Amarin Corp Plc (AMRN)

[jessellivermore]

Asymmetrical Bets...

I can understand that someone could be skeptical about whether V could or would lower CVD event risk...But even the biggest skeptic, one who thought the chances were one in fifty...Should not have bet against Amarin..and I stick to my earlier statement that a good gambler would have never backed the short side...This is far too much of an asymmetrical bet...

At two dollars a share there could not have been less than a dollar profit...The PPS going from two dollars to one..Several times in my life I have used the strategy of buying large amounts of shares substantially below a dollar...to bail me out of bad situations..GoSeek could testify if he ever posts on this website that both he and I used this technique to bail out of GTCB...shares at 11 cents that went to 90 cents on the announcement the FDA had granted an NDA...

There was no downside bet on AMRN...The upside was/is a minimum 50 times the downside...That means that even if the odds against V proving successful were ninety percent (ten percent chance V works)...on bet on V was still correct from a mathematical standpoint..And if the bet came in as all of you can witness, the payoff was going to be enormous...

I hope everybody on this board understands this and will never make this mistake in these situations...


":>) JL