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SpeculativeHoldings

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SpeculativeHoldings

Re: gemstone57 post# 946

Thursday, 07/15/2010 3:57:43 PM

Thursday, July 15, 2010 3:57:43 PM

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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....
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