Amarin Corp Plc (AMRN)

[jessellivermore]

tke....

Quote: "Why did you shave your holdings down to 30%?"..

Fair question...Ans..Initially I made a huge mistake..If you go back to Du's decision...I think most of us were caught by surprise..We had been waiting day after day for the decision and it seemed like it never was coming..So I was sleeping at the switch..In by the time I became aware of her decision. The shares were between 5 dollars and six dollars.I managed to sell about 50% of my position at that level.. And later bought shares at $4...

Truth is Amarin was not my biggest position...I was still like most of you..my head was spinning..and I knew at best Amarin would need to go to appeals and that was going to be another crap shoot.

I had pretty much the same reflexive view that most of you had and still have...But over the course of time I began to understand that the Generics were not going to do the Merry Widow Waltz into the R-I indication..and that Generic Lovaza was going to be a huge impediment to them in making any money..And I think TEVA (who sells gen Lovaza) knew that and that is why they settled for peanuts...

I am currently very bullish on Amarin..and believe I understand the situation better than almowt anyone who is not TEVA or the unfortunate Generics...

But I do also like another issue other than Amarin...

":>) JL