The man makes predictions in both directions, then he references the ones that work today. It's an ego play.
Ah,... no, it's a long or short play. It's called "trading"
LOL. Spoken by the the board's fearless leader - an astute 'investor' who thought the-59% crash(pink highlight chart below) on the heels of an earnings miss was OK.
He wrote this on 5/6/2022 (post # 376637 )
I don't think this is as bad as it would appear. We have known for a while that something was happening. We saw favorable formulary and pharmacy changes. Now we know how Amarin was able to accomplish this. I think in the long run this strategy should work. I expected that this would happen after we had achieved significant overseas sales. I guess Amarin decided to do it sooner. If Amarin can use these deals to box put the generic companies and increase our prescription count, I'm fine with the current drop in margin and share price.
Actually what we saw, or I should say what the chart showed, was a technical breakdown of serious support in a down trending price deterioration - clearly screaming that the strategy WILL NOT WORK.
I think Sleven's quote is the most bizarre response to a stock price plunge I have EVER encountered in the stock market...