Amarin Corp Plc (AMRN)

[ak777]

Louie - very well stated

I have only been invested past few months and plan to remain so. Fortunately, due to sheer luck instead of skill really, I sold 85% of my AMRN position last week - and yet I still took a decent hit but I am of course very very thankful for my lucky stars. Reason for my goliath trimming last week was three-fold:

1. The broader market sell-off of a week back Monday & earlier created RELATIVE price dislocations - at one point last week SPCE was trading a buck lower than AMRN & I decided to jump to it via a big portion of the AMRN holdings. Why take a concentrated risk on a legal trial when the market crash provided ample opportunity to diversify? at one point within past few days, I had a 70% gain in SPCE in such a short time. spread out now into GBT NBIX NVCR;

2. Over past few weeks, a residual loss of confidence re. trial outcome after JT comments during the late Feb CC (he stating that "a loss will be a great setback....." - he just did not sound confident & rarin' to go and my own confidence re. the trial hence had a slow leak since then.

3. The broader market sell-off itself which would drag amrn sp down, trial win or not; I am still truly convinced we have not seen market bottom yet; covid is going to create rotating quarantines which will lengthen immensely the time required to return to normalcy, plus the economic fallout will take a long time to recover from, especially psychologically...

i will reallocate from other holdings to build up on amrn again..... I like the comments being mentioned here, plenty of hope...