kind of worrying, no short covering nothing. They betting on ARNA reporting a loss and no news pre market on Monday. With jack's track record on PR I cant even blame them. All I can do is hope cuz Im not selling. I dont want Monday am to come and I see a drop in to 7s. Jack my shirts on your back dont lose it!
The ARNA board (and most other Yahoo stock boards that I have read) excels at creating ginned-up excitement over rank speculation and then punishing the stock for failing to meet these utterly steroidal mirages of false expectations. Interesting phenomena to study, I guess.
very strange day today. 8.35 looks like thats a heavy short trade. And I agree with you regarding PR. If I were going to play this trade, I'd probably bet on a non event on monday and the same old Jack PR "very excited, huge potential" speech. I know some think big news is monday, and they just set themselves up for disappointment.