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Arena Pharmaceuticals, Inc. Message Board

  • rckings99 rckings99 Mar 25, 2013 5:39 PM Flag

    My take on where we are

    Not a bad technical day considering the market sell off here. Feels like we traded up on potential news the last few days coming from something (DEA, CHMP, etc) that didn't happen but hit some tech levels that are supporting upward movement. Not much else to it in my opinion. All nonsense until we get a solid catalyst like EU news, partner news, DEA, sales results, etc. and get a little short covering going. Mean time still use traders to buy low, sell high, build core, screaming manipulation doesn't pay the bills.

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    • Lost some TA guys when we couldn't break $8.68ish. No big deal...

    • Generally agree rck99. I could see adding 8 or 9 cents tomorrow morning but would not surprise me if we start heading downward from here. I am not a technical’s guy what so ever but this would be holding with the pattern we have been in for the last two months. Sold some of my position today at 8.6399 and will be looking to add to anything under 8.20 or so. Without DEA I just don’t see this going anywhere else but down and I have all but given up on this happening anytime soon. Hope like hell I am wrong. Good luck

      Sentiment: Hold

 
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