Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Sarissa's plan all along was to profitably "trade" AMRN (up and down) beginning with the share price spike just after tax loss selling had ended to begin the new year - leading to a +94% rally up to 3-top resistance.
Then they were able to profit trading short during the ensuing -48% crash on the heels of the proxy war chaos.

This is why we heard squat from them. Denner left WS in the dark to attract the price devouring wolves.

The first indication of the completion of their short trade covering was 10 days ago when prices began to base along gap support. The subsequent AB and earnings date announcements were BIG clues of their position reversal and intent to begin to talk it back up through a succession of PRs and possible BO rumors.

There is massive overhead resistance. No way can this stock rally through such resistance UNLESS they give a strong indication of an imminent merger or buyout. How high can this runup if they do?

This chart shows the 50% Fibonacci retracement from top to bottom at 13.88.



With a high short interest ratio, bottomed out price structure, new plan for EU/US revenue boost, and buyout rumors... it is very possible to witness AMRN climb to test the 50% retrace at 13.88 before a buyout. This level also coincides with the lower border of the post R-IT channel and the pre-DU breakdown/retest area/gap fill.

If this were to happen, Sarissa could re-wallpaper their office in gold leaf!

Incidentally, Sarissa was able to induce such a runup or higher in nearly all of the companies they packaged for buyouts.