For the record, I am long. And have been for quite a while (TPIV). That being said, we are below all major moving averages and in a downtrend, so no TA guy owuld touch us with a 10 foot pole. Everything in the pipeline is Phase 1 to in phase 2. As far as I know we have had no Phase 2 results yet. UNTIL those come out all we have is bits and pieces of info and hopes and dreams. And they just screwed up getting into ASCO. Not a huge deal but that means we get no tradable data till July.
So what is the current catalyst? None. Future is very interesting, but at this moment, there is no reason for large consistent buying or for shorts to be covering. There is far more reasons for buying in AMRN, but it is not getting much if any either right now.
Am I believing in the future here? Yes! but just accept the fact, that there is no reason for this thing to go up until we get a good Phase 2 result.
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