Another alpha article - sure it will be below 4 tomorrow
I bought at 1.83, 1.91 and 2.01 for ARNA and hold 8200 shares. The technicals have been bullish lately and momentum is good. Price was driven down today by a downgrade to neutral (analyst reasoning was bogus) and an ADCOM discussing cardiovascular safety and whether pre/post approval trials need to be done for obesity drugs hence VVUS tanking. ARNA should have enough cardio safety data, and is the safest, but least effective. I'm straddling the fence right now as to take the profits, or ride it out a little longer.
I've started looking at ZLCS recently, but I haven't done enough research on it. What's your brief synopsis?
I'm hoping to add more TSRX soon and believe fair value should be $6-7 range right now, but interest is lacking as there is literally not much news to come in the near future.