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Whalatane

06/03/23 1:55 PM

#410137 RE: JRoon71 #410132

Yes moving the needle now .
Where is FFS when we need him ? It looks as tho we have broken above the very short term ( 1-3 mth ) down trend line . If this holds then those short , based on TA are likely to cover their short positions .
A week or so ago the debate seemed about how soon we would test $1 .
We may now be able to break the lower lows trend at least ...so instead of the needle moving lower we may be now moving sideways to up .

I'm not predicting $5 or anything like it soon ....but if sales pick up in the UK , keep market share in the US and they can control costs / use up long term inventory ...then IMHO we have probably seen the bottom.

JMO
Kiwi

Birdbrain Ideas

06/03/23 4:07 PM

#410143 RE: JRoon71 #410132

Yeah, I agree. The needle is not moving at all. The market has been in rally mode because the fake federal budget crisis was averted. So Amarin has drifted up a few pennies on some days as a result. But the absence of news will allow it to keep drifting toward its annual low on miniscule volume. Doesn't really matter. It's just out of action until it's back in action, assuming that day one day comes.