Replies to post #375583 on Amarin Corp Plc (AMRN)

[Number sleven]

FFS, Is $2.65 your short term price target for Amarin?
Sleven,

[Whalatane]

FFS. Try understanding how margin requirements now are very different then 1929

Initial margin requirement
For new purchases, the initial Regulation T margin requirement is 50% of the total purchase amount. So if you wanted to buy $10,000 of ABC stock on margin, you would first need to deposit $5,000 or have equity equal to $5,000 in your account.

Now for more experienced and larger portfolio's the margin requirement may be lowered to 25%

So for small accounts your position has to drop 50% before you get a margin call / forced sale .

Again ...in 1929 your position had to drop only 10% ...and it was automatically sold thus causing prices to cascade .

As I've stated before ... a retest of recent lows is a distinct probability .
A repeat of 1929 or your view ...a full reverse of the 2009 to 2021 bull market ...is not going to happen

Kiwi

[KnowNothingJonSnow]

And yet you bought last week around 3.50. What’s changed?

BTW - I hate your music…