Replies to post #406244 on Amarin Corp Plc (AMRN)

[FlyFishingStocks]

For a guy who supposedly is very knowledgeable about the market, you seem ignorant of sell the news events that happen with virtually all anticipated FDA approvals. Stock had run up in advance.

True, but in this case 'sell the news' on FDA approval of a favorable/broad indication led to a plunge in the share price - from 26.11 to 11.10 before a bounce ensued. That's a whopping -58% crash as a prelude to DU.

There is just too much circumstantial evidence (TA and FA-wise) to ignore the evil objective to destroy this company. For me, that 'sell the news' event forced me into a trading mode only - which to this day - has only provided counter-trend bounce trades to falling resistance that continues to decline into the abyss.

That's my opinion/strategy. Y'all have chosen not to see it that way - - that's your opinion. Those differing opinions are the very ingredients that make up a 'market' composed of buyers and sellers :)