Amarin Corp Plc (AMRN)

[vinyyy23]

Catching up on all the posts this weekend, thanks for the summaries of the PACER docs our fellow amaranians. Now the big question.....what will great news mean if the market keeps cratering?

I am worried we are on the cusp of another 2008 type of year. I been sidelining my clients the past week into cash and ultra-short bonds. I think the global supply chain is broken for the time being, which will bring about a recession, which will lead to companies laying off employees etc...... and if we start quarantining US cities all bets are off what that will do the overall market.

I sold all my stock positions in my brokerage and IRA accounts personally, except for AMRN. Maybe if this dips low enough someone will do a hostile takeover? Maybe some open market purchases by our fearless leaders?

We are in uncharted waters. This week had the same feeling as when Lehman went under: client reactions, pessimism, worry about the capabilities of government being able to helpfully intervene. I hope 2500 holds on the s&p....but won’t be shocked if we end up 2200 or so. Also the worse the economy and markets look, the better shot the dems have in November and god help us if Sanders or Warren get in the white house.

Bought puts on EWJ, EWY, EWI, LVS, MGM, TSLA. If the SPY has a relief rally this week I will buy some May/June puts on the SPY