i - makes little sense to short AMRN this low because of the wide spread, unpredictability, and low dollar volume - making the stock price easy to move either way.
Why not short the indexes? UVXY + 23.42%, SQQQ + 16.5% :)
OK. your current position is to short AMRN..at around $1.50 ? The risks to this position IMHO Today was a low vol sell off . Any major player has probably sold whatever they want to sell ..BVF for instance . The earning report is out ...we know the bad news . So potentially good news 1) updates from AMRN regarding cutting expenses 2) Script loss to GV abating ( chk Raf's weekly numbers ) 3) Published decision from the UK on July 20th re reimbursement ...and probably similar decisions soon after from France and Germany . 4) Top line data from MITIGATE .
Re trading AMRN both ways ( short and long ) ...I have enough trouble on my going long decisions ...certainly not smart enough to do both . I'm either long or in cash and mostly with a 6 mth plus going forward view .
When would I add to AMRN if I added ...on a test of $1 with a VIX closer to 40 . Until then I'm fine watching from the sidelines. Kiwi
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