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Amarin Corporation plc Message Board

frenzychess 8 posts  |  Last Activity: Jul 18, 2014 2:05 PM Member since: Sep 3, 2003
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  • frenzychess by frenzychess Jul 18, 2014 2:05 PM Flag

    Shares fell off about 15% once it was learned the CEO Leif had sold 40% of his shares, (not all that many shares and a pre-planned sale, gheesh). Shares hit again by Janet Yellen saying biotech valuations were stretched. Neither event has much to do with what is likely to happen with ARNA. Since then ARNA has seen the sales force for Belviq raised from 400-600 reps and a re-launched add campaign that is packing a punch and is all the place right now. Scripts were way up this morning and likely to increase dramatically over just the next few weeks. An approved patent that bodes well for the future also gets thrown into the mix. Now the stock sits below $5 on misinterpreted information. It's easy, buy the heck out of this company.

    Sentiment: Strong Buy

  • frenzychess by frenzychess Jul 18, 2014 12:37 PM Flag

    Like watching an ant holding back a bowling ball.

    Sentiment: Strong Buy

  • Reply to

    Breaking Point?

    by frenzychess Jul 18, 2014 11:48 AM
    frenzychess frenzychess Jul 18, 2014 12:07 PM Flag

    Clearly the pricing is not reflecting the interest today. It just appears like there's a whole lot of buying interest and if it overwhelms these sellers look out, this is headed way up.

    Sentiment: Strong Buy

  • frenzychess by frenzychess Jul 18, 2014 11:48 AM Flag

    Level II showing an increasing supply of buyers as volume slows, looks like that will break here soon. A few sellers holding this tidal wave back right now. Perhaps the scripts data is pushing this. Looks like a tremendous opportunity to get into ARNA as an artificial barrier is about to break.

    Sentiment: Strong Buy

  • frenzychess by frenzychess Jul 18, 2014 10:36 AM Flag

    Huge volume I'm seeing...what's happening? Looks like this could explode.

  • frenzychess by frenzychess Jul 18, 2014 10:10 AM Flag

    Eating at resistance hard, looks like this is about to fly. Something's going on today.

    Sentiment: Strong Buy

  • Been following this from afar. Am I to understand the CEO made a planned sale? Then almost immediately afterwards Eisai doubled the sales force for Belviq and the result is a 15% decrease in stock price? Goodness, the doubling of the sales force dwarfs that insider sale in importance for the prospects of this company. I understand the growth of Belviq has been slow, but that's to be expected with a rather tawdry track record for weight reduction products in the past. That will almost certainly change. This appears to be a stock in free fall right now for all the wrong reasons.

  • The CEO 40% sale indicates there is no known bad news on the horizon. Otherwise it would be considered insider trading. Also, Adam Feuerstein's contention this is the death knell for an Eisai buyout is poppycock. If the CEO sale was based on that information he would risking jail time. The sale could actually be indicative of upcoming buyout talks. With Eisai's doubling of the sales force and re-launch of the advertising campaign, they are definitely putting this in the category of "in play". Perhaps the sale was done because there may not be any ability to buy or sell the stock once these talks commence, which would mean the CEO would have to wait for an indefinite period to get access to funds he likely needs in a certain time frame.

AMRN
1.80+0.21(+13.21%)Jul 31 4:00 PMEDT

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