Replies to post #377560 on Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Sabre,

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?

Yes, I thought it was a buying opportunity for you if you were looking to lower your cost. Your strategy and outlook is completely different than mine.
Again, here's what I wrote:

This is your opportunity to buy more. I believe we'll see a strong bounce after the open as shorts seize their chance to cover at a spike low.
This could be the red arrow I projected in the chart I shared a few days ago.

I am a short term trader. Today I entered at the open and sold on the first intraday pullback for a +17% gain. I have not advocated holding AMRN; only trading, until certain conditions develop.

Is the low/bottom in? It could be, but has yet to confirm. ( it has to follow through).

All I can share with you is what I am doing and have done since FDA approval and that is buy deep reversals and sell after a pull up to falling resistance. Hopefully that changes one day and I can begin to buy at rising support and sell at resistance or hold long term. But my strategy/outlook is different than yours.

If you have confidence in the future of Amarin, then this is a smoking deal for the stock and it would be stupid to sell.

All the best,
ffs