ARNA been a dog for months now. Almost 1 year post FDA approval and still at $8
Only way to make money here is to sell covered calls weekly, sell naked puts weekly, sell any assigned shares on any bump in price. Rinse and repeat.
What a nightmare of corruption and manipulation on do many levels. FDA with rats in 2010, DEA in 2013 with a near record review period for a drug used to treat addiction and of course the ultimate slap in the face, denial of 30 day waiver granted to a vast majority of review candidates.
Anyone who thinks this is business as usual and honest government moving at a slow pace is simply an imbecile.
Amazing how this has been so effectively capped at $8.
My theory is frustrate retail longs into selling and creating a mass panic. Also, my theory in regards to tremendous short interest is wait for 1st quarter sales which most often do disappoint, and cover at 30% discount to $8.
The wall-street crooks are so greedy and efficient in fleecing the retail that they show their hand for everybody to see. So predictable! I hope the tutes catch them off-guard someday like what happened to them with Tesla.