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Arena Pharmaceuticals, Inc. Message Board

  • bearofbleecker bearofbleecker May 10, 2013 10:38 AM Flag

    I'm down 9 cents a share and I don't like it!

    Jack better right this ship soon or I'm initiating a proxy fight!

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    • Bear please don’t take this personal because I’m not a rude person. Firstly I give you a thumbs up it must be your mate Hedge give you the second. In 1968 Mick Jigger recorded an album “Beggars Banquet” the opening track was “Sympathy for the Devil” based on the amount of down arrows you got it reminds me of that song, you should Google it.

      Sentiment: Strong Buy

      • 1 Reply to danfinn61
      • Hey, dan. I've always been a big Stones fan. Although I have to say that while Jagger and Dylan were the idols of my youth, they now look a whole lot worse than I do. All I was trying to demonstrate with this trade was that the MM's have a lock on the stock, and the price really has nothing to do with the prospects of Belviq, which I will not even speculate about. For what it's worth, in the absence of any good news - which would have to be surprisingly robust script growth for Belviq - I think the MM's will now walk this down. They will push it up a dime (as today), short into the little rally, and then walk it down a quarter. In truth, there have never been a lot of retail shorts in this stock - you can't even get an order filled if you want to short the stock. I asked yesterday if any of the bashers were really short the stock or just disgruntled VVUS loyalists. You'd expect them to come out of the woodwork, trumpeting "Yes!! Short 20,000 shares at 10!" etc. Didn't happen. Which led me to believe that today's pop would be modest. As for the idea of "trapped shorts", they are a mythical beast. On the day of ARNA's biggest runup, the stock moved in a way which indicated that a lot of longs sold and that a lot of shorts covered. It actually closed below its opening price. No one was trapped. The "70 million shares short" is made up of a shifting matrix. The MM's themselves are simultaneously long and short the stock and play it both ways... whichever will shake a little money out of the retail investors' pockets. These are the facts. Which will no doubt garner a lot of thumbs downs. Good luck.

    • I feel for you Bear, the pitfalls of stock trading.
      I know exactly how you feel man.
      Buy on the dips average down if you can, 9c is a lot.

      Sentiment: Strong Buy

    • bear: Give me your address and I will send ya nine cents---nine shiny pennies! Maybe ya got one share?

      Bear is down nine cents---oh the pain and agony! The end of the civilized world as we know it! LOL

      JMO

      kutz

      Sentiment: Hold

    • Last quarter income about $2.4 million... This quarter we have at least $65 million in the bag! We are good!

    • shes taken off

    • Lol 9 cents... go play outside and stop looking at a digital chart.

    • i am on top of it bear. Just called the SEC.

 
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