PainMed Investing

[sts66]

Yes, finally it got off it's azz and started moving, should continue up to the $11-$12 range, especially once V gets Euro sales approval, something I thought would have happened by now.

On another note, have you been following the wild action on ARNA?!?! Boyo, did I make a huge mistake waiting/trying to get it in the mid 6's a couple days ago, it just continued to skyrocket, hit $8 today! I managed to grab some for my ROTH at $7.17 and my first lot for my IRA at $7.21 this morning before it really took off.

Doesn't look like it's going to turn around before the FDA panel decision, shorts keep piling on and keep getting crushed. The entire "old" short position from 7/15 has been traded both yesterday and today, ~ 23 mil shares. Today's volume was a whopping 33 mil....Wowza! Even more amazing considering that 55% of the 100 mil float is locked up by institutional investors!

The financial numbers for ARNA's potential earnings are just unreal, staggering in fact...while I was trying to save 10-20 cents/shr someone posted some estimates that made me realize how silly I was being so I pulled the trigger. Still want to double my share count in my IRA, probably do it Monday.