I've been around this name for a long time. ST users should recognize me. I was banned there for having dissenting opinions, causing a big stir. I've been bullish on the Amarin STORY for a while, but it's impossible to be bullish about the equity. The stock is a wreck, largely because of the uniformly bullish sentiment that you see on message boards. You must understand how contrarian investing works, and how firms can make a lot of money doing the opposite of the general sentiment. In fact, trading has a LOT to do with contrarian positioning.
Today/yesterday however, was a clear indication of manipulation. Adam Feuerstein is a writer, um, slave for large money. He's like a stripper on a pole dancing for singles. Hedge Funds are like rappers coming in on a Friday night. His eyes light up just thinking about all of the fancy shoes he's going to buy with their indiscriminate dollar throwing. Yesterday, some entity sold a ton of weekly May 7's at a discount to Black Scholes model. They went to stir up buying interest by selling calls cheaply (.03 - .10c/contract). They made about 6 grand in a few hours selling calls and then started manipulating the stock.
Moral Hazard happens when an entity has control over the outcome of a process, affecting or biasing the result. In this case, Feuerstein works for somebody who commissioned him to write an article TODAY in PREMARKET (a day after somebody sold all of those options) to ensure that the stock remained below #$%$ black and white. They even were so brazen as to start selling 100 share lots of stock RIGHT at the open, to make it look even more messy than it was (and it wasn't).
That is a clear violation of securities law and he should be investigated, and charged with any crimes that he surely committed. He's a pawn. He's a stripper in a club dancing for dollars (and his body isn't even nice when you squint). But these large firms pay him because he justifies their selling, and he's a cheap trick.
Ah...I was wondering what "rejosome" meant :)
Great to see more and more leaving iHub. It's obvious to me that hedgies have purchased the moderator positions and put bonehead bashers in charge.
An SPA is an agreement between the FDA and a given company that if you conduct a trial and the results are statistically significant, then they will approve for that indication, unless there are safety issues. There are no safety issues with ANCHOR.
AF knows squat about FDA protocol. Indeed, he couldn't care less about FDA protocol because that is not his field of expertise. Obfuscation is his field of expertise. And if you are the standard layman holding a biotech stock or even a hedgie who also knows Jack about pharma and the FDA, then his obfuscation can, on occasion, influence trading. THIS IS HIS JOB.....he is modestly successful at it, scratching out a few thousand here or there.
Not relevant to investors who really know what is going on here. This is the modern day equivalent of a patent on Ibuprofen. Still not sure the company can withstand the beating pharma and it's minions are going to dish out, but I think if anyone can, JZ knows enough to do so.
The FDA WILL approve ANCHOR and the decision will be done as with MARINE. It will come without a panel being convened and it will be early.
T3
please tell me
Now Yahoo! is messing with me. The post began with, "Thought I'd post a rejoinder to some..."
Thought I'd post a rejosome misinformation provided by Rawnoc. Having seen how touchy some board moderators seem to be, I thought I'd both temper my coments and keep a copy of the post.
Here is the verbatim post:
"Re: Rawnoc post# 7004
You misunderstand the analogy. It's not 'concentrated fish oil,' it's refined fish oil. Kind of like you cannot run your car on crude oil, or that vitamin c derived from oranges is not the same thing as 'concentrated orange juice.'
Nice try, though. If you work at it, you'll develop a fuller understanding of the implications of the science of Vascepa over time. In the meantime, congratulations on your short call to date. I don't think it's a long term winning strategy, and much of the play seems overreliant on foundational FUD, but so far it's been a good play.
Longer term--e.g., by early 2014--the facts seem to support the long side of the trade for making significant gains."
No calling anyone an idiot, or other pejoratives, which Brig seems to do with impunity. And while some might detect a trsact of condescension, it seems to my biased eyes as much milder than many short postings on that board. I even offered some compliments along the way.
Oh, well. Guess I'll just stay with the opportunities to present my occasional offerings here.
I think we'll be in the 8's by July. The reason the price is depressed now is because the MM wants in. The best way to accumulate shares isn't to buy upward. It's to buy downward. When you're trading 3M shares per day the only way the price holds if if the MM decides it holds. There is both upward and downward pressure on price all day long. The MM will collect way more shares if they continue to drop the bid because it emboldens shorts AND shakes out weak hands. If they buy it up they embolden buyers and then compete for shares as the price goes up.
Bottom line, the depressed price combined with bash pieces prior to all these catalysts is exactly what makes me believe we're warming up to a major run to the up side. The clock is ticking.
Here's the problem Harvey you are a nobody. For whatever reason AF is a somebody whether he is on the hedgies payroll who knows. The one thing I do know is whenever he writes on of these hit pieces it affects the pps and it heads south. Believe you me I wish he had the rosey outlook you have. You claim to know more than me but so far I have been the one who is right about what is going on here. One more tidbit as a reminder of what a great predictor of this stock you are "armn will never go under $7 again NOT HAPPENING ". Your words not mine Mr. suspect!
he wants you to be talking about him, ignore him and anything he writes and he goes away.
yes agree. I believe it will be tarding above 15 by Dec. It will be hard to ignore a market 10x larger than marine. heavy buying will start at some point imo. somewhere between a double and a triple within 6 months. Great time to buy imo.
Sentiment: Strong Buy
Ok some are long, some are short, but honestly who here thinks this won't be in the high 7s going into June 14th. That is roughly a 15% gain. Not saying I don't like the company as I am long just saying the monthly cycle to short this is almost over and you got the wild card of combo results coming out anytime. I do short other stocks but if I was going to short this one it would not be now it would be in a perfect world after combo results came out and if NCE delayed again starting middle of June then cover first week of July. These are almost no brainers. Bottom line it is time to get your buy on. Plus if they get NCE and combo results are great it is going to explode.
I just love that you love me!!!! If you only knew.. I am the one ppl want in their corner when it comes to owning a company bc I make sure I know it all from every angle..
Stock price always follow suit when you own a great company. That's how real $$ and real WEALTH are made my friend.. Not by buying a stock and knowing 1/2 the story and then praying it trades higher right away so it makes you feel comfortable while you hold it..
I have made Major wealth and returns bc I research from every angle and I make sure I know it all and always stick to the facts.. Sometimes stock run quickly, or they take a little more time..
With AMRN it's totally diff, I don't care about how long it takes from here bc AMRN has already made 2 HUGE runs that I was a part of.. And as long as the stock is at these levels I will BUY ALL DAY LONG bc when it all comes together its gonna be huge. However by buying at these levels I have the chance to take little profits off the table while I wait as it trades "RANGE BOUND" as you put it..
I know more then you know my friend, it's just too bad you choose to fight me rather then listen... My guess is you will sell out of amrn way too early.. But I actually hope you don't. If you have held out thru all this and you make less then 100-150% then you were wrong fromt he start
to make my second 10,000 share purchase
LOL .... cance of rain might help these ignorant writers
Also said that the launch would be delayed till 2nd quarter! Also said they would not get any patents! See the trend here? All BS.
Sentiment: Strong Buy
i do the same. i fluctuate between under and overweight position. Usually go overweight thanks to AF since the effect is always temporary.
He is like the weatherman, the only job where you get paid to be wrong!! He doesn't care what he writes because he has nothing on the line. What if his family's house was at stake, then would be so confident writing these articles?
I often buy on the dips he creates. Over the last few months this has allowed me to significantly reduce my average PPS and accumulate more shares of course. He just did the same for MNKD today and it's already rebounding.
Sentiment: Strong Buy
read this guys posts every single one is about one stock or another tanking.. Clearly a short but I wonder how on earth does he think his one sentence bashes will impact a stocks price?

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