just thank god ... this pos would be 4 soon...never turn back now towards investing because you dont have any sense in investing and stock market so just keep taking burger orders dumbo ghumbo..
Right before the launch I would expect a 10% to 15% bear raid that will be quick. It may not be alkl in one day but over two consecutive days. Have your cash on hand and hope to get back in early June. I wouldn't buy in right now unles it drops below $8 again.
If it were me, I would re-buy the same number of shares you just sold (up to $9). The DEA announcement opens up the $65M payment and then it will depend on how sales of Belviq goes. You'll get early indications on script numbers just like happened with VVUS. If numbers are good, then I'd consider increasing my position. If less than steller - hold, and if disappointing, liquidate steadily (that would be about 3-6 months from now though, as we have to give them a chance).
This will be a case study referenced for years to come as Pharma's that try to go it alone like VVUS did versus getting a partner like ARNA did.
This stock will be at $12 before the end of this year.