arwr should be trading below that. it's insanity the stock price is in the 5's. when ca can't deliver a partnership, he won't be able to find buyers for the secondary over 1. go short and then take a vacation. there's nothing to worry about. it's guaranteed arwr is going down. it will be the easiest money you ever made.
this is my last post on this board for now. when arwr is trading in penny stock land, i will return to gloat.
if arwr had a valuation like the average biotech, it would trade below it's rapidly depleting cash value, which would place it around the .50 level. there also isn't a major catalyst until late 2017. you can say, this is the perfect short.
it has to rank as one of the worst earnings calls i have ever listened to. i don't understand why they even held an earnings call when they had nothing to say. they should have pulled an abus and not held one. what a waste of of my precious time! there is one positive though, i will profit handsomely on my short position tomorrow. the arwr chest pumpers on this board that poured their life savings into this pump will be in a world of hurt. i believe we will see multiple analyst downgrades with even lower price targets. money is a major problem.
my advice to ca, is to raise now. even if it's at 3. if he waits until next quarter, it will be around 1.50. what a piece of bioshyt!