Longs aren't selling, and Tute's aren't selling as the major investors in this stock, they are not bailing out of this stock. The price is being taken down to get you to sell your shares, and the street has done this many, many times over, and over again to capture shares. Ask anyone who has been around three years or more.
well some longs are probably getting fatigued and annoyed at the long term under performance, slow progress, etc. As I told AF, give me unlimited funds and 60MM shares and I can make the price of just about any biotech stock go down. Well that argument is old, shorts are covering some now and the price is still low, which is a bit annoying.
I still wish I had Held on to my AMZN shares at the time I believed the shorts and they moved that stock down held it there and when I made a few pennies I sold. One never know when a stock takes off and when AMZN took off it never looked back. Just one of many stocks I traded years ago, I learned my lesson I am holding this stock for a long time as it acts the same way.
Sentiment: Strong Buy
I did the same for Manitowoc MTW. I have learned that market hype is created for short term gain, company fundamentals is built for long term success. ARNA has fundamentals in place to be a world class inventor of novelty drugs with market need in mind.