Replies to post #184696 on Amarin Corp Plc (AMRN)

[jfmcrr]

It seems that they would if they could acquire enough shares quickly before they are required to file with the SEC. Even if they weren’t able to accumulate 51 percent and then made a buyout offer, it would only be for the remaining shares.

There is the equivalent of a gazillion horsepower of computing power working on filters and analytics trying to pick up an edge and looking for action that tell's a story. AMRN didn't launch when the ADA news got out. It launched when it broke the top bollinger band on the day's highest volume. (Got it with an eyeball and a suspicious nature, myself.) Someone else would likely try and come along for the ride.

[Crikker]

If a company tried to acquire even 25% (just shy of 100 million shares) the incremental purchasing along with trend following traders would drive the pps quite high very quickly

[amarinbullfromchicago]

I have a friend who’s an activist at a large hedge fund (meaning their strategy is to buy 5-10% of a company and get on the board of directors and impose what they think will help the company appreciate).

The companies he’s buying are blue chip, 100-200bil companies, and they acquire slowly, over weeks. He estimates him buying 3-5% of a large, highly liquid company (S&P 500 sized) usually moves the stock 5-8%. For a company like amarin, buying 3-5% would probably move us 12%+, and trying to buy over 10% would cause us to add 50% in a day. We don’t have enough large players playing both sides consistently to provide that liquidity. Remember, most shares you buy or sell are going to a market maker, and he’s trying to lay off the risk elsewhere. After a certain point they turn around and hack their position and stop providing liquidity one way, and that’s when you see the massive moves.