AMRN
(Nasdaq:AMRN)
I gave a heads up on this one yesterday for my subscribers. I ended taking a small piece at .60 when the volume hit today. I would like to add/average down on weakness. Chart looks good for at least a dime move (15-16%) in the short term. Stock shows support at .51, 8% stops would be .56.
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| AMRN |  |  |  D | W |  5 | 3 | 2 | 1 | E |  N | PM | AH |  |
July 2nd, 2007 10:49
I picked up a few shares at .569. My avg now at .5897. If it doesn’t pop in the next few days, I don’t mind sitting on it for a possible mid/long term swing.
July 5th, 2007 10:38
Broke .56 level, however I’m not tossing in the towel just yet.
July 11th, 2007 11:59
Current price .538, I’m sticking with it for now.
August 7th, 2007 21:22
This position is still open, will be adding shortly.
Got 21 minutes? Worth a listen
http://us.rd.yahoo.com/finance/confcall/streetevents/SIG=133lo3vrt/*http%3a//web.servicebureau.net/conf/meta?i=1112962915&c=2343&m=was&u=/w_ccbn.xsl&date_ticker=AMRN
August 22nd, 2007 16:37
I added more today at .41, should have added more in the mid 30s but I wasn’t in the buying mood for any stock. As of now I see AMRN as a longer term swing trade(another OLGC), as I had mentioned to my members before it went much lower. The stock needs to base. With 4 drugs in the pipeline and insiders funding/buying its just a matter of time. I can buy and sit on stuff and still trade other stocks. Keep that in mind, while the chart looks decent here it might need a lot more time. I feel patience will payoff.
September 14th, 2007 16:40
May nibble some more next week if it dips .48-.49
September 18th, 2007 15:24
I see I already made a comment about a possible nibble. Probably not bad, if it doesn’t hold here .445(.45) should bounce from there. I got enough of this thing, I probably wont add to position.
September 24th, 2007 12:32
Amarin Corporation plc (Nasdaq: AMRN )
Amarin Announces Publication of Pre-Clinical Memory Data in Journal of Neurochemistry
Monday September 24, 10:17 am ET
http://biz.yahoo.com/prnews/070924/ukm054.html?.v=7
September 24th, 2007 13:13
Well lets see how this goes from here. AMRN hit .45 and also had news. .472 x .48 == starting to see some buying pressure.
September 25th, 2007 21:31
AMRN seems to be fighting for its life at .47. It did have a higher higher and a higher low. Over .50 should get some eyes on it.
October 1st, 2007 15:28
If this can close .42 .43 good chance this can make it back to .50, then a week or so it should pop… thats if it doesn’t pop before then. This one is more of a longer term hold, timing these patterns are tough as to when. Not so much the little pops but the big move I’m expecting.
October 2nd, 2007 15:46
Made my ripple here at 0.42. I hope this is very close to the bottom.
October 3rd, 2007 15:41
Good job +7% gain not bad for a 1 day hold
October 10th, 2007 10:45
I see a group is touting this one. Let’s see how high they can push before it drops back down. I doubt they got the muscle to push and hold it up. I can see them getting a few cents and bailing.
October 26th, 2007 23:20
Posting late but I wanted to make a record of my today’s another ripple at 0.38. My average now is 0.40. And I don’t want to see new lows or I’ll call CEO
.
October 30th, 2007 14:02
Good job Andrew! You have come a long way!
November 2nd, 2007 11:36
I added a few more at .40. I’m not sure when earnings are, probably next week. AMRN seems to be building for a pop. I think I’m done buying it.
.38 support - .41 resistance, popped a few days ago and closed under resistance, 2 red candles -holding the area, being pinched
November 19th, 2007 02:05
Well AMRN is now trading at cash levels.
Pipeline
http://www.amarincorp.com/products/products.420.html
When I added more on 11/2 (friday) the weekly chart looked the best it has for sometime. First green close in several months.
http://stockcharts.com/h-sc/ui?s=amrn&p=W&yr=1&mn=3&dy=0&id=p52287723665
Like everything else the market is just taking everything down with it.
3rd Quarter conf call is November 20, 2007 (Tuesday)
November 19th, 2007 10:59
AMRN news! http://biz.yahoo.com/prnews/071119/ukm062.html?.v=6
November 19th, 2007 11:18
Read the news from 4/24/07
http://www.thestreet.com/_yahoo/newsanalysis/biotech/10352415.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
This was the drug that caused the haircut from 4.00
November 29th, 2007 10:38
Amarin Commences First Clinical Trial in Cardiovascular ProgramAmarin Commences First Clinical Trial in Cardiovascular Program
Thursday November 29, 9:28 am ET
http://biz.yahoo.com/prnews/071129/ukth059.html?.v=9
December 3rd, 2007 12:06
Looking really good, hopefully it continues to climb from here.
December 5th, 2007 01:17
A little disappointed today with the action. One thing on the plus side it cleared a lot of congestion (moving averages) and it did hold support/resistance. One good PR right now should set it free! I’m just glad its over most of the averages and not pinned under…..
(ignore all the plots on the chart - auto plots for certain conditions)
December 5th, 2007 10:53
Not exactly the news I was looking for. It sure explains why the stock has been acting like it has. I’m disappointed with the R/S but the rest of the news was good.
Company has
1 in phase 3
4 in phase 2 by end of 2008
excluding todays news
I’ll be waiting this one out……..
http://biz.yahoo.com/prnews/071205/ukw042.html?.v=3
December 5th, 2007 11:45
20.00 Target?
http://www.tradingmarkets.com/.site/news/Stock%20News/886042/
January 9th, 2008 07:04
Amarin Announces Successful Outcome of Nasal Lorazepam Study
http://biz.yahoo.com/prnews/080109/ukw020.html?.v=70
January 10th, 2008 06:33
Amarin to Commence Phase II Trial With AMR101 in Age Associated Memory Impairment
http://biz.yahoo.com/prnews/080110/ukth023.html?.v=48
January 31st, 2008 12:16
August 2007 “deja vu”(?) or something good this time?
January 31st, 2008 19:42
Just maybe this will do a CRIS type move. I am showing that it is pulling away too fast from my 13 day average, but lately it seems to be normal.
At this point give us some big news and POWER SPIKE well over 5! I’ll be happy! I think 9 million shares outstanding and insiders own more than 1/2 don’t quote me on that, you need to look it up, verify. I think I read like 3 million shares in the float, so if something big happens this thing could be a monster, but I wouldn’t be chasing, that isn’t what I do.
March 18th, 2008 09:05
March 18, 2008 - 10:30 AM Eastern
Lippert/Heilshorn Life Sciences Virtual Conference
http://www.investorcalendar.com/IC/ClientPage.asp?ID=127009&CID=
2.48 is support
March 25th, 2008 13:49
Still just churning…….. The Virtual Conference held on the 18th was pretty good. The link is just above this post. Slides 22 and 23 lists potential Key News flow - 2008 and 2009
Slide 24
Investment Highlight Summary.
(short term considerations)
5 Phase II clinical trials in 2008
Positive Phase III 12 month data in Huntington’s
Exciting new prospects in cardiovascular disease
New compelling neuro program acquired - EN101
Strong results-driven news flow
(directors and officers own 22%)
April 9th, 2008 18:14
Nice close today - up 9.56%.
If I read it right this also happened above 50sma, which looks like is trying to show the trend reversal.
April 10th, 2008 00:37
No comment, I don’t want to jinx it