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Arena Pharmaceuticals, Inc. Message Board

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  • lukb4ujump lukb4ujump Feb 11, 2013 1:21 PM Flag

    Fact: Shares ARE IN a LOCKBOX

    If you look at the reported short interest and add that to the float and then calc their percentage based on the artificial float you will see that much of the tutes shares that are being bought are short shares. I am sure they are buying some real shares but many who own this stock today own borrowed shares and even worse many own ghost shares, counterfeit shares, shares that don't really exist. That is scary if you think about it.

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    • the float is about 217 million shares ouitstanding.....If they own short borrowed shares than thats ok but when they illegal naked short, dont borrow shares and sell something that doesnt exist then we have major problems....This issue is setting up like kerx and a major squeeze especially since tutes have been adding like crazy...When the sell off occurred when prac issued LOOI that was retail selling as fast as they could and tutes buying everything they could from them, now we wait for dea final and effective and launch...I dont really see anything that could add sp value except sales at this time, we will get a pop from dea but shortie will hammer it down until sales are evident...Im not even going to get into partners or buyout rumors

1.57-0.02(-1.26%)Oct 21 4:00 PMEDT