You could have bought FCAU for $11.50 the first week of January and been up + 30% on your investment. Their CEO telegraphed their move forward to spin off Ferrari to move forward as a global brand. Trading at a recent 52 wk high of $17.08 A CEO who shoots straight, and Wall Street trusts him......and then we have Jack???
I confess, I was once a die hard long pumper for ARNA. Jack could walk on water. Now, I hope he sinks to the bottom, fooled too many times.
Me too, wasted 6 years on this POS. Still holding 2500 shares, but sold off 8000 shares of my ARNA stock at $6.22, used some of my ARNA profits to jump into UWTI on January 28th, 2015. 78 total days trading in and out of UWTI up to April 21st going through 14,000 shares for a profit of $9644.80! Bingo, I am making money on my money while you suckers watch the ARNA grass grow, and then Jack"O" comes along and cuts your grass. Took $9k for my pocket out of my Scott account and still have the ARNA sale cash in the account.
So how are you chumps doing with you ARNA investment? This is not a good investment at this time, they are stuck in a worthless trading pattern, and have been for six years. The pipeline is years away from revenue, and more competition is hitting the streets. There is no blockbuster weight loss drug as many once believed, including myself. UWTI is not a long hold position, enter at your own risk. GLTA
This sounds like a lame excuse to continue holding this DOG. This trade action you are describing has been going on for over six years now. There has been plenty of opportunity for institutions to buy during the many dilutions. Jack Lief is the problem, although the shorts are making money controlling the trade around opex days, and always have. Those shorting most likely have the largest institutional positions already, and they are not stepping on each others toes. Longs will vacate when the price goes up, and so far that is not happening. This is a weak, to poor investment at best for a long position. Sell if you are ahead of your cost, and put your money where some actual growth is happening......there are 100's of better investments.
To see any significant gains, like back up to $13, we need a buyout from another major pharma. This stock is firmly stuck in a trade rut and will be for several more years because they need money from more suckers who think the pipeline will magically produce revenue to save their underwater investment. Some day it might, but not under the current leadership, and not for at least 3 to 5 more years. GLTA
I sold off my last 1000 shares yesterday at $3.55 with a standing order while I played golf. My UWTI share basket is empty now so I made a buy/sell print out covering the last 78 days since I started trading UWTI daily, weekly, and some I held for three weeks. Bought 14,000 shares, & Sold 14,000 shares during that time frame, washing the profits for a 19% overall net gain of $9644.80 or on average $876.80 profits each of the 11 weeks I held a position.
Going to jump back in soon, this is a money maker, but don't bet the farm, or play with margin money. Risk what you can afford for your comfort zone. GLTA, it's working for me.
Sounds like a slow crawl up the ladder. In the mean time ARNA is bleeding cash needed to stay afloat, and advance any/all pipeline trial studies.
Korea won't save ARENA, it's sales might help reduce the next dilution from Jack"O".
I sold all my ARCP and bought the preferred shares ARCPP when they stopped my divvie. They still have to shell out the preferred payments and it's trading below par. Just what I want, save the cash divvie from the regular shares, and then call in the preferred shares to reduce debt. When they start paying again, i'll take a small position again, and add as market confidence improves. This can still give a nice return, the worst is behind in my view.
And more coming on the horizon. Can Jack and sell whole the darn thing before he drives the price back to $3
Perhaps this is why they are cutting sales reps? Trimming the fat now for a deal in the making.....just something to think about. I have suspected Eisai would be open to share in a deal for this costly loser as they would have to repeat more expenses if/when approved outside the USA. We need a buyout now to get this dog out of the short hands, and move forward with a big pharma leader.
krionic just outlined a piece of the bigger picture.....selected responders and the cost to find out if it works for you. Belphen would solve some of that puzzle providing weight loss for more responders, but the cost is still hanging around your neck. Marketing hurdles to overcome for sure.
A very long way to approval, and making a dime of income. Hold for 3 more years through another dilution or two. No faith in management for shareholder value.
Phew.....shorts won't get squeezed at all. Over $5, still $2.22 below the 52 week mark and is nothing to shout about in my view. Over $7 when Jack goes away. They should have sold royalty rights to some of the Bel future USA earnings from Easai to raise money instead of dilution.
My view, this farm only has seeds yet to be planted for a crop to sell when it's harvest time. They can't afford the farm labor, the tractor, combines, and the field is to wet to plow. As far as dilution of shares, that was a 5th mortgage on the farm. They need to sell the whole FARM now. I laugh when people state they have no debt, new shares kept them out of debt from us suckers who bought more and have been holding for so long. We need a new team of horses to pull the plow instead of the Jack-O#$%$ team we have now.