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Arena Pharmaceuticals, Inc. Message Board

  • sknbmc sknbmc May 3, 2013 7:41 PM Flag

    Folks-Mark My Words-The DEA Will Send this NEW schedule IV To The ARNA


    and then ARNA's PPS will be 13.50 again.

    Sentiment: Strong Buy

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    • With EU withdrawn, DEA will have a hard time driving this to $13.50 IMO. Maybe 9-10. To get to $13.50 ARNA will have to have excellent sales and a new drug further along in their pipeline.

      The only good news from yesterday was that Longs do not have to worry about the CHMP on a monthly basis. This is now easily 6-12 months away. For now it has been simplified to DEA and sales.

      ARNA management killed the Long shareholder by releasing this "surprise" yesterday. With that said however, a lot of shares traded over the two days and it is my guess that Tutes bought a lot of them. If you are a long term investor, in 6-12 months this too shall pass. I was in full support of JL until yesterday. Now I am seriously questioning his leadership abilities as well as his "vision". Maybe he needs to get his eyes re-examined. JMO

      Sentiment: Hold

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