Amarin Corp Plc (AMRN)

[Lrich]

My bios were green mostly

I do see some red bios, but both the IBB and XBI are green.

So that basically tells us very little. What I saw was a little different though.

The initial dip below 5 was an "oh shit, here it comes" feeling. Then it just flirted with 5 the whole day, which to me looks like the selling is over, and it's time for buyers to put this back at 9 like I said should be happening next week. It wont take much from management to get it there, the only question is, are the working for shareholders or not?

Bottoming here, going into the weekend, what we should see is a reversal upwards, to approximately 5.5. However, if the narrative is still bad because they have failed to take my advice, it could stick at 5.



Moving forward, next week, we should PR after PR in support of the incoming CEO and his forthcoming discussion on the European opportunity.

We should also be seeing COVID news.

These will serve to prime the price for a bounce back to the EMA levels of 8-9 mid next week as the EU is discussed in depth.

The only "speculation" as Cramer would put it, is will management do what is right? If they don't and instead choose to fail us shareholders, expect a drop to fill the 3 gap, heck maybe even lower as costs mount and revs drop.