Arena Pharmaceuticals, Inc. (ARNA)

[JJM760]

People can spin this anyway they like. ARNA was priced for death to Loc. This wasn't a death ruling, it still has a pulse. How strong a pulse can be debated. Some may contend that it was more favorable than others, but regardless it will be viewed as a favorable CRL on Monday am. That, along with a massive short interest, should make for an interesting trading day. Shorts should be as nervous this weekend as longs were going into the FDA ruling. Longs dodged a bullet. Obviously that's my opinion and I have backed it up with a decent size wager. I think we land somewhere in the mid 2's on Monday am. Soccer, Superfly and the rest of the ARNA permabears please let's hear your story.