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Re: FlyFishingStocks post# 402470

Monday, 02/20/2023 2:10:47 PM

Monday, February 20, 2023 2:10:47 PM

Post# of 425975
Small AMRN investors have been played again by big money:



1- JPMorgan is made aware of Sarissa’s intentions and ignites a short squeeze with an AMRN upgrade
2- Sarissa announces intentions
3- JPM clients sell into strength at the down-trendlne resistance.
4- More distribution as prices fail at falling resistance.

This price action was very predictable. Just like in 2021 when prices rose 74% from 1/7 to 2/3, they fell just as fast, down to 0 gain by the end of February.
An engineered exit for some privileged HFs on the heels of the proxy vote is what we are seeing here.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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