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While it's true you can't really sue the government, you can challenge the decision, especially based on precedence.
I don't think the guy who wrote the article is an expert by any means, but he brings up some good points. Like anything, it's just another piece of the bigger puzzle.
All my opinion.
wet
Same thing that happened to ARNA, MMs were short, or they want to kill the stock to get in on the cheap. It's total BS. SEC ignores it all though, since that's what the Gov bailed out. You only hear when they lose billions. That's what this is all about, total BS!
Looks like USAtoday printed then pulled it too:
http://www.usatoday.com/news/health/story/2012-07-18/qsymia-diet-drug-approval/56271594/1
There is the possibility of a lot of restrictions, so it is approved but VVUS is putting together a PR that makes the restrictions sound better than they are, and as mentioned before, someone jumped the gun with the article.
IMO, approved w/ restrictions, VVUS is spinning it all for its PR (that's the delay).
VVUS is tracking sidewise after the initial sell, but at twice the daily volume before noon.
No matter what the news is, we're gonna see VVUS move and quick. Hopefully it's lower (which I think it will be). It will be approved with major restrictions and more test/studies required.
I love watching the ARNA charts lately (I'm no expert by any means, but I did stay at a Holiday Inn last night), the big boys are trying to keep us low with large drops, but even after a giant market sell, little buys take this back up.
I pray for the short squeeze, and maybe someday it will come to fruition, but until then, there is too much interest her to keep this down long term, especially once manipulation has calmed down or cleared up all together.
It's the spring theory (spring, not string), they keep pushing and pushing it down, eventually it will release and fly up quickly.
wet
Yeah, I try to do it at least 2 or 3 times a week. I know ARNA is a pure winner, but I'll ride the waves all day. Needless to say, my position is a little less than 1K shares, but sold 50% at 11.40, and re-bought at 11.00.
Eventually I'm gonna get caught with my pants down on this, but I've made over 4K doing this so no matter what I'm a head. Nothing but the best to all the longs, and all the nay-sayers (spelling may be way off on that one), in the short term you may be right, but I hope you learn before this takes off. Or else you're gonna be caught in a super short squeeze or not gaining any more money.
Arena did it right, though Elias may have distro rights in the US, which is a huge market, there is the possibly of sharing it with one or two more drugs. But Arena has all of Europe, which is a single drug for an entire region. VVUS will never be there due to half of the generic combo being illegal.
It may take until the end of CY 12, but this will be a 40.00 stock at the min (with or without a buyout). I may not be a guru, but I've done my DD and can see that this will not stay below 13 for much longer.
Do your own DD or you're a tard!
I love to hate this stock, small position and long (beyond dip trades with half), and each morning ARNA wants to head to the moon, but they keep it down like they're standing on it's foot. Drives me nuts! We should be at 14-15 at a min right now.
Got it, L, thanks.
Pardon the absolute ignorance here, what the heck is TMD, margin trading? (yeah, I'm a noob).
I don't think he's spreading fear on this one, look at how many people have mentioned selling today. Sad part is this is what the MMs want. Until people stop getting scared off, this is headed down, which is total junk, this thing should have shot up to the 14-15 range. Reminds me of Wall Street, Gordon Gecko is totally F'n us over right now.
Currently I keep half of my position for the long term, and play the swings with the other half. Figure if I do get caught off guard with good news and it shoots back up, I still have some cash to make.
No worries, they have a second copy stored in a vault with Coke's recipe and KFC's 11 herbs and spices.
I would deff agree with you on this. We may be the conspiracy nuts (I once saw ARNA walking through the forest in the fog, and captured it on grainy out of focus 8mm video), but there's no real reason this shouldn't have stabilized and slowly climbed. All opinion as usual.
wet
I've been in ARNA off and on for a long time now (as a newer investor it cleared me out back in 2010) but I've learned some valuable lessons on this one. Sold half my little position on approval and plan on a re-buy between 9.50 and 10.00 today.
To save a lot of typing I'm with OldMan on this one, not to bash or pump, but to make money. I think the short term is sell and buy, but I'm keeping my second half in for the long run. I do my DD and make my own decisions, and believe a lot of people here have good heads on their shoulders. This stock will hit 15 in the next few months and 20 by EOY (all my opinion based on research).
Just my 2 cents.
Wet
Not sure if anyone else threw this up here yet, it was one of the primary stories on yahoo mobile for a bit. Good general article on Belviq:
http://news.yahoo.com/fda-approves-belviq-weight-loss-aid-174900209.html
They also had a second one one thier health page:
http://news.yahoo.com/us-approves-first-obesity-drug-13-years-151443265.html
Hopefully the links work.
Wet
I've been lurking on here for a bit now, and it seems that this board is no different than the rest of the ihub boards. People constantly moan and complain how the CEO is a cheat, liar, and scammer.
Those that call people pumpers or dumpers are usually the ones that a month later are saying the same thing when news isn't here or the price hasn't made them rich. Its pinks people, they don't follow the market trends that other stocks do. Yes, we all want to get rich by finding that diamond in the rough, but your odds are just as good for hitting the lotto.
I've said this before on other boards and I'm sure I'll get the same response. If you think this is crap, sell and get out before we hit trip 0s, and dont invest what you cant afford to lose.
But I digress, most of you complain because you like to and dont have a better hobby. Take your loss, shut up, move on. Life's not fair, just because you're not rich or you lost your money it doesn't mean that stocks are a scam. If it really bothers you maybe you should stop playing the market, stuff your money in your mattress, and take up knitting.
wet
I'm an excited little puppy... Just peed on the floor a little Arm, come on!
And feel free to take that chart out another year, year and half and see where the dog was then too.
Charts are fun when you only give the info you want people to see.
I think you misunderstand me. Its my choice to be here, I do my DD and I see whats going on. I don't, neither have I seen anyone here constantly say this is the best stock ever and all manner of people should invest here.
There has been constant DD, and people post their thoughts/opinions based on that. A group has been here constantly pushing the idea that W is screwing us and this stock is headed south with no new evidence beyond what is already common knowledge.
If a person breaks there foot and tells there friends it hurts really bad, that's informing them. When that same person continuously tells there friends that there foot is broke and it hurts really bad each time they see them, that's complaining.
In this case it would be a sell and get out. Maybe you think that a greater good is being done by letting the same board know that this stock is going down hill every other post. But to me it looks like complaining (IMO).
Sorry you cant save everyone, but I think some of us are going to stick with our so called bad investments; our choice. I'm sure there is a third world country that you can save by constantly hounding them with your wealth of stock knowledge.
wet
What I find most interesting about the group that likes to point out the "obvious" flaws in this stock (I call it complaining), is that a lot of them are still share holders?
So if it is so obvious that this stock is circling the drain, why not sell, recoup at least some of your money, and move on. Instead of whining about how W is a liar and cheat and we're going to be at .0001 by the end of the month?
If you are so in-tuned with the market and have seen this dozens of times before, why not leave while you can? Whats even crazier is those that are upset constantly and then state they are riding this thing out?
If you're pointing out all the flaws and not an investor, your points are duly noted, now quit kicking a dead horse and move on. If you want to come back and say I told you so at one point, that's your choice.
Am I missing something that is key in keeping this group around here? Live in the past on another board.
wet
(not specific to any one person, but a group in general)
High five to PW.
I know this is a possible loser, but I've chosen to stay with it. Call me what you will. That's my choice. Honestly this money I have invested means nothing. If it were such an issue that I had to be on here and complain day in and out about the liar and cheat JW, then maybe I should have been a little smarter about my investments, or not invested at all.
MHO,
wet
Alright, someone is spitting in our face, not matter what, they're keeping it at .0016.
The only real reason I can see for this is to let the private company employees and the PIPE guys get in at a discount. Lots of support for 17 and it isn't sticking. Some one is loading up low.
This is the first time in a while I've had a feeling that this stock is gonna go back up pretty soon.
If you want it to boil, you have to stop watching it! It's a universal law!
Hmmmmm. Ok. Next time I'll use nicer mean words. =0)
My feelings are still the same though. I'll use my mind bullets!
Until then, I'm gonna keep kicking this lazy porch dog till it does something!
wet
Cant sticky it Evil, but I will high-five the post!
Doggy,
I have, but said pink started drinking and beating his pink wife. Cops came and all sorts of havoc broke out. Now that pink is doing a dime up in chino.
Just here to instigate since all the conversations and arguments are the same each day. Sh1t is sh1t, until it hits the fan or someone curbs the Guard Dog and we all lose.
Do I think W lied, no, I think he was a little to optimistic though, yes. Now he's trying to help out the investors that are the best group out there, and get his pay he postponed; with this upgrade and merger.
Now if I find out that W is out to F us, I'm bitter enough, big enough, and have plenty of money to fly to FL, spend some weeks hunting him down, and laying on some Vietcong style vengeance!
wet
Nobo,
Got this for you:
1) GRDO lost, all subs and website went to CSID to satisfy contract. This was known in 2010, Chad comes on board to orchestrate a shell merger for another company. DM found out and freaked out about GRDO liquidating (made his contract null and void) and blasted GRDO. The company buying the shell doesn't want possible litigation with the merger, they lay off to make sure DM has no case, merger extends by a month.
2) If you're gonna piss and moan, make sure you do your DD (which you should have done before you bought). Read all the Fins and data that was submitted to upgrade :http://www.otcmarkets.com/stock/GRDO/financials
CSID was the backend, 2010 contract was for 3K a month. GRDO screwed the pooch and the contract went to 15K a month. No longer had the subs to support it (see Number 1).
All that being said, the merger company is someone who wants to go public, same arena or not, all is speculation. If any one tells you they know who it is, and its X company that will bring the PPS to $1.00, then let me know and I'll sell you my shares at $.50 (great F'n deal there)!
Anyone let me know if I missed something,
wet
Presence,
we're the fools for believing what someone had to offer. It's a pink and they all stink. 1 in 1,000,000 is the odds of getting a pink that is going to make it/not lie about what's going on. This is my first pink and I've learned my lesson. No love anymore, only out to flip for profit.
Anything over 10% of my initial investment is a HJ and a line of blow, I'm out with that!
wet
It is, Doc said I need penicillin now..
links are bad... mm-kay.
Highspeed,
I agree with everthing you stated. I think that's exactly how it turned out. Everything was looking great in '09, so we got a head of ourselves, only to trip on our own feet and fall face first in the dirt.
After it was realized that the Dog was going the way of Ol' Yeller, Chad came in to work the merger so we wouldn't all be dead and W would get paid (his salary).
wet
One of two things happened there, either W counted free (trial) accounts, or his math was way off/he flat out lied.
Take your pick,
wet
That was funny as *&%$. And sadly, so true.
L, the guys that beat her out did it by killing someone.
Stock,
I have to agree with Web on this on. I loved seeing what people had to say, good or bad. Facilitated a lot of good conversations and made people do a lot more searching for info. It was a few people that started the name calling and then letting oneself get caught up in it. I just chose to ignore those posts.
wet
Everyone said it, dont believe, do DD. Anyone who invest based on others DD or opinions is looking to lose out.
Trust but verify!
wet
I wouldnt say that, but I cant see any real point and sitting here and bashing W. Gets me nothing, if venting helps though, bash away my friend, W isn't squeaky clean by any means!
Only two things to do now that its out in the open, sell tomorrow, or hold on and look to the future.
"Roads, where we're going we dont need roads!"
wet
Binkers,
I agree, and DM, though unprofessional, was pissssssed!!!
W found if he no longer had the subs or the business per say, then the contract with Assurance was null and void.
DM was correct in the fact that the Dog was pretty much liquidated and wanted to let everyone know, forced W's hand. with this whole release of info and updates (Fins had to be in no matter what by the end of March though, and the pound would have sniffed them out).
DM screwed himself though, those shares he did have, shot himself in the foot and helped cause the dump of the PPS. Hopefully he sold them all at a loss for his shenanigans!
wet