Can you imagine NCE granted next month, after all this time, and the stock would go down: LOL or cry? ---------
The mistress is cruel. She doles out her favors niggarly as is her wont. I learned that wisdom from reading Victor Niederhoffer's blog and all his books and I would agree with him.
The disappointing (to longs) price action is most likely not due to the PDU date which in likelyhood will come early..
This stock has a fair amount of fund ownership. Moves in stock prices are mainly the result of these 18 wheelers moving about..In funds buy and sell decisions are frequently tied to events (catylists) with decisions made before the event..Funds may hold more than a hundred positions. In a case like this a decision to exit AMRN may have been made before the sNDA announcement..the thought would be this would be a good time to sell, because of the likelyhood of buyers..
The important thing is AMRN is moving forward. This is another brick in the wall...The sNDA approval will occur before the end of the year...Critical mass will be achieved in the near future..IMO it's a good time to be buying..don't sweat the short term price moves...
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