Orexigen Therapeutics Inc fka OREX

[Norm]

I made the same mistake a few times before I finally learned. There are a lot of different things that affect pps after approval including label, time to put product to market and future catalysts just to name a few. I was somewhat surprised that orex did not reach high 6 or 7 b4 approval, but I think approval was already baked in.

Orex has not bounced yet because of the high short interest. One just has to look at all bashes here and on yahoo to see that there is an effort by shorts to push pps down past 5 and take out more stops/retail. I expect another bash s.a article or something on Monday then will go up. Orex has future catalyst (Europe) and will not take long to market. There are also a lot of analysts with high price targets. I think orex will take same route as bdsi and vnda did post approval where price dropped, retail dropped out and the "big boys stepped in.

May drop a little more early next week then we will be above 6 within a week or so.

Look for weekend articles that may also support orex, this could help shorts to cover.

Jmo