JenRz

AMRN Rolly Coaster - BTD

Long
NASDAQ:AMRN   Amarin Corporation plc
This is not a stock I'm familiar with. My dowsing method picked it, so I'm not responsible if it's totally wrong ;) I kid.
I was thrilled to see such awesome options activity, so it has that going for it. Vol isn't crazy high either.
My research is suggesting a pretty swift liquidation in this name. I would not be long, but buy the dip whenever it comes. It may be tomorrow or Friday. At that point it will make a "v bottom" and a new uptrend possibly until the 27th. My initial profit level is $7.70
It also should be noted it has a pretty tight daily squeeze, so there definitely is some energy that could be released. I'm really interested to see how this plays out and it should be noted I'm still learning my dowsing techniques and all that.
Comment: Omg, this could not be more boring! Maybe my date of the 27th is when it comes to life??? I will check on it closer to then.
Comment: It's alive! Earnings can do that. Still look for 7.70