Amarin Corp Plc (AMRN)

[Planetrader]

I agree the timing of the offering was strange. Which leads me to believe that some new information cause it. GS and JPM as you all know were the runners and have a reputation to protect so my feelings are its positive. Imagine selling close to half a billion to wealthy clients and saying oh my bad. Could it be a better label than we expected? Could it be new guidelines-statement from AHA? Did we need to show the FDA that we had plenty of firepower for the label? Did we need to show BP that we have the cash. I am guessing that one or two of these to be the reasons.

On looking at the value of the stock since the offering and the emotions that go with that. I have stated on this board before Sept 24th what my holding were. I have not sold a single share. So yea it sucks and plays mind games with you. Its not everyday you lose a couple of million. I don,t get too excited when it goes up 5 and the same when it goes down 5. I am not planning to holding this for another 12 months unless BP buys it out with shares. I will then lighten my load and keep a small amount.

Its my opinion GIA is not a good strategy. It will take too much time and BP has the structure in place today. Their margins would be a lot better. One sales rep to sell several products to the same Dr. Reducing the sales cost and expense. I do not believe JT or his leadership really wants GIA. Most small Bio's leaders love a buyout on there resume.

Last thing is the BB. They should report around the 15th. That could give us more clues. If they sell some it will hurt the stock. If they buy more or hold it will help the price and give us some assurance. I feel that could be the last possible negative event before label expansion. The next 60 to 90 days could bring another 3 year protection, a label that we did not see coming. The evaporate study that could be historic. Exciting times are ahead but could be in for a little more turbulence.

The real last thing. JL don,t worry about us "lucky" ones that would not know how to invest our winnings and losing it. Its called 10% cash and the rest in low cost index funds.

My average cost is 3 and my Price target 34.