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Arena Pharmaceuticals, Inc. Message Board

  • bearofbleecker bearofbleecker Feb 14, 2013 4:50 PM Flag

    The "'TUTES" have departed.

    Gloating over those 13G's, it would be well to remember that those represent yearend holdings. Since then, between Jan 8 and Jan 22, we saw a period of extraordinarily heavy trading, when an average of about 20 million shares a day traded. During that period, the stock moved from 9.32 down to 8.82. Since then, volumes have fallen dramatically. A reasonable conclusion would be that some very large holders shuffled the shares back and forth over those two weeks to facilitate an exit.

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    • Bear you’re basing this institutional ownership on what information exactly?

    • Geez you quit even trying to make sense.

      1) you have no idea what their position is and your speculation as we know has proven to be suspect. These filings are at least 40 days old. Could be up or down since.
      2) Low volume generally since first of the year except for a short period. If someone would have been dumping the 10's of millions of shares with the low volume we have had, you would have seen a more significant spike down. See below on almost every day with volume above average the prices went up.
      3. I've have already established you lie so you have no credibility anyway.

      Date Open High Low Close Volume Adj Close*
      Feb 13, 2013 8.43 8.59 8.25 8.37 4,457,900 8.37
      Feb 12, 2013 8.56 8.70 8.40 8.40 3,565,500 8.40
      Feb 11, 2013 8.78 8.90 8.60 8.62 3,859,100 8.62
      Feb 8, 2013 8.59 8.73 8.55 8.71 3,446,200 8.71
      Feb 7, 2013 8.72 8.79 8.51 8.55 3,566,700 8.55
      Feb 6, 2013 8.78 8.89 8.68 8.72 5,646,300 8.72
      Feb 5, 2013 8.58 8.66 8.52 8.63 3,301,100 8.63
      Feb 4, 2013 8.52 8.65 8.42 8.58 4,099,000 8.58
      Feb 1, 2013 8.66 8.67 8.35 8.58 5,808,600 8.58
      Jan 31, 2013 8.01 8.65 8.00 8.45 10,264,900 8.45
      Jan 30, 2013 8.22 8.26 8.07 8.10 5,889,300 8.10
      Jan 29, 2013 8.51 8.55 8.31 8.35 5,416,700 8.35
      Jan 28, 2013 8.73 8.80 8.48 8.56 6,240,800 8.56
      Jan 25, 2013 8.74 8.78 8.62 8.71 5,342,400 8.71
      Jan 24, 2013 8.66 8.92 8.58 8.67 8,368,900 8.67
      Jan 23, 2013 8.82 8.85 8.64 8.68 6,602,300 8.68
      Jan 22, 2013 9.06 9.24 8.70 8.82 26,823,900 8.82
      Jan 18, 2013 10.10 10.30 9.76 9.77 20,303,400 9.77
      Jan 17, 2013 10.35 10.79 10.19 10.45 15,240,100 10.45
      Jan 16, 2013 11.00 11.00 10.29 10.45 16,975,300 10.45
      Jan 15, 2013 10.34 10.95 10.13 10.81 27,942,700 10.81
      Jan 14, 2013 9.89 10.31 9.65 10.20 20,268,900 10.20
      Jan 11, 2013 9.74 9.95 9.61 9.66 6,460,500 9.66
      Jan 10, 2013 9.66 9.95 9.50 9.70 12,759,000 9.70
      Jan 9, 2013 10.01 10.05 9.51 9.83 19,947,700 9.83
      Jan 8, 2013 9.32 10.14 9.31 10.11 30,644,800 10.11
      Jan 7, 2013 9.10 9.28 8.96 9.20 9,399,600 9.20
      Jan 4, 2013 8.98 9.12 8.87 9.00 6,234,300 9.00
      Jan 3, 2013 9.00 9.01 8.85 8.94 5,498,800 8.94
      Jan 2, 2013 9.13 9.22 8.90 9.01 8,354,000 9.0

      • 1 Reply to rckings99
      • Instead of just reprinting that jumble of figures, why don'tyou actually look at them. During the ten trading days between Jan 8 and Jan 27, the stock traded an average of 19.75 million shares daily. Over that period, from the open on Jan 8 to the close on Jan 22, the stock moved from 9.32 to 8.56. But yet, according to you, "on almost every day with volume above average the prices went up." ?? During the following 10 sessions, from Jan 23 to Feb 4, the stock traded an average of 6.12 million shares daily - roughly a third the average volume of the earlier period. During this time period, the stock declined from 8.82 to 8.58. And when did you establish that I lie? Ahead of the January options expiration, I argued that the huge imbalance of 10 calls would drop the price on expiration. I thought it would drop so violently that it might take out the 9's, too. It only fell to 9.77 on expiration day, as your figures show, but on the following Monday it opened at 9.06 and closed at 8.82. Since then, the stock -as both the prices and volumes demonstrate - has essentially been dead.

    • they sure have -- the tutes have departed you shorts from any hope of covering without loosing your asz ! :)

 
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