour grapes? LOL Day traders only need an edge that makes them right the majority of the time. Life is good.. for me. Maybe not for "Me33"