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Arena Pharmaceuticals, Inc. Message Board

  • bioimmunomabman bioimmunomabman Oct 26, 2013 9:26 AM Flag

    Shorts covering + scripts up finally= year-end rally!

    ARNA was a $7.50 stock just 2.5 months ago and there's no reason it should not get there again at least by early 2014. That's a pretty good return, I am upgrading my rating on ARNA to strong buy until price reaches at least $6.50-7.50, then I may change my rating to hold depending on scripts growth. I am up 50% in 2013, ARNA has been my worst investment in 2013 (other than a small, short-term flyer in AVEO, which got hosed by FDA). I fully expect ARNA to be my best holding over the next few months. It's time to catch up!

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    • There's a lot to like technically right now, for the first time in many months. Yesterday's very nice scrip data was welcome news. A couple more decent weeks could drive this stock much higher.

      Despite popular opinion, the stock hasn't been falling because of shorts, MM's, hedge funds, or Spencer Osborne. The sales data has been weak. Much worse the the market expected.

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