Too many comments by VVUS mgm't like Wesley Day, and wall street insiders who bet on the wrong horse trying to hold up Belviq as Qsymia continues to drag on weak sales. Eventually Belviq will launch and Qsymia will become a secondary after thought.
There is no such thing as the wrong Horse for Wall Street Insiders. They will make theirs the right Horse one way or another. And there is nothing anyone can do about it. Especially the SEC because they are in on it.
I don't understand why everybody is freaking out so much. Well, in part i do. But really, as for longs go, this is an awesome time to buy more stocks. I'm putting my savings month after month in ARNA for long, and at 8 it's such a sweet buy. Not as nice as 6, but i'll take it. I intentionally don't look at the stock all the time. Belviq is a well tested drug. Qsymia is insane. Why would anybody want to take that Qsymia or invest in it? I don't know. Delay and all, Belviq is hands down the better drug. Arena Pharma know what they are doing. Don't react to sudden falls in this stock people. Powers that be can try to make it look like it didn't get an approval by dropping the stock suddenly and hoping people flock.
It will go up.... going down to 8 is nothing but good news for long terms who want to buy every penny worth.
Sentiment: Strong Buy