If your looking to get rich quick your in the wrong stock. If your willing to be a long term investor you might do well with ARNA. I have been selling drugs for 25 years, it takes a while for drs. to get used to a new class of drugs and some drs wait a year before trying anything new. Esai is a tiny sales force and as I and others have pointed out literally nobody in the public knows what Belviq is and my informal survey shows about only 30% of drs. have even heard about it. So the fact that Belviq is doing 4-5k rx a week is actually pretty encouraging. If your willing to wait a year I think 6 bucks a share is going to look like a bargain. Considering the ten year is paying 3% would a smart investor wait a year for a possible 50% return? Disclosure I am long and taking Belviq for 2 months (lost 27 pounds) BUT i am highly motivated and work out 4-5 times a week. Belviq is not going to work for everybody but if it captures 10% of the obese market it will be a blockbuster.
money has time value, why invest in a declining asset, when other biotech stocks are going up? It's almost into the gap and once that happens, $5 will soon follow IMO. When $5 is reached, ARNA will break to $4's, there will be a selling climax with 20MM+ trading in a day and shorts might start to cover. Agreed, patience is needed, don't buy yet prices going lower... IMO, not advice. There's always the chance JL and the BOD will wake up and do something, like find a buyer. Probably not before price hits $4's.
"why invest in a declining asset" I'll put it another way, why sell ARNA now at the year low, after all this time, just when the sales pick up and the DTC begins? That idea is just plain idiot! According to good investment rules, you buy more when the potentional in there, and it is there!
Because when you jump around like that the stock you just bought may be tomorrows short attack victim. That is why if you are a long investor, just do your DD and hang in there. Shorts will constantly try to get investors to move for one reason or another and that is one reason. You sir are a schyster.
There are investor's, and then there are long investors with vision and knowledge to see down the road to success. Most here are short term, give me the quick buck investors. The market will pay for this remarkable drug as it proves out it's success....see the vision, wait the time period, or get the hell out......you don't belong here. Take your stop losses and go, I imagine most got a margin call over the last month and had to sell off.....you took a greater risk, don't complain here. Long's with vision will buy your shares.
$9.00 before 12/31. Remember when we were saying $20.00 before September? I used to call guys like you Soft Bashers. Everyone has been wrong about this Stock. Legitimate Investors and Shorts alike.