Amarin Corp Plc (AMRN)

[maverick_1]

ggwpg re:

Scoreboard update: Maverick 2, FFS 0.

Thanks for keeping score.
I haven't read the board in quite a long while and see the level of frustration and angst that if I parsed through it: A MIGRAINE! for a well positioned AMRN??

Just to clear up my last post: MEANT to distinguish AMRN not being besieged by commodity like Streaming Service offerings. Was aware of Apple TV.

A PRIME example that I am intimately familiar with where it WAS a SIGNIFICANT DEATH CROSS WAS NWBO (Upcoming GAME CHANGER in Oncology: MRK will be IMHO doing DEALS with NWBO!) in which I have acted as the "JL" in many recent months.

AT LEAST AMRN clearly broke OUT of the precipitous ST decline line from $23 , in the last 7 trading days.

Today was yet another day of pulling away from the grind of 50 DMA/ 200 DMA:
POSITIVE Technical Indicators I focus on seen on a SHARP chart on Stockcharts.com:
1) MACD has MAINTAINED a POSITIVE posture since I began this thread.
2) Improving Relative Strength
3) Near the TOP of the Bollinger Bands
4)Chalken Money Flow has TURNED POSITIVE over the last few days.
5) Accumulation/Distribution has TURNED POSITIVE since start of Sept.

KEY Negative currently:
1) ADX plus : the DI (Red) should be turning down while the other 2 LEADS that of DI

ALL it takes is ONE noteworthy news announcement to sustain a higher price by JT to OVERTURN the DEATH CROSS of 50 DMA/200 DMA.

For NWBO to BREAK the DEATH CROSS in the last 2.5 weeks :
1) Neil Woodford did an abrupt BAIL losing 95%! on 26 mln shrs that was absorbed Bigger Capital (3rd ADD)
2)NWBO hired Dr. Kevin Duffy who has been with MRK's Keytruda success since it's beginnings.

So FUNDAMENTALS are KEY.

Here we have the damaging interplay of OPTIONS strategy affecting Common along with Algorithms that has IMPACTED retail shareholders IMHO.

That's why although I am a risk taker, NO Margin; NO Options.