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Rejection of the drug is confirmed.
The rumor is that VVUS DID NOT get a thumbs up. If this is the case, then what happened with ARNA is simply an overreaction because investors might be thinking that the FDA has little faith in the metabolic drug category given the past phen-fen debacle. They just looked at Qnexa's efficacy, and salivated. Now the idea is why would the FDA approve ARNA if a more efficacious drug got booted?
There are many more things to look into than efficacy. I like Lorcaserin's side effects profile. I also like how the drug works.
People simply do not understand the differences in the two drugs; Lorcaserin vs. Qnexa.... VERY DIFFERENT mechanisms of action.
If VVUS gets the boot because more data is needed, etc. then game is on for ARNA. This leaves ARNA in the spotlight for 2010 as THE OBESITY DRUG CANDIDATE.
If VVUS had an approval, then money left ARNA to join the bandwagon. If this is the case, the market is large enough for both Qnexa and Lorcaserin.
The game is not over for ARNA.
Here's a previous post that I wrote on how to trade ARNA in July:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51287926
Let this be a lesson in the volatile biotech market --> CAPTIAL PRESERVATION IS KEY.
ARNA climbed to $5.72 today on pure speculation of VVUS's drug candidate Qnexa not getting a thumbs up from the FDA. BUT... The FDA gave VVUS a THUMBS DOWN (at least that's the rumor)... now look what happens to ARNA. CRASH...
Good thing I took some profits today, but I still hold shares and will buy back in after the overreaction ends! Investors might have less faith in the metabolic drug category....
Thanks... I've flipped it a few times with much luck. Now that it's cooled off a bit, I think we might see it bang once again.
I'm in STHG at .0037
Hahaha!!!! It's what I've been saying all along! ARNA ARNA ARNA!!! WOOOO HOOOO.
Thanks very much Gem,
Yes this one has treated me very well... ARNA has a lot more upside, but I'm debating on what do to for tomorrow's decision for VVUS. Do I secure some gains? If things don't pan out for VVUS, however, then ARNA will take off. AS a med student, my bet has been with ARNA all along.
I also like REPR and MZEI - stocks that phrantic owns.
Hello LT, hope you are well. Thanks again for all of the great posts.
ZIPZ - some news released today and a bigger volume day as a result. Could today's PR be the beginnings of the dark side getting ready to play here?
What's going on with KGRID?
Someone's gonna make a lot of money.... looks like it will be us --> UWRL
Hey all! I've been in since .0017! That chart is coming together nicely... Can we break that 50 day MA?!?!
Anyone like UWRL at .0017?
Just jokes... just jokes...
Someone told me that this was Bruce, and I said "That's his hangout, but nah he ain't 60 yet." Bah hahahaha
AMCG looks good here... I'm all about the plays that have lots of buzz surrounding them.
chirp chirp chrip!
http://search.twitter.com/search?q=AMCG
I'm in.... looking for a .0016 exit.
haha you little nibbler you.
Thanks Bruce...
Yeah 52 week low today... What's the bid look like on L2? Worth a shot?
Low, thanks for that analysis! ZIPZ is on my watch list... I took a starter at .0002, but I'll be keeping my eye on any signals for entry.
How about a bounce for EXTO?
wow UWRL... congrats all. I've been busy busy! Miss you guys! Hope all is well.
AMCG coverage:
http://search.twitter.com/search?q=AMCG
I like to be in those stocks that have buzz... This looks to fit that criteria! Decent news...
Lowtrade,
I don't know where you gained all of this knowledge, but you should know that that your generosity is appreciated. I'm sure I speak on behalf of everyone by saying thanks for sharing your knowledge. I do my best to pay it forward...
If you have any time, could you annotate a ZIPZ chart? A friend of mine has suggested that it may be a BUMP and RUN.
Thanks, and have a great night.
I know there was some twitter people featuring DMWK, but nothing yet has happened with it... A rumor is that there would be a company update, etc. What's important is that eyes are on it.
www.twitter.com/blaquecapital
www.twitter.com/momentummakers
and a few others that I can't remember right now...
I'm holding for a while... When these wake up they really go given the low float. Good luck, and stay strong!
AMEN to that.
Good to have you back LT.
Hope you had a great holiday!
Watch my order go through! 400,000 more!
I'm at buyer at these levels!
I've got lots of dry powder to hit the ask as well! I almost added more today actually.... any thoughts?
Sorry for everyone's loss... ouch... I feel your pain.
Thank you!
L2 please!?
I'm just tuning in! Yes good day! All of My RELM sold at .0028.... ARNA is kicking ass, but wow it went up pre market to 3.70!
I wonder if RELM is a good buy right now considering what happened?
Is STHG a good buy here?
Anyone got a triple 1 or triple 2 stock that's ready to move higher?
RELM released a financials PR on September 9, 2009 @ 12:23PM...
http://ih.advfn.com/p.php?pid=nmona&article=39413071&symbol=NO^RELM
Check out this RELM chart from September 5, 2009 to November 5, 2009:
http://stockcharts.com/h-sc/ui?s=RELM&p=D&st=2009-09-05&en=2009-11-05&id=p36197506701
As you can see, the stock went into PENNY LAND soon after...
Ahhhh genius! Someone had a great day! Nice Bruce....
I'm up 50% on RELM right now, but I'm holding for a bit longer...
NWTT disappointed.
I'm loaded up on DMWK Bruce! Love that tight float.
I'm telling you... once the float is locked this will run like you won't believe.
Yes sir... just finished my first year... Enjoying a little time off before I start second year in early August...
I was a bio major in college, and total biotech geek... Amazing what I learned in one year...
BMOD has been across my radar a number of times, but I haven't looked into it due to tied up funds in ARNA <-- my other biotech play.
If you think it's worth a look , then I'd be glad to check it out...