Insurance is for the unforseeable damage that you can't recover from. So Rose, I believe in Vascepa and in Amarin's ability to either execute on the R-IT indication or sell at a premium. So then what could go wrong? We haven't seen the study results. What if a result is questioned or even mistaken? What if all biotech craters due to something unforseen? What if Trump gets impeached or starts a war? What if the tariff spat with China escalates us into a recession? We don't know what MIGHT happen. I do know that if shit hits the fan at worst I can sell my AMRN for 15. That allows me to sleep well since that's 5X where it was on Sep 21. And I can reap the expected future gains without looking over my shoulder or selling to take my profits.
Rose ..I have use stop loss orders a lot ...usually set 20% below recent highs . Recent example was in OMER..... that otherwise would have been a significant loss . They don't work well for binary events where the data is released pre open and the stock can either open up big or down big ....but for announcements during the day that may have adverse affects ...in my experience they work well. Usually I will stop loss 50% of my position if for no other reason then to reassess why I'm in the position and if the news that caused the stock to drop is a transient issue ( unfounded short attack ) or something material . Good luck Kiwi
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