He is not recommending DNDN. He is telling people who were foolish enough to ride it down to keep their shares for a buyout.
He is ranked the #1 investment newsletter.
With regard to DNDN, Murphy couldn't have known the CEO would hose the company and it's future. I wasn't a subscriber then, but from what I've read about his time with DNDN, if you didn't get greedy, and sold when it turned, you still made money.
I've been very fortunate with Murphy picks, but when he puts out a new stock, I don't just buy in tens of thousands of shares. I start doing my DD and trying to get a feel for the stock before buying. There have been numerous times when right after a MM recommendation, the stock pulled back, and a few of those times I got in when it did pull back and did quite well.
I rode a few of his picks up, and sold when they stalled. There are a couple, Arena included, that I have rode the same pps up 2 or 3 times. I am about get into DRWI for the 3rd or 4th time at $1.20, and will ride it upward to $2 or more, and sell. Do that with 20k or more shares, and make a nice little profit. Of course, it's not the big money that Yossi pulls on one of his picks, but do a few, and NOT lose, and you do pretty well.
The thing with Murphy picks are to not get greedy, be happy to take profits. Too many people marry a stock and get greedy, that's when it kills them.
No. They are covering because they are unsure if they will get a better chance to cover. When the pps eases back up, they will short it again.
One realistic article does not make AF your friend. After all the negative articles pre adcomm, he sat in on the adcomm and reported what was happening. All the Areniac idiots took that as an olive branch and thought AF had become their friend. He had not.
Take his article for what it is, an article. Nothing more, nothing less. Paranoid idiots with conspiracy mindsets shouldn't be in the stock market.
"personal attacks on every positive or even neutral post".
that's just stupid. I am being accused of having double identities by a long. It's the desperate longs here who set the tone.
No typo. He is standing by his prediction, and taking hellacious heat from his subscribers. He frequently defends it, and defends it pretty well actually.
Unlike people like Yossi and others, he actually runs the numbers based on sales etc, where they just pull numbers out of their #$%$. When you read his basis, you can see where there is the remote possibility. But you also have to wonder if maybe he doesn't want to be the kind of analyst who is always changing the numbers to suit the headlines. I'm sure some of the thumbsuckers would whine pretty seriously if he did change the target every time something changed. He is darned if he does, and darned if he doesn't.
Murphy is pretty good, but his time frame is often a little ambitious, but there was no way he could have figured the shorting tactics Arena would have to endure. There isn't a column for that in the spreadsheet.
Before FDA approval, Murphy suggested that his members make a plan. Ride it all the way, or sell the approval rally and wait for the shorts to drive it back down, and buy back in. And whatever you plan, stick with your plan. I chose the latter. And he was right. A lot of the members tend to forget that. Unfortunately, the Areniacs got greedy, married the stock, and got slaughtered.
I think he missed it pretty bad with this article. He blames the price for Belviq's lackluster sales, but then says the 1 pill a day with phen- is going to hurt profits. I would think the monetary savings would cause him to think sales would actually increase. After all, better weight loss with half the dosage, would cause more people to be able to afford it.
He is still active for subscribers. His target is $22+ by the end of the year. He is still very bullish on Arena and makes a good case for it.
you should ignore the idiot known as stewragal1100. He adds nothing but typical Areniac immaturity and stupidity.
They are obese because they don't know that. When they try to learn, all they hear are old, dead paradigms that "experts" tell them are tried and tested.. They've probably tried and tried and when they fail, they give up.
They are told "you have to eat to lose weight". Not true. They are told to eat more grains. The most prevalent and cheapest grain is wheat. They are told that you have to eat carbs by people who have not read about the true low carb diet. They are wrongfully told that the low carb diet is bad because you cannot eat veggies, when you are supposed to eat veggies.
There is just too much bad info out there.
I know you have called it pretty straight up to now. You see the Belviq and Ph** combination as being half the typical dosage per day, but you don't seem to grasp that there could be 10x as many prescriptions written.
I hate to jump on the bandwagon with the Areniacs, but in missing that, you earned the insults you will be getting from these idiots.
If you think people want to be fat, you are as stupid as stewragal, and that is MUCHO STUPID. I mean, SUPREMELY STUPID.
People don't want to be fat. People fail on their diets because everything they read and are told is wrong. "Traditional wisdom" regarding weight loss is totally wrong. When people decide they need to lose weight, everything they are told about how to lose it wrong, and leads to failure and discouragement, but since the multi BILLION dollar weight loss industry tells them something, they believe it. Does weight watchers and Jenny Craig really want them to lose weight? Of course not.
The way to lose weight is control carbs, avoid wheat gluten, skip meals, and fast for 36 hours at least once a week. But just about every expert says these things are bad to do, when they are not.
It's not the eating habits that are causing people to get fat. It's largely the food supply. Food is stripped of fiber and nutrition to make it shelf stable longer. Fiber buffers the insulin response, and prevent convertion to fat. But when it is stripped from food, it cannot prevent insulin response.
High Fructose Corn Syrup is metabolized in the liver, and converted to fat more than traditional sugar. But HFCS is in everything we eat. Most people cannot eat all that HFCS and not gain weight.
Were you wanting a serious discussion, or just baiting the childish Areniacs?
I think he knows more about the market and it's minutia than he does biotech.
He formulated opinions on Lorcaserine, and was mostly wrong. With regard to Arena stock, he's been pretty accurate.
The candy #$%$ don't like reading opposing opinions where I seek them out.