Arena Pharmaceuticals, Inc. (ARNA)

[trade2much]

DewD.. I recently bought back into ARNA, but not without first noting 2 things: 1. a huge gap to fill, one with little resistance, (I am partial to gaps). If there is any strong event anticipation the SP should move north easily, but for one thing; the float is 40% short. Obviously if there is a short squeeze this goes thru the roof, but also assuming that Nov 15th short number is still valid they will fight like hell against letting any rally get out of hand.

I guess it may come down to upcoming events and the significance of them, if significant enough it could make for huge volatility.

Pls let me have your thoughts.

TIA

T2M