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LOL, that means nothing.
LMAO. Yup, that just about sums it up. Confirms my opinion on the extremely over exaggerated market cap this joke of a company has.
You are right. Its gonna run hard right back to $18.00!!!!!!!!!!!
When all else fails increase the A/S and sell more shares!!!!!
You and me both. Im already loaded on the Oct 20 19 puts. Been slowly adding 21.50 puts for next week.
I hope you have an exit plan in place, because starting next week it is gonna get ugly. FB just releasing all this fluff to keep the PPS inflated for their employees to get a little value out of their stock based compensation. I will be loading up the puts. Good luck to you
I am sorry, FB will only bring joy to those who are short in it this year. Earnings come out OCt 23. Analysts only expecting about .07 EPS. Thats a .10 drop from last quarter, plus about a billion more shares hitting the mkt in OCT and Nov. FB may be worth $7-10 a share by year end. And Im being generous there.
There is absolutely no reason to buy FB. Sure, I flipped the calls today because I figured there would be some idiots out there who would get "Zuckered" into buying the fluff news. Overall, I am extremely bearish on FB and will be looking to start playing my puts again Monday morning.
The only problem with your theory is that these new shares were not purchased. The stock was given to employees as stock based compensation. So, no, they will want to get what they can out of it before the stock crumbles. So go ahead and buy all you want.
Now there is a sensible post. Thank you. Yes, there is no way to truly put a price on ARNA right now. I am simply making a judgement call on what I have available in terms of info. Right now, I dont see any true upside potential. Could I be wrong? Absolutely.
I will post here as often as I please. You guys just dont get it. The drug is MINIMALLY effective. I have done my DD, Ive read the study results. My family physician thinks Belviq is a joke. Maybe you should read the results of the study gain. Just getting out and walking around Walmart everyday will cause you to lose more weight than Belviq. As I type, ARNA continues to go down. At least there are some smart people out there like myself.
And I ave told you my opinion on why I think ARNA will never see $20 and will continue to trade in this current range.
1. Belviq is minimally effective. Just exercising, with no weight loss drugs, I have lost more weight than Belviq's study showed the average person losing.
2. Arena has never turned a profit. I dont expect Belviq, a minimally effective drug, to change that.
3. Phen-fen still in the back of doctor's mind. They will be hesitant to prescribe.
These are just my opinions. And yes, I am sensible. That is why I can see through the big dreams on this board. Back when you guys were screaming this was going to $20-40 after FDA approval, I tried to tell you it wasnt going there and that it would come back to $7 or lower. You said then ARNA would see $20 before it seen $7. Hmm, seems the more sensible one, that being myself, was correct. I am glad you are up 300% YTD on ARNA. However, my portfolio is up 2477% YTD because I am more sensible.
Sure, if ARNA gets European approval, it will go back up to the $13-$15 range, but shortly after it will come back down to around this level, because Arena is simply not worth that much.
Killed it on puts again today. Go ARNA!!!!!!!
Looks like ARNA gonna come down today. Just like I said. You guys remember when ARNA was FDA approved and you were all claiming it was going to $40 and I said nope, its going back to $7.00. I was right then, and I will be right this time. Good luck to you.
My bad, you are right. This is going to $20 bucks. What was I thinking? LMAO Go ARNA.
Back to $8 or lower next week.
I guess all I can say to you then is Good Luck. Your big ARNA dream is gonna turn into a nightmare soon. It is you who doesnt seem to understand the trial results or the market.
See you back at $8.00 next week.
Yes, they are loading. Loading their short positions. Everyone knows ARNA is not worth 9.00 a share. Belviq is their only drug and it is only minimally effective.It barely made FDA approval. Chances are slim it gets approved in Europe. Just my opinion, but as you guys keep buying it up, gives me more chances to make a killing on puts like I did today when it ran up to 9.25 and bought $9 puts and rode them down to $8.85. Take it up to $10.00 for me so I can do the same next week. Thanx.
I doubt Belviq will get EU approval either. At least VVUS can come out and tell their shareholders, "Hey guy, we prolly aint gonna get approval over there." Arena gonna keep you on the edge of your seat until the end. BTW, Cramer has right: ARNA is a sell.
Looking extremely overbought at these levels. Waiting for a red candle to enter some puts. Should see a correction soon, imo.
Yup, and while those cash bombs are stoking the market now, they wont be so pretty in the future. The Fed is gonna be printing money non-stop now to fund this open ended $40 billion a month QE. Can we say Bye-Bye dollar value? Ben is leading us right into hyper inflation.
If I were PH, I wouldve done a 100 for 1 split to make sure my pps stayed over a buck for 10 days. I see OTCBB in the near future.
Time for the printing presses to be fired up again.
Cashed in nicely on more 140 puts this am. I patiently waited for the S&P to top out with an 11-12 pt gain, purchased 100 puts for .10 each and once Bernanke disappointed, I rode them up to .26 and sold. Nice profit for 10 mins of work. Like taking candy from a baby. Although I still feel we are going to see some downside in the next month or 2, the markets may actually rally a little next week on hopes that Europe may be making a stronger push to stabilize the Euro. Will be looking to play some calls next week, I have a feeling in my gut the S&P may see 1440-1450 next week. Of course, it could just be gas as well. With that being said, I am still looking for a small 7-10 % correction in the markets over the next month or so.
Nice sell off today. Bought 140 puts this am at .26 and sold them at .56. Expecting a huge drop tomorrow when Bernanke says diddly squat about QE3. Right before his speech, I am going to gamble by picking up 100 or so 138-139 puts. Come on Bernanke, don't let me down!!
I expect now we will see a nice 7-10% correction to the downside. Sept and Oct are historically bad months for the market. I wouldnt be surprised to see high 1200's by the end of September.
November could be quite volatile as well. If Obama wins, the S&P goes back under 1000, if Romney wins we could see new highs.
Just my 2 cents.
I picked up some 140 puts for this week as well today. In my opinion, the market is a little overbought here, so we will see how it plays out.
IMO, it will see $7 or less before $9. Its trading at an unbelievable P/E of 145 X earnings. I say let it drop, then fill positions lower. That is my plan at least. However, I am no market genius, so it may run to $30 tomorrow.
Because people actually think our economy is getting better, LMAO. I love it!!! Please take it higher so I can short the shit out of it.
Yes, they did. But apparently we have analysts on this board that know much more than the analysts on CNBC. But, I tend to go with the guys who actually know what they are talking about. (And I dont mean the IHUB posters) Just increased my puts.
I see your point. I do agree with you for the most part. I only bought 20 calls, and I am not gonna say how many puts I bought, but lets just say it is way more than the calls.
It wont be for long. Hence why I bought July 21 puts, Once Qnexa is approved, which has a much better success rate, Lorcaserin will be obsolete
No worries, man. It is always wise to have money on both sides of the trade. Myself, I purchased Jul 21 puts this am as well as some June 29 calls. I do believe the stock will see a pop to $14-18 if the drug gets approved, but not much more than that. The drug showed marginal success, so I dont see it making ARNA worth much. I see some people here calling for $50 a share. Now that is funny!!!
After doing a little more research over the weekend, I am a little more willing to buy a few calls on Monday. Although I still dont expect a massive jump, $15-18 could be possible.
Im sorry, but one subpar weight loss drug isnt even going to take this stock to $20 much less $50. I am noticing quite a bit of short volume as well. Seems more than a few folks agree with me.
Next week is going to be interesting. I am looking forward to less than positive economic data next week. Im looking for 130 or less. The only possible positive is if the Supreme Court overturns Obamacare or a part of it. Overall, Im looking for the week to be down. Wasnt trying to "diss" you over at ARNA. I just disagree with the drug. And yes, I do have options on ARNA. I got weekly calls and a ton of July 21 puts. I really dont expect it to do a whole lot. I could be wrong. I guess we will see
I was simply giving you guys the benefit of the doubt. Yes, the approval is pretty much priced in. I would almost bet my left *^& that it doesnt go any higher than $14 and that is already stretching it way out there. The company has never posted a profit, they have a ton of debt, the cash they have will need to be spent on manufacturing, marketing, further studies. They are at least a year away from being able to show any profit. I dont see it going to the $20-30 you guys are saying. In addition, there are 2 other companies with drugs that have a better a weight loss rate than this one. I just dont see this having much more value. But, whatever.
Over and out. Good luck guys. Be advised, the approval is already priced in. Good luck all, my opinions have been heard. See ya back at $5.00!!!!!
I am against all drugs. 95 % of them are for profit only and most conditions they treat can be fixed with simple lifestyle changes.
No, they dont need to approve any crap weight loss drug. It doesnt matter if I am a doctor or not. Weight loss can be achieved with much better results and safer through diet and exercise.
Hmmm, last i looked this is a public opinion forum. Wait a minute, imagine that, I posted my OPINION. Thanx
Great, I am happy you did. I have read the studies as well. I still dont believe the drug is effective enough to outweigh the potential risks. JMO. 5 to 8 % weight loss is not a good enough in my opinion. In half the time of the trial, I have lost 15% with simple diet and exercise. Keep buying though. I wish you luck.