Very clear Cramer has been instructed to try to manipulate price. How can we be the drug laggard and then this is put in his stupid fn article
Other companies within the Health Care sector that declined today were: Pain Therapeutics (PTIE), down 36.6%, Durect Corporation (DRRX), down 33.6%, Abiomed (ABMD), down 31.3%, and Graymark Healthcare (GRMH), down 23.1%.
It's obscene. We could have been down 1 cent but we were due for a laggard article. They forgot to run it yesterday. Isn't it obvious to anybody in the sector what is going on???
They had our price locked at 7.80-7.82 ALL afternoon. What's up with that? Millions of shares, and there was no price change??? We were seriously depressed today, would have been well over 8 today without the suppression and manipulation and monopolization. Bazturds.
I took advantage of this and bought more and I am not on margin as this stock is to manipulated for margin. And I do not think there was many real shares sold at this level as I believe most were naked shares. Do not understand why some big funds have not stepped in yet. I guess they are waiting for sales.
It has been clear for some time now, My guess is they are short more than anyone thinks, as they did not think Arena would get past the Adcom let alone the FDA approval. So you see they keep throwing more shares at this and the shares keep getting bought up. There scare tactics are not working as some sell but others buy so the short list ether goes up or stay's about the same. And Cramer him self said that he did not recommend any stock under 20dollars so WHY is he allover this stock.
he also said "BP would be crazy not to buy out ARNA" right after fda. He said they should not wait until sales because it will be much more expensive for them. Arna has to be in negotiations as they have not released anything since fda.
I swear if we (retail) get screwed Im gonna explode!!!!!!!!!!!!!!
What could be the outcome of this situation in the end? I've never encountered a stock with 47 million short shares, that is about to start selling a potential blockbuster product. The pps is going to take off, but all of those shorts (mostly hedgies I guess) are going to be screwed. Could this be a bankruptcy scenario? Then all of that equity is lost, that they took when they sold short...