The news won't move things at all, just another news story. ARNA needs sales, and a lot of them to get beyond needing capital to operate. Guess What........that's a long way down the road and more dilution.
If your shares have a trailing stop, you will most likely get burned. They will trigger the stop losses on a daily basis, watch how it trades off the bell each day, 5 to 7 million shares go in about 3 minutes.....most are stop loss triggers getting snatched cheap.
I use Scottrade, but no margin trade is allowed on UWTI, and they don't like day trading at all. They will only let you buy and sell the same stock 3 times in a given 5 day trade period. You just have to track first in as first out when you sell, and be past the 3 trade time limit. They count it and track it, and the trade fee will go higher if they let you trade it at all. It can be done, just know their rules.
That's how I trade it, build a position buying low, and trading through it over 5 to 10 days usually holding the last batch of shares purchased to base my new position.
I don't trust the charts on this one to trade on except I believe it hit bottom earlier this year. Stay stable, or rise over several months, it's going to go up.
I think once it crosses the $60 barrier it will go on up trading in the mid $60's range. I hope to be holding about 6000 shares when it goes.
This is not a long term hold at all, better go back and do some research. Your position will degenerate over time. What you own today is highly leveraged to future WTI contracts and your shares are being charged a fee on the leverage money being used. Consider it like a margin account on the UWTI note used to leverage money now on WTI oil future price. Short term trading on small moves .25 cents to .40 cents or more I've made over $10k since Jan 15th, 2015, holding at the most 20 days, but usually 4 to 7 days.
One of the weakest pumps I have seen......A glass 25.65% fuller since the first of this year. A liberal pumping point of view for certain. The reality of the loss from one year ago seems to escape you.....ARNA STOCK is down -$2.86 per share. Now look at your portfolio if you bought stock at last year's 52 week high......bingo you are down -$2860 on every 1000 shares owned, but your loss was trimmed back since the low prices at the beginning of 2015. I used the same source you did, Scottrade.....your figures hide inside the real truth. Obama does the same thing.
His multiple degrees in higher education have clouded his objective view of reality. It's a disease brought on by liberal educational institutions. He honestly believes with all his higher education, there is now way he can be wrong about anything he is involved with, and his education gives him license to convince the rest of us he has all the right answers. About two more dilutions from now, and he will have a rude awakening to the facts of reality. #1...Arena is in a financial rut, and can not float trails, new development, salaries, benefits, rent, CEO benefit perks. #2....The CEO has screwed us many times before, and shareholder value is 5 years away, and resets with every dilution. #3 Forward earning guidance is a guess, or pure deception of the earning loss that is reality.
It just occurred to me that there should be a DRAFT for companies needing a new CEO. The worst performing get first pick. That would be ARNA! Similar to the NFL, we need a salary cap, and a bonus only on performance, and then we could look at a one year contract for these non-performers.
I don't have that warm and fuzzy feeling about buying this at the IPO opening. Going to watch it for awhile, bet I can buy it at $19.25 in two weeks. Only decent volume, wait and see.
Let's us really know how much value Wall Street places on the pipeline......not much, they see all the future cost, and ARNA can't bear the cost, and make it happen even with more dilution. It's time to sell the company vs. punish the shareholders with yet another dilution to keep the doors open. Jack must go or be forced to sell before we trade under $3. A tragedy in the making, I do not trust this CEO.
Your MIT degree don't mean sheet when it comes to investing in ARNA. Your another smart #$%$ who got scammed by Jack"O" in this investment. More dilution coming to advance the pain drug......fact is all us investors will need the drug to take care of the m#$%$ive pain we get after the dilution of shares. Go back and get a finance MBA. Eisai has thrown ARNA under the bus for continued front line Rep support, and Jack knew it was coming long before the rest of us. Cash is burning faster than it's coming in the door.
Wall Street is responding to this wonderful news.......ARNA down while the rest of the broad market is up.
They don't care.......show me the money, not the dilution!
I guess the global power house dropped the ball. Two countries since 2012 is a #$%$ effort, and one is with another partner other than Eisai.
It's not hard to figure out, the company is in a financial rut, but upper management is still cashing their checks on our back. The revenue/cost sharing partners have not produced the lofty expected results to result in any meaningful share value increase. Enuf is enuf of this crapola, I no longer trust management decisions, and transparency has become clouded, PR does not exist, and has always been week.