Amarin Corp Plc (AMRN)

[Anonymous Fish]

Yes, I called it on here before it happened.

Also called the drop in price this week with others doubting that there would be any drop:

I said the share price will drop back down well below $18, more than likely into the $14's, on less volume than it did last week. I also said the price will have recovered by the end of the week.

ziploc_1:

"I doubt it....The take down last week was kind of a perfect storm"


BostonTrader:

"There are a few reasons I don’t see a retest or even getting below $17. The first being that option open interest is not anywhere near as high as it was last week."


Went down to the low $16's. Volume 140M last week; 26M this week which is significantly less volume than last week irrespective of the holiday and half day today. Will close around $18 - $18.50 today.

The fact that it wasn't taken down to the $14's tells me that they will be back again at a later date. I see low $20's next week and the week after. Will more than likely bounce off the resistance around $24 end of December and head back down during January and February. By March it should be on its way back up again IMO.