Yep. I agree. The selling was a downer on shareholder morale and stock price. BUT, don't think many other CEO's are different though I am a fan of the CEO of NWBO (shameless plug for a position I hold) who has sunk millions of her own money to fund drug investigation. That's class.
These filthy little worms that are in management couldn't come up with a measly several grand to buy some stock to show some strength. I believe awhile back the CEO of Durata (DRTX) bought 3700 shares and there was a big write up of this. The stock trades over 14! Yet, no way to buy a thousand shares at these depressed prices. Oh no! Don't want them to ruin their diversification! Don't count on a dividend either. They don't have the revenue to allow this.
I think some of these guys should be ousted and Jack should no longer be CEO. Keep him on Board, but no more CEO.
To any long that finds this whole situation pleasant or "you just wait we'll have 4% growth week over week"....Contrave is just around the corner, my friends. Also, you are forgetting that ARNA is spending money on phase studies which sales of Belviq cannot support. We should be moving 20-30,000 right now, not 10 plus something. Minimum 20,000.
Spencer on SA has been soooo spot with his analysis! His latest article on SA states the obvious which many brain washed longs cannot or will not try to digest. I can see the neophytes here because you are buying on the down trend with no promise of something good-yet. I'd rather see some type of movement up with some good news (called an uptrend) then buying on the down trend then crying about the SEC and short sellers. The SEC doesn't care and naked short sellers don't either. Keep buying idiots! I need support for my shares.
Have a nice weekend.
Need to hit this and it seems like we are working that way. RSI is low which is good and means we are oversold. So, lets see what happens.
I believe there are A LOT more uses for the sapphire than iPhones. Clear, strong surfaces are needed in military, industrial and consumer products.
Gotta give credit to many of those Asian folks. They don't waste any living life form, and all's game for the dinner table. Just seeing and visualizing it gives me that Belviq effect.
CHENGDU, China, July 18 (UPI) --A waitress in China shocked customers at her restaurant by swallowing an entire cockroach off a customer's plate on purpose.
A businessman, Zhang Yen, who was dining at a hotel restaurant in Chengdu was not pleased when he found a cockroach in his salad and he made his opinion known.
His server, Jin Kuo, informed him that finding the bug in his food was "completely normal."
To show that she meant what she said, the 39-year-old snatched up the roach and swallowed it whole. Thanks to a customer who picked up a cellphone, the entire incident was captured on camera.
In the video, Kuo can reportedly be heard saying, "No matter which restaurant you go to, you will always find cockroaches in the food. It is very normal."
Maybe he was impressed by what he had seen, or disgusted, but Yen didn't argue any further and simply paid his bill and left.
The restaurant owner has since apologized for the culinary cockroach display.
I suggest a happy pill for you to improve your mood. It's a combo of cyanide and ricin. Enjoy.
This is a very good post. Besides supplements, diet is one of the most unmentioned and underestimated methods of treating diseases. Nuts are excellent sources of nutrients. Hippocrates was a big proponent of foods to prevent diseases. The problem is that we have been "conditioned" to eat out, not know how to cook (not taught in school any longer), both spouses working and poor selection of restaurants providing nutritional meals at an affordable price. As a pharmacist, I really like your response. Thumbs up!
Others that interest me...AMZN is very resilient. I shop there more and more and just love their service. If it pull back in the low 300's or 290's with a market correction, I'd consider it.
TSLA, you gotta love Musk. What awesome character. This guy is such a class act. Can change anytime, but our Dear Leader Jack should watch some videos of this man speak. I'd consider with a pullback upon a correction.
My holdings: NWBO, GTAT, ARNA and a little OtC spec stock that I'm up a whopping 27 bucks: AMBS.
Gold is very interesting. Been a buyer since 2008 and in the ups and downs. I like it for the value it represents-always something. I've had few stocks that faded to zero land and this talk of gold not being money is just Central Banker lies. Focking liars. You are reading how the world is conducting trade more and more without the Dollar as the middleman. No? Research it. Bullion the best way to invest in it and recommend Goldmart and Apmex for buying this shiny stuff that will bring out the Roman Emperor lust for this stuff when you handle it.
Any you guys that are better traders than me (most of you) then I'd recommend paying off debt with your gains and hard assets: real estate, gold/silver and as Kyle Bass states some type of business to generate some type of cash flow.
All my two cents for whatever it's worth. Good night and sweet dreams...
Finally. Someone who wants to talk about something fun. The pumpers and dumpers have just worn me out. I will say one thing though: Spencer Osborne for President of the ARNA blogs! At least there is someone out there with a little objectivity.
I'm watching the following:
VJET (pull up a chart on this one. it's had a pullback, but shot up from 13-14 up to 25 in a very short time. I think it was related to buy out rumors of another 3D printing company) Traded this in past in the 30's. What I made, I lost so no hard feelings, but watch it.
INTL (I like this as a long term hold. They are playing around with robotics and artificial intelligence as I believe Apple and MSFT will be in the future)
AAPL (I like for the new phones coming out and the way they try to evolve with new products and the way they try to make their products interact. Also, think they will be big one day in AI and robotics)
Drug Stocks: Ummm, I personally am starting to like OREX more and more. More for a trade, but something tells me that this Contrave might be the king for awhile of the weight loss drugs. I have seen MD's have no negative disposition towards Bupropion. I somehow think they will adopt this drug as main drug for weight loss with Belviq and Qsymia as back ups. I hope I am wrong, but will watch this. The volumes on the negative trading days is nothing spectacular unlike our Dear CEO Jack dumping his shares. Pull it up on a chart. Pretty volcanic for ARNA on the sell off. So sad.
Other drug stocks: VRTX, DRTX, NWBO (another stock AF bashes and somewhat risky as all bio's with drugs in trials), CUR and GILD. Of the Old Guard, MRK interests me more and more.
SCTY; I like, but worn out a bit. Traded it quite a bit and taking a breather.
I like GTAT and of course, I bought in the 19's last week and crying today. That's what booze is for to help you get over that. Cigars too.
I think you did good writing it. Who cares if they trash it. The point is that you wrote it and you expressed how you feel. I remember some politician talking about how they pay attention to written letters and how the American public writes so few of them. Myself included. Good job.
Havenger, I'm still waiting to dispense it. I'm glad you made money on the stock. Sure hope you took some profits. I did and took some losses too so I can make money in other companies. Do you realize that whole numbers in technical analysis are something to watch. We broke 5 today. Need to see it stay above that. The chart is horrible on this company and there is no fundamental news to drive it higher. Still in with 10,000, but this buying with absolutely no good news and now you have the CEO dumping shares is just plain gambling. If you and the rest of the longs want to provide support for a currently hammered stock, continue doing so. But, I will not buy when the CEO is dumping.
15 million in assets in real estate and I'm sure that includes money in the bank. There is a lesson here. Take some of your earnings and put it in "hard" assets. Stuff that can't fade away with some bad news or written diatribes. I invest in it since 2004. Almost got wiped out in the crash of March 2000 and I built myself back up with real estate. All the money I made trading over several years prior to that date was just about wiped out. I remember my Mom telling me about a customer whose Dad made money trading and reinvested into rental property. Smart guy. Trying to follow those rules. Just something to think about.
I was bummed a bit. Wanted the Brazilians to win so that the country doesn't have a riot. Also, I think Brazilian chicks are hot. Good enough reasons, I suppose.
I agree with you 100%. They chose Eisai. Like it or not, someone there (management) made this decision. Not the retail longs. Silly. You cannot provide resistance to a stock price regardless how "great" the product is if you can't sell it. These people have blundered and become infatuated with the stock. They can see NO WRONG. Blind fools. Now, I say it's a great product and lets see what the numbers say with the increased sales force and increased emphasis on marketing. If nothing, not sure it's worth being here. Seen companies like this and eventually disappear. Shareholders with them and I've been one of them. The fatal flaw has been Jack selling this big position. No insider buying. REPLACE THEM.