Amarin Corp Plc (AMRN)

[smarterer]

Just wondering how you and others came across AMMRN and why you stuck with it .
I remember you were actively discussing AMRN on the Yahoo board ....then after Adcom did you just set it aside as " sunk cost " and forget about it until recently.

Hi Kiwi,

I've blamed you on this board for my foray into AMRN. Been a long time--think it was Feb of 2011, but maybe it was 2010--had been playing around in Oncolytics, a Canadian biopharm that was looking at ways to use a proprietary reovirus to treat a number of things. For a while it looked promising addressing e. coli infections... But that failed, and I was looking for ideas. Think I saw a convo between you and DewDiligence on his iHub board, and some mention of JL as a pretty bright guy.

Looked into AMRN on the Yahoo board, read a lot of informative postings, discovered that you guys weren't wrong in calling JL both bright and at times a bit abrasive. Having grown up in NY and NJ, and gone to grad school in Boston, 'abrasive' just sounded 'straightforward' for the most part.

After Adcom, I sold out (25k shares at the time) completely as it was dropping. Got out between $6 and $3, trying to preserve capital. Knew it was in trouble for a while, but also knew it had tons of promise, so kept it on my radar. Meanwhile had some interesting life challenges that took precedence, but in 2015 life stabilized, and I accumulated several thousand shares over the ensuing three years. So for me it wasn't a sunk cost, but a belief that this was likely--I put odds at 80%+ in my internal analysis--to be at least modestly successful. (One of the lessons the economists at Harvard drummed into me during grad school is that you know more than you think, so attempt to quantify everything. Those that do are more accurate forecasters than those who do not, even though you may be wildly off at times.)

One of the reasons I like these chat rooms is I learn from everyone. Psychology/mood can be really informing, and I get lots of ideas to look into for new investments. Also get challenged on my thinking, also a good thing. You are particularly adept

Anyway, that's my story. Curious to hear others'.