Looks like RVBD is in accumulation mode. The trading pattern for last few days, seems to indicate accumulation. Either there is a buy out news coming soon, or a positive news about recent merger and its positive effect on earnings might come out!
June 7th is the launch date. ARNA will cross $10 by that time. June is end of a Quarter. Those who are the side lines will start loading shares especially the Mutual funds. By end of July ARNA will be at $13 PLUS By Aug 7 where are earnings are due, we will see Analysts upgrading and ARNA will reach $16-$18 time frame.
Some one wanted a timeline. I think this is a realistic timeline. Will my prediction works ? well, If I can guarantee that one, why would I be typing this in a message board. I will be working for Warren Buffet!
We have already seen RED today. That is how ARNA is played all along.
This Launch will change some of the mindsets. Some might be be #$%$ off that the drug is not available today. But that's not what I have expected. They need time for logistics.
PLUS it was not a easy ride for ARNA. It came across lot of Land Mines and survived. I can;t say it a good job. Management could use some good PR. They need to work more with analysts and generate good PR.