We are being played with by the market makers who are dropping the share price to try to deliberately scare people into selling. When that does not work they sell phantom shares that are not to be found. Let them have their day just hold on to your shares because once sales figures start to show that we are trumping our competition they (market makers) will be in big trouble and their days will be over. We just need to STAND STRONG!!!!!!!
I totally agree I have 3800 shares offered 100 shares for sale last night in afterhours to check that theory .. asking $8.01 my trade never occurred even though , before fafterhours price weall ingnt to 8.10. back to 7.96. Mannipulat
The ARNA battle on the market, the controlling factors, et all, have been a real stock market education for me personally. I am a much wiser investor now going through the long grind for over four years and holding ahead with a significant gain. My thanks to many on the board for their collective contributions who work in the Wall Street investment sector professionally providing insight to the MM's B#$%$. Know that they will do all within their power to destroy a given stock price in collaboration with each other over a given time period to benefit themselves.
Gut wrenching to hold if you are a new holder in at the $8 to $9 range. Arena was trading above $30 in 2001 without any FDA approval, DEA schedule, an no product ready for the market in less than 20 days now. Those 2001 daily prices where on speculation of Arena's pipeline, and the now named Belviq was one of them, along with the GPR receptor discoveries coming out of Arena. I own some 20 or more stocks, follow another 20 or so, and only a few behave with this MM control. Common to pharmacy in many respects......know what you own, and weather this storm. True, it's easier to hold if you are averaged in low like many on the board who took the risk buying at $1.25 through $4.00 long before FDA approval, yet still held through the first FDA rejection, and resulting share plunge. The science has proven itself. This is a long term hold with a promise of 100% to 200% gain from today's PPS. JMO, but guard your current position, and add with caution as sales numbers take hold....the institutional firms are doing that which adds stability for the future. Each investor has their own risk profile, many want a quick POP and exit out, so we hear your voices on the message board. Other's can hold like the institutions are doing. GLTA
Yes but at some point, we (and I have been long) get fed up with dead money or losing money and go on to better and brighter stocks. I am afraid this stock will be manipulated until the end of time. The only real money in ARNA was to be made one year ago. Fortunately I rode up from the $2's to the $11's.
You don't loser money until you actually sell. I am also tired of the bashers hyping about dead money. I'm expecting a 100% return over the next 1-2 years. Anyone one with a reasonable time frame will not consider this dead money but an outstanding investment.
Sentiment: Strong Buy
I absolutely agree with you. Everyone should be aware of the "reverse conversion" that the short/hedge funds started using in April and then rolled over to May. This strategy uses the market makers waiver to naked short shares. The hedge buys in the money puts (see May 13 puts and call volume over 1.8 million shares) and sells an equal number of May 13 calls. This creates a synthetic long position for the market maker (the net value increases/decreases with the actual share price. The market maker then naked shorts the 1.8 million shares with a sale of those shares to the hedge fund. The hedge is now selling those shares into the open market to drive down the pps. This process may or may not be illegal. At least one group has been prosecuted in the past,but they usually get away with it because it is a grey area.
Sentiment: Strong Buy
Do not concern yourself with the share price?
Are you goofy?
People like you are what's wrong with the market and why Ceo's could give a #$%$ less if the stock falls off a cliff....
Your APATHY is ridiculous---They are reaping multi-million dollar paychecks running the company at a loss and YOU are reaping a sinking stock...
Let me ask you again, are you goofy?
The share price is obviously important in the long run. What we are trying to share is that the current pps is a product of the hedge/short manipulation and does not accurately reflect the value of the company . It is a reflection of over 60 million short shares and ongoing naked shorting by the use of option strategies such as the "reverse conversion"
Sentiment: Strong Buy
I KNOW YOU WILL KEEP SAYING THIS....
7.90 - DO NOT GET SCARED
7.00 - DO NOT GET SCARED
5.00- DO NOT GET SCARED AND SELL
4.00- THEY ARE PLAYING DO NOT GET SCARED
3.00- THEY ARE MANIPULATING DO NOT GET SCARED AND SELL
2.00- DO NOT GET SCARED
0.00 - NOTHING TO GET SCARED ...
GOOD JOB SHARE HOLDER HELP..KEEP HELPING THEM LIKE THIS AND PUMPING THIS POS...TRAP NEWBIES SO YOU CAN GET OTU..
Thats what all you pumpers have been saying for the past 9 months and your wrong, face it. What ever happened to "wait until the DEA approves, then HF will start jumping in and the pps will rocket up?". It realy amazes me how many people on this board knowingly try to screw people out of their money. Sometimes I think its just one or two other people under different names.
CFH64. MMs control this stock. It is that simple. anyone trying to chart this thing or predict a rise in pps or even someone like me who says down she goes, is full of it. This stock is controlled by MMs they will do what they want. Today they are short. They might bounce this back but I still say this will go into the 7s. Do I know that for sure? Fudge No. No one knows until the sales. It is that simple. Stop listening to longs or shorts on the board. NONE OF US KNOW, WE ARE JUST ALONG FOR THE RIDE.