This is exactly what has happened. A transfer of wealth from retail to institutional. A drop from $7.50 to $3.85 on no news but increasing scripts. Jack has been sitting on news for some time and has allowed his HF buddies to cover for free.
After all it was those dirty HFs that in part financed Arena's R&D for over a decade in addition to those lowly retail investors.
Amazing how they were able to accomplish that really. Now ask yourself whether JL is capable of selling out the retail investors to help out his HF buddies. I believe he is as proven in the past on multiple occassions.
Now follow me closely. If ARNA was destined to fail, why not wait to cover when it hits $2 or $0 for that matter? 40 million shorts have yet to cover, trapped since $2 however if they short at $7 they get close to breaking even.
Amazing how Wall Street works on a whole seperate level. This is truly a transfer of wealth from retail to institutional investors and HFs.
Actually combo drug to be called belpheniqermine. Please make sure that is reflected in future posts.
Shot interest was as high at 67M falling to 38M in 9 months without a single bump in price. Now what if I told you that JL is good friends with many hedge fund managers and as a result of this friendship, is sitting on news that will blow the lid off this stock, but certainly not before his buddies have a chance to cover. Think about the reason behind 38M shorts covering in orderly fashion as to not cause a squeeze.
Don't think JL is capable of selling retail investors down the river? Think again.
You're a smart guy and I do respect your opinion positive or negative whoever you are. My cardiologist said to look at SSH. Good luck!
Here is the post verbatim.
anthonymccoy726 • 49 minutes ago
users liked this posts users disliked this posts 0
Reply .Peace and happiness is RELEASING GRUGDES???NO it isnt HR
..1 Reply to anthonymccoy726
hedge.rlsk hedge.rlsk • 41 minutes ago
users liked this posts users disliked this posts 1
Reply .oops - I meant "in" not "is"
no you took it down because of a slip up.
So now anthonymccoy726 = hedge.rlsk
Wow! All you fools have got to do a better job keeping your IDs straight. A little more effort please in keeping up with the sharade!
krionicbionic = bill.lawson100 by the way in a similar slip up.
bill.lawson10 = krionicbionic
it's always hard juggling ids and keeping conversations straight when logging in and out.
surprise surprise. how will i sleep tonight?
i am sure many bashers and pumpers alike have multiple ids and try to generate conversations with themselves.
Don't get me started on Acadia my friend. No product, no pipeline, no revenues yet market cap $2.75B. Don't get me started.
Man o man we need an announcement like yesterday don't we! Almost 5 months of red without relief. We got ourselves into a pickle haven't we?
How is it then that Novo sought obesity indication for Victoza without similar studies focused on the obese?
In Arena's case, I would assume that BLOOM-DM should be enough given that it was all diabetic patients who suffer with obesity? They could potentially ask for a diabetic indication for those with BMI 30!
It would be nice if mgmt would give us an update on this and not that stupid response, "don't wanna be small fish in a big pond" garbage. Really, mgmt is top notch and worthy of every penny they earn.
You are a strange one. 3200 posts since May 2014 and all your cheerleading has done nothing for the price. Surprise surprise. Luckily I've been cashing in on Arena for years so no big deal. No need to sell. I will bash mgmt as I please. You on the other hand clearly bought when ARNA was $7 plus so I understand your concern.
Hello! And I quote, "lorcaserin was more effective than diet and exercise alone in reducing A1C levels regardless of whether the patients lost weight." Did you miss that?
The mechanism obviously goes beyond diet and exercise right given that 1 point drop in a1c was independent of weight loss. Right?