Replies to post #4322 on Amarin Corp Plc (AMRN)

[Ajax133]

Technically I disagree. The stock has put in a double bottom,
roughly around 6.77-6.81. That said, the immediate future will
be determined by JZ's comments on the earnings call. What can
he say that would inject a note of optimism to AMRN's future ?
Lovaza scripts were up 7% and Vascepa 1.2%. Not encouraging,
unless the silver lining is that Dr's are still supporting the
lowering of Trig's. If the company can somehow avoid a financing
before the Mixed Dyslipidemia approval, I believe the stock will move back up to the $9 range. These are all my major concerns going forward. I do believe that the stock will be supported at these levels.

[KCSVEN]

Following up on this past post they did indeed take it past 6.50 and back above 7, now at this time I'd be buying back at 6.25 and selling 6.75. That is still what the trend is, the stock is in control of traders until more substantial news and they've made their plan pretty obvious.

Technically trading wise this is as easy as it gets, needed to get to 8 to break the trend and did not so overall short term trend is still down until news or technical show some kind of trend reversal.

Personally I sell some OTM calls to get a little back each week if I can, otherwise this is a long term holding, since my other investments have done better than market I have the luxury of waiting out AMRN as confident to see a double or more from here by end next year.

My previous post below

"Technically the stock is still in a downtrend of lower lows and lower highs. I would not add until you see some reversal in technical's or news that warrants adding. The next bottom should be around 6.50 technically with the bounce to 7 or 7.50. So you can wait until it drops below 6.50, add and likely swing trade to 7 but if buying to average down you should wait until there is reason to believe a bottom which means either positive news or a technical trend change. Otherwise the trend says it will then go to 6.25 and bounce to 7, then go to 6 and bounce to 6.75 etc....Traders control much of the price movement and they've decided it's a downward trend so wait it out if you want to add.

Otherwise this is a stock to ignore the current price and check back in late 2013/early 2014."