ArQule Inc. Message Board
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Topped out at $2.80
Sometimes a stock gets squeezed temporarilynafter a large gap down and that is precisely what took place with ARQL yesterday. The astute trader took full advantage of the bull trap squeeze and loaded up on cheap November put options. ARQL will now resume selling and we will watch to see how Wednesdays lows get handled. Good luck gang.
Sentiment: Strong Sell
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To make it easier for you, I raised my bid to 2.40
This should be a no brainer for you. Go ahead and sell into my bid.Sentiment: Strong Buy
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Go ahead and sell into my order for 2.37, I'm waiting.
You said it would "resume selling", but instead it's up 4% today. You seem to only be good as a contrarian indicator.Sentiment: Strong Buy
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Okay, since it's such a good short, go ahead and fill my order for 9900 at 2.37 in AH. It's sitting there right now, go ahead and fill it. Since you claim ARQL is sure to re-test 2.00, this should be easy money for you.
What an idiot.Sentiment: Strong Buy
- 1 Reply to dusa1957
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Lol for what reason would you "buy" into this company? Every study so far has mild to zero effect.
I have 2.50 putsSentiment: Strong Sell
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Shorting this at 5 would have been a good trade. Shorting it at 2.35, at a level corresponding to cash and equivalents per share, is stupid and risky as hell. Ultimately it will bounce back above 3, either suddenly with a phase II results announcement (and, remember, phase II results are easy to spin as positive) or even without any news just because it's less than cash. If you are shorting at these levels, you are trying to pick up pennies in front of a bulldozer, very risky and stupid.
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BINGO. Indeed, the "astute" trader took full advantage of that $2.80 zone to top off tanks on the short side. 20% profit not too shabby so far. More to come. Charts like ARQL don't come around too often, but when they do, they are, well, magical.
Stay short. JMHO...what do I know.Sentiment: Strong Sell
- 1 Reply to onthejobsf
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That would have to be a very "astute" trader indeed to have shorted near the exact top and not below. Stories of shorting at the short term top are just that, stories. Again, shorting or staying short at 2.35, at a level equal to cash and equivalents per share, is extremely stupid and risky.
Sentiment: Strong Buy
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