Amarin Corp Plc (AMRN)

[FlyFishingStocks]

J -

Fair enough - its a complex game.

Problem is where we Start (why this IS a 100% manipulated stock IMO)

It is a pretty simple game actually; stocks go up and they go down. TA/ programmed trading trumps that activity.

The vast majority of the time, stocks track the index they belong to. Rarely, will they diverge from that index.

AMRN is not 100% manipulated. It is traded like any other Biotech with negative earnings (shorted till there's no tomorrow).

It just so happens that as we approach year end, the Russel 2000 and biotech index is selling off in favor of the Nasdaq. This rotational market behavior is a big concern. The broader market is very weak, while a few tech behemoths drive the index to a new high = the markings of an unsustainable top.

This, among other reasons, is precisely why I believe risk couldn't be higher for a long position in AMRN.

There are few (if any) fundamental supporting metrics (P/E, P/S, EPS, etc.) combined with a very dismal red TA chart dominated by lower highs and a fresh break of a support trendline confirmed by volume. That combination takes 'magical hope' to overcome and turn profitable... even for the new guy at the Denner table.