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Arena Pharmaceuticals, Inc. Message Board

  • jhof51 jhof51 Feb 13, 2013 12:48 PM Flag

    Daily lunch walkdown

    long time holder. this is getting old.every morning gap up , every lunchtime starts walk down like clockwork. Manipulation is unbelievable

    Sentiment: Hold

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    • Bottom line, nothing from the DEA for another 18 days, that's the 45 day mark. I don't see a major pop on that news either as its baked in. All we are doing is waiting for them to say, yes its official, cat IV + you can start selling in 30 days. I still don't believe they will recind that waiting period. The DEA took the full amount of time on announcing the classification + I don't see them shortening anything based on its protracted review. They may move this below 8 by the end of the week but volume is picking up right now so it could happen as early as today. This will be a long term hold and forget all the pom pom's + bashers, the reality is it won't move till sales numbers start coming in. That will put a floor in on the PPS unless an announcement comes out about a buyout, short of that, there is no real news that will move this, only sales figures. That may also take some time with reimbursement being a big issue. Long term, uses with other compounds + smoking cessation will be huge but this will all take time, over a year for its true potential to play out. My next buys will be in the 7's as I've stated in prior posts.

    • Boy I agree this is getting old..

      Sentiment: Hold

 
ARNA
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