Replies to post #389385 on Amarin Corp Plc (AMRN)

[FlyFishingStocks]

he was calling for a big move to the upside last week.

Nope.

I've said MANY times over, absent of news - AMRN would track the XBI/IBB index... and it has done exactly that.

Without news, the stock will mirror the bio index
--posted last Friday (#388909)

While you have been holding an overweight position, this index mirroring and short term 'counter-trend AMRN trade has been my short term trade strategy.

As you are aware... my long term view of AMRN is profitable IF they get favorable data from upcoming trials BEFORE they need more funding. Because of that conundrum and the upcoming 1929 like market meltdown, I have warned of a likely price slide to $1.00/share. Many thought the recent FED announcement would signal a dovish pivot. Instead they went 180 and the market realized they can't control inflation and the market/economy is screwed.

AMRN is a trade, not an investment. That has been my mantra since FDA approval and the accompanying TA reversal of the trend.

[FlyFishingStocks]

Waiting for FFS to come and post some charts showing he was really short all along

Nope. Not short AMRN. I'm short the indexes via puts, but I have never shorted AMRN. Foolish to short a stock this low with such huge slippage due to the spread between the bid and ask (as a result of the low liquidity).