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Amarin Corporation plc Message Board

  • onehandsome_mexican onehandsome_mexican Oct 4, 2013 4:48 PM Flag

    What's next? Bear Raid..or..Squeeze?

    You have to believe one or both will happen next week.

    I see the squeeze continuing into the 7.5-7.75 area where MM's and HF's will trigger a bear raid with the intent to bring it down to sub 7 and killing alot of the stop set below 7.

    I would caution against anyone having stops set too low. Remove them.

    They will give a few tries. Don't let them take your shares.

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    • Bottom line: Shorts have their nuts in a vice and I will enjoy the show. Better than watching "Reality TV"

    • With the first close over the MA(200)d? Not too worried, and agree, running with stops down here is for suckers asking to get their shares stolen.

      Sure, with OPEX two week out at max pain at $6, I'd would not be suprised to see the tree shaken once or twice back to sub $7. But the amount at risk to MM at the $7 mark is relatively small. Just as likely to see the squeeze continue to rip beyont $7.40 into the $8 or $9 marks with the October 16, 2013 Adcom. Longer term I think we agree she's going higher.

 
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