Going into the conference on Wednesday, they will have a lot to talk about at this meeting. They will show Wall Street that they are a powerhouse with a pipeline... Belviq for weight loss is not all we have anymore, well, it was never all we had regardless what the naysayers were putting out there.
The short interest during this time frame is the one I am interested in, ending Jan 15, 2015 reported on the 27th. That one should see a big drop in Short Interest.
5 1/2 months study: This 22-week, randomized, double-blind and placebo-controlled Phase 2 trial will evaluate the hemodynamic and exercise capacity effects, safety and tolerability of ralinepag in up to 60 patients with PAH. During the first nine weeks of the trial, patients will be titrated to their individual tolerance level, and then sustained at this level for the remainder of the trial.
initiation of patient dosing in a Phase 2 clinical trial of ralinepag for the treatment of pulmonary arterial hypertension this morning and last week the released the Phase Ib results. We might just get something tomorrow again so they have lots to talk about at the conference.
10 Days later we are still pumping out and average of 55 a day....
National Airings 9,556
Spot Spend Rank 520
Spend Rank: 459
Airing Rank: 366
That would be the best time to release more good PR so they can talk about it in the meeting.
I would say we are scratching to hold yesterdays gains right now. I thought a early morning sell off and then a continuation of yesterday. Looking for some kind of follow through. Yes pull backs are expected, but we just came off of a 107 million share day and approaching 20 million today in the fist hour.
You mean the shorts that just lost 100 million today and have maintenance calls to get their accounts in line before the B/D auto buys them back into the market? They must have unlimited amounts of money. You think the B/D will extend them the same slack as last time with such big losses just realized?
Think about all those that sold Arena for the loss and were waiting to buy it back (30 day wash sale rule) and had to watch this go through the ceiling.... I know I would have thrown the wash sale rule to the wind and grabbed it at up 1.30 today....
This was a binary event, driven by short covering, algos, and band wagon volume sniffers. So there is no way to know when this ride is done, so enjoy it while you can. I am long and have been here for a very long time. If you are investing for the long haul then it does not matter where we will be tomorrow or next year. It matter where we will be in 3 to 5 years when we have 3 drugs kicking out 8 billion a year in revenue and 5 more drugs in the pipeline. We will be getting more in dividends every 2 years then we paid last week for the entire position.
As far and guessing how high we will go, an argument could be made for hitting 7.50 which was the triple bottom that failed and started the entire wash down to the 3's. And, if we break that with any volume then 8.47-8.70 could be the high of this binary event.
If anyone knew the answer to that they would be rich beyond belief. Because they would know where the stock is going for the day and could invest with that end in mind. This price is still lower then the first PDUFA and the Second PDUFA before we got approved... So for those buying this for a long term play this is better then most who bought before our approval. That should tell you something.
485,000 shares in the after hours vs. 107 million for the day... Hmmm you think it really is telegraphing anything?
I think his point is while the pop was great, we have a long way to go to get this through the pipeline and a partner set up to sign a deal. So in the end Belviq still needs to be successful or this pop won't stick.
5 days later and we have seen 305 additional airings.
National Airings 9,313
Spot Spend Rank 393
Spend Rank: 504
Airing Rank: 390
We have to see what kind of follow through we get for the rest of the week. Short margin calls will go out tonight and they will have 3 days to correct the shortfall.