Amarin Corp Plc (AMRN)

[Mellowmood77]

Excellent post. Agree with most of everything.

Still do not agree with the FDA’s handling of the last ADCOM but have moved past it long ago. With the way they were advocating for us at the recent ADCOM you can tell they knew a “mistake” was made. Unfortunately, it cost lives.

Couple other things to add to why we should “RELAX”

Stock hit another 52 week high after 16-0 and Baker Brothers haven’t sold a significant amount of shares (and they easily could have with the volume). This tells you that they also believe the value of this company is significantly higher. And they have been on a ROLL.

Oppenheimer released a BS price target of $7. The desperation that someone wanted more shares cheap can be read in the charts. I don’t remember the exact numbers, but the volume following that Oppenheimer FUD was way more than it should have been. Stop losses were hit, retailers were had, and shares were transferred. Here we are now back in the 22’s and no one cares about Oppenheimer. They got the shares they wanted... for now.

A patent litigation loss would be catastrophic for the stock. Yet not only are Baker Brothers still here, institutional ownership is on the rise. Seems like billion dollar institutions think the patent case is a lock for us as well.

Have a great weekend everyone.