Replies to post #258387 on Amarin Corp Plc (AMRN)

[labner]

Louie

Thank you for a comforting post

[zmanindc]

Do you remember our Yahoo email group and all the edits to CPs, and was Dr. Ma a CP or other petition. We put something on change.org and even got the FDA in hot water with OMB for censoring comments. The real reason we stayed was JL and all the heck BB dished out on poor Janet.

Whatever happened to Gary?

[ak777]

Louie - very well stated

I have only been invested past few months and plan to remain so. Fortunately, due to sheer luck instead of skill really, I sold 85% of my AMRN position last week - and yet I still took a decent hit but I am of course very very thankful for my lucky stars. Reason for my goliath trimming last week was three-fold:

1. The broader market sell-off of a week back Monday & earlier created RELATIVE price dislocations - at one point last week SPCE was trading a buck lower than AMRN & I decided to jump to it via a big portion of the AMRN holdings. Why take a concentrated risk on a legal trial when the market crash provided ample opportunity to diversify? at one point within past few days, I had a 70% gain in SPCE in such a short time. spread out now into GBT NBIX NVCR;

2. Over past few weeks, a residual loss of confidence re. trial outcome after JT comments during the late Feb CC (he stating that "a loss will be a great setback....." - he just did not sound confident & rarin' to go and my own confidence re. the trial hence had a slow leak since then.

3. The broader market sell-off itself which would drag amrn sp down, trial win or not; I am still truly convinced we have not seen market bottom yet; covid is going to create rotating quarantines which will lengthen immensely the time required to return to normalcy, plus the economic fallout will take a long time to recover from, especially psychologically...

i will reallocate from other holdings to build up on amrn again..... I like the comments being mentioned here, plenty of hope...

[The Irishman]

louieblouie
That’s the spirit! Amarin’s not dead. There is recourse

It’s time to step back for a moment and evaluate options. Again, Amarin is not dead. We’ve come to far

[james murphy]

Hi LOUIE.hope all is well

[mrmainstreet]

Reading your post resonated as I feel much the same way. When I saw $4.50 I had to laugh because it's insane. This is almost the price before REDUCE-IT, before the second Adcom, before we hit 90k scripts, before we locked up EPA pipeline, before we hit break even, and before we had EU approval on the near horizon.

Unlike October 2013 I'm going to sleep fine, because I am a stone cold buyer at this level (although I think we bounce back immediately tomorrow by a couple bucks).

Either way, I'm going to go back and sell tons of covered calls and keep buying shares. IMO the company is worth way more than 1.6 billion.

Do I think we're going to get my $43 a share? No that is dead, but I still think we can get to $8-10 billion in a BO. I won't get my million in profit, but a half mil is still in play IMO.

Hope all my fellow Longs the best. The company still has cards to play and a killer drug.

[Invest83838]

Thank You Louie

After Judge Du Du's ruling yesterday,

I turned off my computer and spent time with my wife blowing steam off about Amarin, re-assessing retirement plans, and having a few brews

I slept about 5 hours and am now going through all the board's comments

and find many of them helpful

Of course there are the same couple of guys being debby downers but they are who they are

At the end of the day, I am like you

I have held for so long that what is a few more years?

No sense selling at 4 or 5 with the crowd today

Although this is no longer a 50+ stock

Hopefully we can sell somewhere around 20 in the future?