Amarin Corp Plc (AMRN)

[Birdbrain Ideas]

I've never been less bothered by a 10 percent drop by Amarin. For one thing, I think the last two earnings calls and statements were purposefully dull, if not discouraging, by design in the runup to the stock repurchase. And it serves all of us well if Amarin does its buyback with the share price as low as possible. That's also good for the company as it shops itself to potential buyers. Of course, my mood is aided by watching CTMX go up dramatically today.

I agree that there will be catalysts in the second half of the year, and the company stated in the fall that it expects to finally get "meaningful" sales in Europe beginning in this year's fourth quarter.

I also note that the drop in price today is happening on relatively low trading volume considering that the company just announced its earnings. So I'd say the share price drop today and the accompanying doom and glooming is much about nothing.