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Sabre2870

05/13/22 8:09 PM

#377560 RE: FlyFishingStocks #377553

Ffs, thank you for replying but I don’t think you answered my question. You thought it was a buying opportunity back on the fourth but you sold today. Has something changed in the T/A that caused you to sell today at a lower price point than it was back on the fourth when you thought it was a buying opportunity? Should I be looking to cut my losses? You seem to be of the mindset that it will start heading back down. Thank you.
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Whalatane

05/13/22 8:33 PM

#377562 RE: FlyFishingStocks #377553

FFS I was buying at $2.94 but IIRC I always state “ no advising anyone to do likewise “

The earnings report was a real negative surprise that tanked the stock

I have been buying down to $1.37 … and posted as such
Again …. Not advising anyone to buy ( or sell ) on what I do.

It’s impossible to pick bottoms IMHO
Markets go to extreme
AMRN at close to $1 with an EV value around $67m plus over $300 m in inventory is / was insane … especially considered the amount of cash they have and around 10 yr exclusivity in the EU / UK

So where could I go wrong ?
Putin uses a nuclear weapon or cuts gas supply to Germany .
EU / UK refuse to reimburse for secondary prevention
Those the the 2 main risks I see , to being long AMRN at this pt in time .

Kiwi