Amarin Corp Plc (AMRN)

[everyonesguess]

About the "death cross":

Looking at the chart, a new "death cross" is forming and could be formed soon, but it will be a short-lived one.

After the $420M financing, the giant shorts (probably, they were the major buyers of the financing) shorted the stock to $13, then pulled it back to $17 or so. These treading earned them money in the scale of $100Ms paid by retailers. Now, 11/14 is about 60 days away. I expect to see those kind of treading repeat again with reduced scales towards 11/14.

However, the clinical data may change the treading pattern. If EVAPORATE data confirming RI, then the shorts will lose their shirts.