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What is OPEX ?
Thanks for the info on naked shorting I think that should be totally outlawed....Normal shorting is legal and of course if people want to short let them, I will be glad to take their money.....LOL
It looks like -69.55 million was covered is that how you look at it ?
Thanks for your input
Ain't gonna happen, folks...$5.50 offering put in the floor, and with OPEX yesterday that removes the final lid on the pps....nothing going on in the June options, of course, so expect sideways trading for a while or a slow creep up as the PDUFA date approaches....if they announce Euro partners and you don't own any stock, you're gonna pay out the nose for it then!
Don't screw around waiting for a nickel or dime savings is all I'm saying, if you project it out, makes no difference in the end unless you're buying thousands of shares at once.
BTW, haven't posted my daily tally of shortanalytics data here lately - the numbers have gotten rather silly, as in pretty damning evidence of naked shorting - the net cover/new short number is now astonishingly high, as in way higher than the last reported number of total (legally) short shares, which was 44M:
Totals since 4/23
Date Net Change
5/18/2012 -69.55M
And we finally came of the REGSHO FTD list Friday, first time in a week, as the $% shorts used those 11M new shares to cover their naked ones and escape unscathed, for the most part. Still think they lost a ton of money though!
Here is some reading material to pass the time........
http://beta.fool.com/beatlesforever/2012/05/16/whats-ahead-arena-pharma/4492/?source=eogyholnk0000001
Nice, I heard there was a 120 day review ? wonder what that means and when would ARNA hear from them ?
5/14 EMA officially declared lorcaserin as being under review.
http://www.ema.europa.eu/ema/index.jsp?curl=pages/medicines/document_listing/document_listing_000349.jsp&mid=WC0b01ac05805083eb
the shares are sold by the company to investors .....they probably get options along with it .....they do not get sold into the open market and will remain restricted for a period of time
where are u coming up with this idea...
one doesnt give money to the company at 5.20/share and turn around and sell them for the same price the next day
My BAD, it will END on or about the 21st.........So it appears that the selling is almost over....yeahhhhhhhhhh !!!!!
I thought it was to begin, so this changes everything, glad I bought back in near end of day.....
Hope ARNA lights the fire now.
Early approval ?
Update on EU ?
??????? any other ideas ?
I replenished at 5.51, nice job.
The 11 million will begin to be sold Monday 21st.
Sorry, but, these ARNA trades sounds like the Facebook IPO. Underwriters kept the buy at $38 and it closed at a mere $38.23. The "underwriters" here at ARNA kept the secondary at $5.50. Is it any surprise that it closed at $5.52???
Once the support (underwriting) is removed, the PPS is likely to go down for ARNA next week.
That would assist in selling the shares and not driving the PPS down.
Replenished in full measure @ 5.50- ready!
MG
I am unaware of any news. I am assuming that ARNA possibly is planning on something to PR. That would assist in selling the shares and not driving the PPS down.
Because of that I bought in at 5.51 before the weekend.
one has to at least consider 20 sma, if the market continues to weaken.
what news is that?
If the market can handle it the 11million shares will be dropped in here and there not necessarily at 5.50, my guess is ARNA come out with news on monday, (don't know what) ?
And the influx of buy orders will gobble up the 11 million.......glty
The corporations and people who shorted the stock before the FDA panel approved it, have to cover by after hours tonight...
looks like we are holding.. and ready for next week!
sorry...i meant 5.44 LOD and future over all low from here to eternity
better?
I don't like that "so far" comment! lol.. Let's not revisit that number.
days range..5.44 low so far
I don't see it going below 5.50.. no reason to. We will play around here for a while, then up we go. I haven't sold at all, and bought more today!
I mentioned 448 only because that would render the 5.50s useless...
I have no clue how they intend to run the stock for now
Same here I am currently out. Looking at 5.00 if it drops quickly i will move it down.....glty
im out of the stock
but have some close friends still in with some stock they could have sold at 7.50.....
it irritates me a great deal they left so much on the table
this may base out here..and then they may just one day take a run at it and see what they wring out of it taking it lower
im personally in no hurry to buy where its at now, with 30 days left till FDA
Ouch !! I moved my order back down to 5.00 now.......
IM guessing 4.48
regardless IF this drops between now and 6-27 your shares will do just fine.......especially after we get approved to rock and roll.....
I did up my bid to 5.56
I'd be a bit peeved if it broke below $5.50, but there's very little chance it does IMO - sold a mutual fund in my cash account for a 40% loss to buy a final lot of ARNA at $5.72 yesterday - both need to double for me to recoup the loss. The chances of that mutual ever getting back to my basis was about 1% - chances of ARNA doubling on 6/27 are about 90%, easy choice to make once I ran the numbers - also ran the numbers on pps vs. new shares vs. increase in my basis, which was $1.90 - the diff between new shares at $5.60 and $5.72 was nothing, no point in trying to pinch pennies.
27 days trading days until pay day, hang in there.......glty
Thanks PennyMaster1, I just hope the public doesn't see that price and freak out......5.50 hope it will stabilize there. I have me a buy order in 9090 at 5.50 lets go.........
Well good morning lets see whats shaking today.........
yes there will be very strong support at 5.50 if it breaks through 5.50 it will go straight to 5.0$ and then some. im actually hoping it goes lower i need more shares. i bought some when the secondary offer news came out and everyone was in a panic. wishing i had bought more.
tomorrow and monday last chance to get in at this price!!
north from there to never look back !!
then pps should stay some what higher than 5.50??
the 5.19 is what the underwriters are getting it for they will sell the shares to institutions for 5.50, the difference they keep. again, this is normal they arent working for free.
Tomorrow is options expiration - 3.1M shrs at stake at the $5 call strike - they need to keep it pinned under $5.63-$5.67 to make all of those expire worthless. Before the dilution announcement, it was the $7's that were driving the pps. ARNA mgmt helped a ton of shorts escape and cover with the timing of that deal, not that I disagree with what they did - they were going to run out of money before launch, had to strike while the iron was hot and the pps up - if they had waited and some bad news came out of the FDA, like a 90 day delay like VVUS got, they would have had to sell a boatload more shares to raise the same amount of money, they couldn't take the risk of waiting.
Hi Bull, I recieved another e-mail from Arena regarding this today.
<11,000,000 Shares
Common Stock
We are offering 11,000,000 shares of our common stock. Our common stock is listed on The NASDAQ Global Select Market under the symbol “ARNA.” On May 15, 2012, the last reported sale price of our common stock on The NASDAQ Global Select Market was $6.06 per share.
Investing in our common stock involves a high degree of risk. Please read “Risk Factors” beginning on page S-4 of this prospectus supplement and the documents incorporated by reference into this prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
PER SHARE TOTAL
Public Offering Price
$ 5.5000 $ 60,500,000
Underwriting Discounts and Commissions
$ 0.3025 $ 3,327,500
Proceeds to Arena before expenses
$ 5.1975 $ 57,172,500
Delivery of the shares of common stock is expected to be made on or about May 21, 2012. We have granted the underwriters an option for a period of 30 days to purchase up to an additional 1,650,000 shares of our common stock solely to cover over-allotments. If the underwriters exercise the option in full, the total underwriting discounts and commissions payable by us will be $3,826,625 and the total proceeds to us, before expenses, will be $65,748,375.
Joint Book-Running Managers
Jefferies Piper Jaffray
Co-Manager
BMO Capital Markets
Prospectus Supplement dated May 16, 2012>
Well monday is the day they begin to sell the shares to the public for 5.50. So I anticipate that people are gonna sell tomorrow before the weekend to get out as high as they can, then Monday we probably will see this drop possibly down to 5.00. Why ? when I read that they were purchased for somewhere around 5.19 ish ???? I need to reread the 8K. It probably will drop 10% below that figure then, I see us gaining ground again.....just my thoughts and you know what there worth.......crap !
glty
good luck with that!! lol
i also feel it is manipulated. It should have crashed to $4 by now- i do not know what is keeping it up....
did anybody else feel the pps was manipulated today? just looked like it was being held back??
Did anybody call the transfer agent? Just to see the current O/S?
i was married to a fat women for 20 years and learned to hate all fat women !
i'm beginning to love them now!!
28 Trading days left before the big SHAZZZAM. So far Arna has lived up to its expectations. What a wild ride folks. Don't loose faith, keep your sites locked in at the prize to be attained in the end. This will not be the end it is only the beginning.......glty
Good Morning jakeflies- it was only a late night rejoinder to a figurative observation that struck me funny, and contained more than a little potential to be an accurate prediction of market acceptance of Lorquess.
As far as why do I believe the market is hUge, empirical evidence of this can be had merely by walking through any downtown street and looking about.
The ARNA chart was for those not inclined toward lightheartedness- to have something of interest to look at.
On another subject, I was very pleased to see the constructive approach taken by the company concerning the Secondary Offering.
MG
Good morning all! Pre-market $5.75 / $5.76.
Looking for an up day!
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ARENA PHARMACEUTICALS, Inc. (ARNA)
http://www.arenapharm.com/
http://finance.yahoo.com/q/h?s=ARNA
http://www.secform4.com/insider-trading/1080709.htm
Arena Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of oral drugs for cardiovascular, central nervous system, inflammatory, and metabolic diseases. It is developing a pipeline of compounds targeting orphan G protein-coupled receptors using its drug discovery technologies, including constitutively activated receptor technology and Melanophore technology. The company?s drug candidate, lorcaserin hydrochloride, is in Phase 3 clinical trial program for the treatment of obesity. Its other lead development programs include APD125, a 5-HT2a serotonin receptor inverse agonist, which is in Phase 2 clinical trail for the treatment of insomnia; APD791, an anti-thrombotic drug candidate, which is in preclinical development stage for the treatment of arterial thromboembolic diseases, such as acute coronary syndrome. The company has collaboration agreements with Ortho-McNeil Pharmaceutical, Inc. for developing APD668, an orally administered drug candidate, which is under clinical development for the treatment of type 2 diabetes and other disorders; and with Merck & Co., Inc. for the development of MK-0354 for atherosclerosis and related disorders. Arena Pharmaceuticals was incorporated in 1997 and is based in San Diego, California.
http://finviz.com/quote.ashx?t=arna
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