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Arena Pharmaceuticals, Inc. Message Board

  • jdolby32 jdolby32 Feb 10, 2013 1:16 PM Flag

    New week - new speculation.

    IMO - they could let this rise slightly above the 9 mark up through Wednesday, but come Thursday and Friday it will be pulled just under 9 for OpEx on 2/15/13. Weekend conferences will be a rehash of past, current, and projected events - with little to no NEW information. After next weekend however, things could get dicy as the timing for the DEA announcement will be getting even closer. I just don't see this happening prior to OpEx. Black Rock and Fidelity's commitment to this stock show enormous confidence with their investments, which bodes well for the long run. You have to believe that they have done their homework and feel that the DEA and EMA/EU are coming, and they've let their money do the talking. These guys are privy to information that the retail investor would never be told or shown. Things cannot stay bottled up forever and news will eventually break. DEA is by far the biggest catalyst, as this will launch the product into the America's and deliver a $65,000,000 milestone payment to ARNA from Eisai.

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