Amarin Corp Plc (AMRN)

[jessellivermore]

Mind boggling.......

So much going on I guess the board members must be dumb struck seeing the lack of posts last night after such a great day (for the longs).

I just read "williams" long note on the Abbott-Tevo situation and how it might set up a GSK-AMRN play..Personally I see a lot of creativity in the thinking, but I do like the fact he suggests the buyout could be much higher than most estimates...At present I do not see any "buyout" lurking in the near future...

I seldom post on share price action, my last important post was before the company announced they would self launch..I predicted they would, and I predicted there would be a negative effect on the PPS...I admit to being surprised that the hit on the price was as severe as it was. I was shocked the PPS fell to below $7.00.

Board members look at me as a guy who knows about science, but is naive about the market..I have been- active in the stock market for over 40 years and still have a roof over my head..I study financial history and the market with all the rigor I put into the science..I am familiar with technical trading as well as fundamental..Have traded options, turtle trading, swing trading, day trading, and am familiar with hi frequency trading in several methods from market making to options.

Jesse Livermore was a famous trader who traded in the early 1900s. He was famous as a short seller, but actually played both sides of the market..depending on market conditions..In 1931 he was brought up before congress accused of causing the the crash of 1929..He is given credit by some historians for establishing "technical trading"...although JL never used charts...he kept ledgers of daily prices, and traded off inflection points..There are a number of books still in circulation on JL and his techniques..they are worth reading..He committed suicide in 1941, not because he he got wiped out (he was a millionaire at the time) but because he had depression.

I do not like to post price predictions, because it is embarrassing to be wrong..That said..I am sure both JL and William O'Neil would be licking their chops over the current technical action of AMRN...(and be going long)..

":>) JL