Replies to post #392245 on Amarin Corp Plc (AMRN)

[ralphey]

Whats the impetus ?

[KnowNothingJonSnow]

But you sold prior to earnings so you’ve missed all these gains. What a shame!! For someone who always knows how and when a stock will move you sure have an abysmal record.

[Whalatane]

Wow ...Go big or go home . Have to respect the fact that you'll make such a bold prediction .
Hope RESPECT-EPA doesn't turn out like the Simvastatin / Ezetimibe trial where the addition of Ezetimibe to the Statin was stat sig better then the Statin alone ...but not a Gr8 risk reduction .

I think the German Health Dept was using this trial in their evaluation re reimbursement

Good luck
Kiwi

[Invest83838]

LOL Love You FFS

We all need to hear what you are predicting

But I will be shocked if what you say comes true

Since, Well......this is AMRN

[FlyFishingStocks]

Anatomy of a Price Squeeze

The bottoming process (following a gap down fall out (May plunge) nearly always involves the development of a price squeeze before shorts cover and prices breakout sharply above the 3+ month price range and the "bottom is in".

This chart clearly shows this setup:


We see a quadruple divergence between price and momentum. Each low that is probed is done so on a higher momentum low (tremor) while prices continues to decline towards the point of breakout.

Notice the Bollinger Bands wrapping prices tighter and tighter. This is tantamount to an extreme buildup of pressure prior to a volcanic eruption.

Volume rises sharply upon resolution and what little overhead resistance gets blown out until the 200MA is reached (2.05).

Also a chain reaction of positive TA propagating events is ignited:
1. Signal line crosses the o lne
2. the 20MA crosses above the 50MA (golden cross)
3. Bollinger bands expand and turn up
4 May gap fills.
5. Analyst upgrades

All of these occurrences trigger short seller stops and accompanying automated buy programs. The combined rush of accumulation, further squeezes remaining shorts and attracts increased buying. If events accelerate through #3, it is usually sufficient to lift prices to the gap fill mark at 2.64.

This analysis is IMO. Throw stones, call me crazy, call me a clown....don't care, because I enjoy making money :)

[tke458]

I hope you all Re-read this prediction from FFS. He was flat out wrong. No opinion here. A flat out fact. No name calling either. It simply got no where near where he said ($2.08) it would get to by 11/7.

I am glad for the increase today on fundamentally good news on strong volume (not awesome news because of the borderline statistical significance on the primary) but very good for the reasons previously articulated (Respect along with In Vitro IMO end any sane persons Mineral Oil concern along with RRR that correlate nicely to Jelis and Reduce-It.

Allow me to make an analogy for you baseball fans. FFS’ $2.08 prediction is like Aaron Boone defending Josh Donaldson using stats (eg. Excellent defense and on base percentage). I’m a numbers geek and absolutely appreciate the value of good defense and getting on base but if you simply used common sense, you know Josh Donaldson needed to be benched in the playoffs as he simply looked overmatched and seemed to strike out every time runners were on base.

Many of us knew that AMRN would get no where near $2.08 today because we employed common sense. We have seen how it trades (often downward on good news).

All that being said, I “feel”, and this is a gut feel based on all of the info out there (and which many of us have posted about) that a corner has been turned.

Good luck to all AMRN longs