Replies to post #377774 on Amarin Corp Plc (AMRN)

[Jasbg]

iwanderer, Thanks a lot for an inspiring answer - which I have saved !
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And your right - those I have read do as you - are the most (maybe only) as of now satisfied investors here. I'll give it a try for a couple of months - and let you know how it goes !!

I think reason most people do not swing trade - is the thought of being 'on the wrong side' - on the BO that might never happen - that has been my (maybe subconscious) reason for NOT swing trading AMRN anyway :)

[FlyFishingStocks]

i -

AMRN usually/mostly DOES NOT stay GREEN 4 or 5 days in a row. 2day will be 4th GREEN day

Agree. Traders adhere to the 3-, 5-, and 8-day reversal patterns. Stocks rarely extend beyond the 5 and 8day periods before reversing and resetting. This also applies to the all stocks universe - including the indexes.

For example the S$P500 index is on a 4 day rally. It will likely reverse tomorrow once resistance is encountered and short sellers reload.

AMRN shares the same pattern and will likely retrace tomorrow.

Simply following this pattern can make you a ton of $ - especially the 3 day pattern - as it coincides with naked short covering requirements to prevent SEC reporting.

Congrats to your trading. You are one of only few who perceive the value of ringing the register at short term tops, interim tops and major top reversals.

Unfortunately so many who fail to see it this way have held through thick and thin - many of whom have also loaded the boat on the way up after the R-It excitement.