Amarin Corp Plc (AMRN)

[ronpopeil]

yes, it's frustrating but i am still very confident in AMRN. you have to remember that when some of these big institutions first bought AMRN, it was trading at much lower levels. for example, abingowrth could pick up 15 million shares and only pay about $15-$20 million. that's a drop in the bucket for them. much to their surprise, marine results were blockbuster sending the stock price through the roof. their original $15-$20 million investment was now worth well over $100 million which is no longer chump change. as any prudent institution would do, they have decided to take some profits. i would certainly do so as well. remember, they still own a lot of shares which translates into a lot of money invested in AMRN. i guess i would be more alarmed if they dumped their whole position but on a percentage basis, it's not a lot. moreover, as you have seen over the last several months, new institutions are buying shares even at these higher levels. you know, i get the feeling that the shares that are being sold are being bought up by new institutions. remember, if these guys are selling because of bad news, that is insider trading.

moreover, the company continues to announce that they expect fantastic anchor results. if they were luke warm about them or were really unsure, i don't think they would be mentioning it so often. they would probably just passively mention that they hope for good results. listen to the presentations over the last few weeks and they constantly hammer in the idea results will be strong. if this is the case, the stock could go parabolic.

keep the faith. as we get closer to the time of when we expect the anchor results, i expect a quick surge in the stock price. results may not be out for a few weeks at least which is an eternity for investors. in the meantime, big institutions will shift shares around, drop the price so they can get in as low as possible before the next big run. they do this in a way to frustrate the little guy and scare them into selling. it's a psychological thing almost. if you believe in the company, hold on.