Replies to post #420539 on Amarin Corp Plc (AMRN)

[rosemountbomber]

I am also hoping that the MarketEdge piece that ORBAPU posted plays out. Buying stopped after we went touched 1.30 and profit taking ensued for a number of days after. It is now oversold, the momo guys have taken their profits, and this is ready to climb all by itself (well not by itself but without necessarily the need for Denner's gang to get involved). So hoping that by Tuesday night we are well above the 1 buck mark.

[JRoon71]

Jasbg, is this just your gut talking, or do you have a good understanding of SEC rules regarding insider trading?

Captain, Exactly. Besides that - their 'friends' can trade personally for that matter - 100 ways to trade legally keeping the SP above $1.

And when you say their "friends" can trade personally, who exactly are you referring to? Because friends (personal or business) cannot trade on behalf of another insider with inside information.

Again, not saying this situation would qualify as violating insider trading if there is nothing material coming out in the earnings release that could potentially swing the stock price. But Denner has been sued for this once, I'm sure he doesn't want to get wrapped up in it again (I read the case, it's pretty clear what Denner did, and it was illegal).