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Arena Pharmaceuticals, Inc. Message Board

  • havenger2001 havenger2001 Jan 9, 2013 9:34 AM Flag

    Watch for Bear Raid today before announcement

    Always happens in small biotech industry....

    Sentiment: Strong Buy

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    • with shortie covering on tuesday it has freed up shares for this bear raid today..MM and shortie will attack at will unless we get buyers coming in...Looks like a free fire zone which I expected after the huge run up yesterday and the battle for the jan calls next week..Lets see how it plays out...Battle of the bulge

      • 1 Reply to dogfromhell22
      • Raids usually occur when there is a 'highly anticipated' event about to happen and the shorts rely on the 'retail trade' NOT being able to know what is happening. They will use every means possible to create doubt and instill fear leading up to Jack's presentation today.

        So . . . having done your DD and knowing Jack's reputation as a straight shooter, please remove your stops, so the HF's and MM's cannot see them. You could also set a limit buy order at a low price to hedge against a raid if it does occur, and you might get filled. Consider that a gift. This may be the last opportunity the shorts have before a major breakout. You can also set a limit sell order in at a much higher price on the shares you own (your broker decides how high you can go) so they cannot lend out your shares.

        Could get bumpy this afternoon, but I know the true longs will not get shaken out here, nor will the major institutions who have bought in, as their $million's speak volumes of confidence. It is you guys sitting on the edge of your chairs, with your knees shaking, that are the ones the 'dark side' is after. Hang tough my friends, as Jack will hand you the golden ring shortly. JMO/JD

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