agreed, but unfortunately is also means no significant new buying and that's what we need to kick these shorts out of the stock. I'm afraid it's going to be a long winter of this type of action until we get closer to trial results.
You people spend all day thinking up garbage, fraud, lies and manipulative arguments. Sorry, ARNA shareholders are not buying your lies any longer. Repent before it's too late for your soul!
good for you. People always get too greedy and stay too long. The short party if over.
The bottom line, IMO is this is a supply issue, not a demand problem. Look at all of the new trucks being purchased in the US. They are going to be driving these vehicles for the next 10+ years. The demand for oil is not like copper or other building related commodities, it's fairly predictable, stable and slowly growing. Supply will decline, over time due to price and then price will rise as supply slows. This is taking longer than I anticipated for several reasons, capital projects are LT in nature, many oil co's are hedged through this year and beyond and the strong dollar is also having an effect.
I've avoided investing in commodities all of my 25+ years and wish I had not invested this time, but I think with some patience it might all work out OK.
if you want to check the short position it's not listed on the MB, it's listed on Nasdaq. yes, those companies probably don't have anywhere near the same level of FUD.
ISIS used to be heavily shorted when it traded at a much lower price back in 2001-02. Eventually, they must have been run out at a large loss. ACAD has a large short position last I checked.
agreed, simple math, value/#shares. ARNA has to work on the value AND keep share count from going up. We need evidence that something other than Belviq works and we need it ASAP. I hope it's 334 because that will generate new, high value deals, or a buyout rapidly. If not 334, proof of efficacy and safety in any of the other lead products will help get the share price up!!!
achn and biotech are stronger than the general market today. I think this is looking like a bottom day, they are selling the last of the strong stocks and buying the beaten down stocks.
Of course if you don't sell high, you can't buy low unless you have a lot of cash hanging around. Seems to me this market is about due for a bottom, but what do I know. I heard from a friend that Doug Kass made a + trading call and he's pretty good at such things.
I would not be surprised to learn the mob was involved in a naked bio-short selling racket. The bio-shorts are either blue, or white collar criminals, either way criminals. SEC is ineffective in stopping the bio-shorts.
In the end, if their research is successful within the next 12 months, the stock will go up significantly. If not, it's possible the shorts could cause a death spiral of low-priced dilution and turn ARNA into a zombie biotech like CTIC, Xoma, LJPC and some others that have reverse split. Some eventually make it, but at a very high cost to the original shareholders.
Shorts are in for a long battle since ARNA has no debt.