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Amarin Corporation plc Message Board

  • dendreonpro dendreonpro May 22, 2013 10:23 AM Flag

    Marine Population Trading Range

    Today's volume is disappointing and currently trading as if Marine population ( 500) is ceiling for the company. Company needs to continue executing. I anticipate management will release combo results to support patent issue today. This stock reminds me of HGSI.

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    • typical amrn price action on patent news. sad but the trend

    • What happened with HGSI?

    • I agree.. There is a huge disconnect with this company. The entire Street and investors act as if ANCHOR and Statin Combo and all the proven data don't exist..
      I think the problem started a year ago.. Due to the fact that the FDA said that the last requirement of the SPA agreement was to have the "Reduce-it study sub underway" before AMRN could file the sNDA for ANCHOR, you had over a year and a half go by from when the Anchor data came out. Therefore everyone including WS basically forgot all about Anchor and Combo and have basically built speculation around AMRN as if the MARINE mkt is the only this AMRN has... It's crazy..
      However, this is the main reason why the stock hasn't gotten crushed to $3,$4,$5 and IT WON'T either.. Although anchor isn't valued in or looked at right now, BIG inst $ that still owns 55% of AMRN knows that it is there and BP knows ANCHOR is there and it matters BIG TIME!!
      In order for the Big Inst that already own amrn to buy more and get the ownership from 55% back to 65-70% they are gonna wait for the shorts to start to cover.. We need a big catalyst like Combo-statin data or NCE in order to do that.. Until then the stock wills tick in this range but the risk each day becomes BIGGER and BIGGER if you are short this stock..
      I mean worst case we are only 6 months away from ANCHOR and by the time we get there we will most likely have NCE and a Partnership or B/O.. So as we get into the Q3 shorts will prob start to move to the side and get out of the way... IMO

1.90-0.04(-2.06%)May 3 4:00 PMEDT