I see what you mean, using a 6 month chart. . Earlier this morning I was thinking "another double bottom", but using a shorter time frame.
Interesting statement, but how do you know that, for a fact. Claims and speculation are very cheap, and worth squat without fact to back them up. What are the real facts about the buying up of the float? Heresay ? Someone says so ? I need more than that before the hook sinks into the cheek. ...And I'm long. . I just don't trust IDs that are recent arrivals on the board . pontificating as if they are in the know without fact to back up their claims.
I hope not. I'd rather he shut up, do his work, and not sell his shares into every rally. Reign that out of control pony in.
Look at the trend map and extrapolate. Go where the getting is good. Double down where they are aware of it, want it, and need it. The BIG FAT SOUTH.
Look up Google trends and input Belviq in the search filed. Then choose the USA. Right now the biggest interest for Belviq is in the BIG FAT SOUTH and midwest. . With FAT MISSISSIPPI leading the way. Those lardasses need Belviq badly. http://www.google.com/trends/explore#q=belviq&geo=US
That's why a liberal use of the ignore button is required. And sometimes the report abuse button. Keep in sight those posters that offer something of value, and get rid of the rest. No need to let fools dominate your message board.
Ever consider this as a way to get you out of your jam ?
They sure do go through a lot of effort to try to cover their short position. So much effort, with so little to show for it. Somebody, or somebodys , should get fired. Or arrested.
It also helps when the short HF and MMs have already used up the majority of their 3 million trading shares. with those out of the way, it's easier to move higher.
Nobody got time for that.
Out of sight, out of mind. If other people want to put up with their nonsense, so be it. I won't.
I used to follow Peter Lynch. And lost money regularly following him. Nice man. Bad stock picker. Technicals turned me from a follower, into directing my own trades, for several hundred percentage gain years several years in a row. Fundamentals are nice, but technicals provide the signals and analysis that make the money. Speaking only from my own experience, and I've done both. Fundamental, and technical. takes time to learn. Most don't have that discipline. So they need to follow a Lynch. .
Superimpose a fibonacci retracement ladder over your chart, and you'll see where the levels of support and resistance are. Don't fly blind. No reason to.
I agree about the discouraging of buyers. Who wants to plunk a big investment into a equity that is so overwhelmngly controlled by the short HF and MMs.. ....The one thing that will work against them is the unexpected. A partnership. a countries greenlight. A discovery in the lab, or indication in trials, that is game changing, a buyout, very large institutional investment that completiely wipes out the short HF trading shares, and makes them chase the share price higher. . etc..etc.
HGSI did that back in 2009 , and it was a thing of beauty, as the short side chased the share price higher from the low 3's to just above 430 a share , over a 6 month period of time. I had an even better ride, since I got in at $1.31. Some were in it since 88 cents, but many sold before it got to $3.00 a share, since the ride from 88 cents to $3.00 provided quite a multiple in just two months. My goal was $7.00, so when HGSI quickly exceeded tha, I decided to just stay on for the ride.
I think the same thing will happen here at ARNA, for many more reasons that HGSI had. HGSI had only one catalyst. ARNA has at least 4 or 5. Obesity, smoking cessation, diabetes, pain management, hypertension. some of those, smoking cessation, and diabetes treatment, aren't too far away.
Using their own trading shares to drop the price to give the illusion of people selling, when it's only themselves, selling to themselves. There isn't just one firm involved in this. They have to have partners in crime to keep this game alive. Like taking turns being on top and bottom. ....Not that that's a bad thing..... But they still aren't able to cover in the volume that they need. ..... Must be tough. .
So now there;s still about 42 million shares short, if your numbers are right. For all the fuss and bother, the short side still can't cover their positions. Not in the numbers that they need to.
Tick tick tick......
Where it close today doesn't matter, unless you day trade. And where it closes on Friday matter if you're trading options. If you're an investor in ARNA, the value will eventually be reached. And patience is the key. Short term thinking and focus is a fools game.
I like the volume. Up on more than double the average daily volume. And not on a pump and dump. On actual, company specific, company changing , news. ACTC now has a President and CEO with bonafide Pharma experience, and partnership building experience.
The percentage increase is nice, only if you're shortsigthed. The increase in volume on this news is where the truth is.