That could be forecasting the future here.
Volume is quite high while share price stays even. Could mean the money men are loading up.
Don't be ridiculous PRGN just did a humongous reverse split. Most of us can buy the whole
company now for pocket change, but the stock price is $1.10
Wall Street has consistently tried to tie ARNA to first VVUS and when VVUS fell then OREX.
If Arena can establish itself as a drug pioneer rather than a company with one weight loss drug
perhaps we can leave the penny stock PPS behind.
Sentiment: Strong Buy
Zacks had a strong buy on ARNA in November. They're completely unreliable and wishy washy.
Even though I still have a small investment in Arena, I really don't follow the day to day as closely as you. Thanks for educating me.
I honestly think all small biotechs have an extreme uphill battle these days getting anything done. At the same time the management is extremely overpaid for their efforts.
Let's just hope some BP takes an interest in Arena and offers them a substantial premium over the present PPS. I'm starting to feel that's what we're left with.
Good luck to you
I guess everyone is in on this conspiracy