Replies to post #316860 on Amarin Corp Plc (AMRN)

[FlyFishingStocks]

2 stocks, AMRN vs MSTR

Both priced the same last summer with similar short positions and business as usual conditions. One invests $50 million of their treasury reserves in Bitcoin, and Whoosh! SHORTS ARE GONE.



AMRN, on the other hand, completely misses another enormous biotech/general market rally while the dark pool punishes the stock in spite of numerous positive announcements.

50 million is 8.0% of the 600million cash pile. If they used 8.0% in a like manner, it would launch the price back into the 20's, increase the capitalization, provide a hedge against adverse hedge fund activity and most of all, it would finally help rescue broken but loyal shareholders.

Think it's crazy? Watch many other corporations join the few with foresight and follow suit.

[couldbebetter]

FFS, I was trying to use humor to make a point. There are investors I
respect a great deal who believe Bitcoin will be worth over $1 million.
Gold has been accepted as a store of value for thousands of years and
its newly added supply is self limited to under 2% of all the gold
that ever been mined. I am not disparaging Bitcoin. As to the dollar,
in a round about way it is backed by gold. The US monetary system,
as imperfect as it is, has been useful in creating an economic system
that can do accomplish many great things, from getting a man to the
moon and returned safely back to earth as well as developing nuclear
weapons that can destroy a civilization. The US dollar works for me...
I can maintain a very enjoyable life with them and hope to continue to
do so for a very long time to come. No comment on MKTY?

[lizzy241]

FFS:
How do you know what the mkt cap is for Bitcoin since technically the supply is infinite? I've heard stories in the early days of investors buying Bitcoin the lack of sophistication was such that millions of dollars were lost because they misplaced their key or weren't smart enough to know the importance of protecting that key such as placing it on a USB. Have you considered what would/will happen when mining Bitcoin becomes a common practice and the supply is more than the demand?

Today, Bitcoin's market cap is less than 4% of gold's. This immense upside potential has also prompted other big-name investors to share their predictions that involve Bitcoin challenging and even surpassing gold with its $9 trillion market cap.