Amarin Corp Plc (AMRN)

[jessellivermore]

Quite a day....

Hope everyone was entertained..The ride is not over and won't be over for awhile. Some of you have probably already decided to take the money and run..The old brokers who made their money on trades use to say.." you'll never go broke taking a profit..And you wont...but the biggest problem retail traders have is they hold onto their losers too long and dump their winners too soon,,

Some caveats...In the stock market it can be harder for a stock to go from one dollar to two dollars than it is for a stock to go from ten dollars to twenty dollars..A lot of the trading today was institutions. Because of the very slow movement upward you might get the idea this was either overhead trading (people who had purchased at a high price and held the stock..and now got out to break even) and some of it was...You might think the upward resistance was shorts ( there are not enough shorts to counter the buying) This action was institutions doing what they do when they want into a situation and don't want to get raped when they buy...So what they do is they buy some and after the price goes up they sell some which brings the price back down then buy some more...and if by each trade they buy a little more than they sell they accumulated stock for less money...This is sometimes referred to as "tea bagging"..

":>) JL