Did you notice spike late Friday prior to close.....IMS released 10/18 script numbers for hedgie insiders who pay for data....all of us will get to see a week later.
ARNA will move up all next week...hedgies are in the know.
Watch and learn how WS operates....very good numbers are coming
Short term stock drops won't mean anything soon. This stock and company has reached the tipping point and prices are moving up. The parasites are being "de-wormed" by Arena and Eisai's profit plan!
I think it is probably also true for 3rd quarter sales results There are people on this planet that already have the figures. The CEO, The CFO, the secretary's who typed up the reports. The accountants that worked on the reports. Just saying,,, The figures are already known, and some of it might be able to find it's way to inquisitive minds. That is why before ANY big news by ANY large firm, stock price often runs up prior to the official release of the information, ... Makes sense to me, at least.
I always wondered about that myself. Both Symphony and IMS are for profit companies. Since the pharmacies they used to track have to report the numbers by Friday that week, I do believe these organization shave the numbers but do not release to the public until a week later. That means the numbers are there but nit released. Also, the full week may not be known, but partial week data may be just as informative to trade on.
With the Columbus day, the scripts may have taken a hit, but if the numbers are better than last week,, it bodes well for the coming weeks. I am still surprised that all the print ad and free TV coverage in local ABC affiliates has not moved a needle one bit.
Further, the question about 1 bottle, 2 bottles, or three bottles per script is an important and unresolved question. If the script indeed relates to more than 2 bottles on average..then current estimates are likley to be lower.
lets al hope those numers are clarified.explained by EISAI/ARNA and that we get better guidance for Q4 and next year.