It's getting there on time to add more, not quite there yet but Market cap is below fire sale price at this point so key is to look away and come back in a few months.
The next 2 weeks will have good scripts, then the first 2 weeks of July have many vacations so will be down seasonally, then the second half of July I will think about adding but may wait until before Adcom.
Will also need to work through the irrational fear of the FED easing off.
If the economy falters FED will continue bond buying yet market sells off on fear economy will be hurt by fed policy change...?
Will get the 10% correction and market will stabilize,
Not sure I see a strong run in AMRN until closer to October Adcom, followed by Anchor partnership with BP which will be the key to whether we see new highs this year.
The ISIS news probably hurt the price today but is an injection, is only in phase 2, is focused on a particular subset, so for now is a non-competitor and as long as it is injection only will be a niche product compared to AMRN and be several years behind.
Omthera went for 443 million so AMRN is only double the market cap with 10 times the potential market.
We are all sick of hearing it..Patience, patience,...enjoy the summer and get ready for fall...one thing we can say is the final 3 months of the year will be very newsworthy...Adcom, Anchor Partner, Anchor FDA Approval, and NCE all likely in that time-frame so before now and October 1 sell some calls, wait to add, do whatever but watching the stock price daily for a LT investment probably not helpful...unfortunately management is executing fine on GIA but WS needs to see Anchor launch details and we have a few months to get to that.
