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Arena Pharmaceuticals, Inc. Message Board

mocwwwrb 36 posts  |  Last Activity: Jun 9, 2015 11:36 AM Member since: Jan 17, 2003
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  • Reply to

    Here is what I expect

    by mocwwwrb Jun 9, 2015 9:50 AM
    mocwwwrb mocwwwrb Jun 9, 2015 11:36 AM Flag

    what does Wellington selling covered have to do with covering a short?

    Sentiment: Strong Buy

  • Reply to

    Here is what I expect

    by mocwwwrb Jun 9, 2015 9:50 AM
    mocwwwrb mocwwwrb Jun 9, 2015 10:48 AM Flag

    because 200 million shares are now in the hands of institutions, mutual funds and insiders. An increase in short interest at a time of unavailable shares to buy equal higher prices. The 36 million shares that will be reported today are all buyers. They have to cover sooner or later. You have to ask why the institutions are buying. The money on the short side has been made. Too good of news has come out for people to dump. Stock is going higher.As far as my ignorance in regards to options I will simply ask you the same question as hedge idiot. ......How would you use options to cover your short position?

    Sentiment: Strong Buy

  • Reply to

    Here is what I expect

    by mocwwwrb Jun 9, 2015 9:50 AM
    mocwwwrb mocwwwrb Jun 9, 2015 10:16 AM Flag

    I already proved you wrong. Don't embarrass yourself again.

    Sentiment: Strong Buy

  • Today we are seeing the last ditch effort by the shorts before the release of the new short interest report after the close.As I am posting, Arena is down 10 cents on only 150,000 shares. The shorts want you nto believe there is a major selloff. Todays short interest will show an increase to 35 million shares making it even harder to cover on low volume. What we have taking place is small amount of shares being sold as sacrificial lambs in order for the shorts to buy with bigger volume. I would not be surprised to see the stock close above $4.60 today even after this poor start. The big news is after the close when we see how many more shares will have to be bought

    Sentiment: Strong Buy

  • Reply to

    current institutional ownership as of 6/5/2015

    by mocwwwrb Jun 7, 2015 8:58 AM
    mocwwwrb mocwwwrb Jun 7, 2015 9:54 AM Flag

    I guess Apple is in trouble too because their institutional ownership is 59.78%. ...........Bemis, that has got to be one of the funniest posts I have ever read.

  • Institutional Ownership
    57.88%

    Total Shares Outstanding (millions)
    242

    Total Value of Holdings (millions)
    $611

    Read more: http://www.nasdaq.com/symbol/arna/institutional-holdings#ixzz3cNf4Bca3

    Sentiment: Strong Buy

  • Reply to

    June 9th

    by mocwwwrb Jun 6, 2015 9:01 AM
    mocwwwrb mocwwwrb Jun 6, 2015 12:00 PM Flag

    Well, you haven't been right yet

    Sentiment: Strong Buy

  • Reply to

    June 9th

    by mocwwwrb Jun 6, 2015 9:01 AM
    mocwwwrb mocwwwrb Jun 6, 2015 10:54 AM Flag

    Kind of strange that you are bashing my post on short selling when we are both talking about how stupid the shorts are for getting themselves in a position that they can't cover. Your post is saying exactly what I am saying . You seem to be posting that I think short selling was "good" On the contrary, there are 200 million shares now in the long side and 40 million left to trade among 35 million shares short. I think you need my post again

    Sentiment: Strong Buy

  • mocwwwrb by mocwwwrb Jun 6, 2015 9:01 AM Flag

    After the close, the short interest numbers will come out. The new number will rise from 32.2 to over 35 million short shares. This will prove that the selloff from $4.42 down to $3.90 was completely due to more short selling. All the shorts have done is increase the amount of shares they need to buy in order to close their position. This has come at a time when volume has dried up. Those that are holders of the stock see a pipeline expanding and 241 million of cash on hand. It is still clear sailing to $4.75 and somewhere along the line, shorts too will be buyers

    Sentiment: Strong Buy

  • The "Shorts" have to buy the stock to get out of their position. This isn't like buying and selling an option. This is the most dangerous trade and you better be right. They have sold something that they didn't own and must replace the stock.....no ifs, ands , or butsThe longs have time on their side. Shorts are one press release from a disaster. I laugh when a short seller comes on this board and wants to know how much us longs lost. As long as I own the stock, I haven't lost a penny. Now I ask the same thing of a short seller. How much profit have you made? Not a penny until you buy the stock and close your position. We will see who comes out ahead in the end

    Sentiment: Strong Buy

  • Reply to

    And the noose tightens

    by mocwwwrb Jun 4, 2015 10:05 AM
    mocwwwrb mocwwwrb Jun 4, 2015 10:19 AM Flag

    Oh yea,before I forget. Don't say we didn't warn the shorts to cover. I don't want to read any posts about how I should have covered. Shorts will never ever cover their position and there will be a ton of short bagholders.I think that when the institutional buying started, that was the signal for the shorts to buy also. Instead they tried to get greedy. Now the institutions know that 200 million shares are in strong hands and also know that 35 million shares have to be bought. What I think we will see is any pullbacks of a nickel or dime will be bought by the institutions so that the shorts can't cover. Eventually, there will be 220 million shares in strong hands and no shares will be available to buy. At that point, the short squeeze begins. Hang on to every share you own. This will be fun to watch

    Sentiment: Strong Buy

  • Lets see who blinks first. No volume and rising prices. Either some shorts are starting to cover or more institutions are buying pullbacks. As more and more of this stock gets into strong hands, the harder it will be to find shares to buy. This will be an easy climb to $4.75

    Sentiment: Strong Buy

  • Look at all the brand new bashers who just came on the message board. Today and yesterdays date....are you kidding me? The short squeeze is about to take place

    Sentiment: Strong Buy

  • The volume has completely dried up at a time when record ownership by the big boys has taken place. In the next week, I expect the price of Arena to rally above $4.75. This has become a waiting game now. When will the next news come out to rally the stock. Shorts are at a point when its either to cover at $4.20 or maybe $4.75 or higher. The volume is the key here. Any news now that is positive will overwhelm the shorts. Can you imagine a 50 million share day and the shorts trying to buy on good news? The shorts will have to make the first move or lose their gains

    Sentiment: Strong Buy

  • mocwwwrb by mocwwwrb Jun 3, 2015 9:54 AM Flag

    Institutional ownership is at 62.87%. The total shares owned by institutions+mutual funds+insiders is now at 200 million shares. Is it any wonder why the volume is so low? Folks, there just aren't any shares available for the shorts to buy. Next week you will see that the short interest has risen to 35 million +. What I think the shorts were betting on is that if Arena went below $5.00 a share that institutions and funds would dump the stock. What has blindsided them is that the institutions bought more. Now the shorts are left with trying to cover their positions at a time when institutions are buying. I expect a spike in the stock price shortly and the next positive press release will be the catalyst for a major move. Too many good things happening at Arena. Be patient

    Sentiment: Strong Buy

  • mocwwwrb mocwwwrb May 30, 2015 10:33 AM Flag

    Good article Sharon......we have forgotten about that aspect of obesity. Health care costs associated with obesity may force 100% coverage of weight loss drugs like Belviq. That would be a game changer if a press release came out saying that diet pills would be totally paid for or even a $10 co-pay by insurance companies. There are just too many things happening at Arena that any day we could see a complete change of momentum to the stock. Stay strong Sharon, we have a winner here .

    Sentiment: Strong Buy

  • Reply to

    To Mr. hedge.risk

    by mocwwwrb May 29, 2015 1:06 PM
    mocwwwrb mocwwwrb May 30, 2015 8:11 AM Flag

    hedge......really don't want to continue this but even if you bought a $2.00 call, you will have to pay the premium. If you held the call til expiration you will be able to purchase the stock for $2.00 but the shares sold short will move exactly against that position. This is a wash trade . As long as you haven't covered the short sale, the trades will offset each other. It wouldn't matter if you bought the $10 call or a $1.00 call

    Sentiment: Strong Buy

  • mocwwwrb mocwwwrb May 29, 2015 2:40 PM Flag

    Time is running out for a short covering rally today. If we close unchanged or lower today, the short interest will go uo by at least 3.5 million shares for the June 9th reporting. Shorts are playing with a real explosive situation. Record low volume of only 1.5 million means that trying to cover 35+ million shares is impossible

    Sentiment: Strong Buy

  • Reply to

    To Mr. hedge.risk

    by mocwwwrb May 29, 2015 1:06 PM
    mocwwwrb mocwwwrb May 29, 2015 1:37 PM Flag

    Okay, let me do this step by step

    (1)You short 1000 shares of Arena at $4.00. You collect the $4000

    (2)Lets say you buy 10 call options. How about the July $5.00 strike for $.05 or $50

    (3) The stock rallies to $5.05 in July

    You get the stock for $5.00 or $5000

    (4)The value of the stocks shorted have also now increased to $5000 to replace

    All you have done is nothing. If the stock only went to $4.50 in July's expiration then you actually lost the premium paid plus commission

    If you are dealing with any other strike price, let me know. However, we are back to buying back the short position

    Sentiment: Strong Buy

  • mocwwwrb by mocwwwrb May 29, 2015 1:06 PM Flag

    You posted the following..............Not sure you deserve a response but here goes, novice.

    A long call is a perfect hedge against a short stock position. When the in the money call is exercised it delivers shares to you off the exchange .... you know covering the short position???

    You are getting options and short selling confused. If you are dealing with options , yes you can put on straddles. We are talking about a person who sells the stock short. His only recourse is to buy the stock to cover. Under your scenario you are saying that buying a call option is a hedge. Now you have a position of wanting the stock to go down because you sold the stock short and also hoping the stock goes up ,otherwise you wasted your premium for the call. If the stock should rally to your strike price plus premium you break even. In the meantime the value of your stock sold short loses even bigger on the rally. Back to school young man. There is no way out when you sell a stock short because the "only" way to profit is when you buy the stock back...........Short Selling 101

    Sentiment: Strong Buy

ARNA
4.04+0.07(+1.76%)Jul 31 4:00 PMEDT