ARNA was never a short term trade stock if your smart. If you bought in after the FDA pop hoping to make a quick buck you were wrong IMO. This type of stock is all about LONG TERM INVESTING.
so with that said who cares about when the DEA approves schedule IV (it will be schedule IV). whether its today, tomorrow, next week. It does really matter because it will be approved eventually and then sales will start, and that is when the fun really starts. It is ALL ABOUT SALES. You cant justly compare ARNA to VVUS right now because ARNA has no sales yet.
IMO the best approach is to be patient and wait to see the sales come in, at that point everyone will have to use their own judgment as to if they want to hold or sell. But I do believe some fellow longs will hurt the pop because they will sell after DEA approval, which is not the right move IMO.
This stock will climb, slow and steady wins the race.
Im in three biotechs right now. ARNA, ACRX, and ATHX. It is all about catalysts in the biotech market, and for ARNA the next big step will be sales. Patients is key. Good Luck.
Are you kidding? Your plan may be to hold til the cows come home but that doesn't apply to everyone. This company still has to generate sales and that will take time. This delay created opportunity costs for those who could have put what has amounted to dead money to work else where. Maybe YOU have the money to waste but I don't. Traded before and after Adcom and have held since approval because I believe in the product and the company management but this has been dead money at best and missed opportunity at worst.
Buy and hold, as I have learned the hard way, is for suckers.
Every investor has different goals.....taking money off the table is a smart thing to do to get even on your total investment. Who knows if we don't have a major market crash decline any day, or month down the road where a $15 dollar price can drop to $8 again. I had one haircut in 08 and 09......don't need another at my age. I would rather have the cash, and reinvest back in to a market with great values and ride back up on the recovery. Bought Ford March 2009 @ $1.52 and sold within five months.....should I have kept it all the way up to $13.........no way I took the bird in hand rather than wait for two in the bush.
Agree again, but did you honestly think when you bought ford that one morning you would wake up and have a 200% increase in Initial investment, overnight. No it does take time so people coming on $^%*# amd moaning everyday isnt going to really help anything. Patience is key. Ya know?
Quarterly: You half right! Don't tell me I can't make money trading this and also having a core invested--done it more times than you have fingers and toes added together! You CAN go bothways in a profitable non-sexual way----LOL! Believe it!
Sentiment: Strong Buy
Okay I can see where your coming from because of the violtility of this stock, but the point I was trying to make is that some people here seem to this that this stock is gonna jump up to 15$ overnight. The real gains are going to take time.