Replies to post #57431 on Amarin Corp Plc (AMRN)

[jessellivermore]

Looks like we are going to have a little lift off this morning..no predictions as to its duration. Interestingly this kind of reminds me of junior 1987...Down fast and back up fast...but who knows what the future brings.

":>) JL

[Sam81]

edited -- if my time&sale is accurate, 1.58$ was printed for few seconds, with just 500 shares executed at that price.
I just checked the trading prices on Monday, a total of only 24,900 shares were traded after dropping below 1.70$ in both ways, ie down from 1.70 to 1.58 and back up to 1.69...such a small volume causing this huge drop, whilst on the other hand it needs a huge volume to increase pps back to normal level as before ($2.50 + level)

[Ray]

The $1.58 was on roughly 222,400 shares according to Fidelity charts. While this is not significant volume, it does represent the panic induced across the market. For example, we saw similar moves with GE and almost every other Dow component across the board (hence the Dow down 1,000 plus). Here the point: fear was rampant at the open driven by high frequency trading. I also saw something similar to this a couple of year's ago when we had a mini flash crash during the recession. What was ironic then was many of those equities ended up re-testing those levels at a later point in time.