Arena Pharmaceuticals, Inc. (ARNA)

[Kelroz]

If I had listened to *Nitty* as you call him I wouldn't have made serious bank on the AGRT bounce last week.......

No one is right all the time and besides charts are irrelevant for anyone long on ARNA. The only thing that really matters is the FDA decision. Its either up big or down big. I have Friday puts and have lots of cash on the sidelines if its a no decision for the bounce play.

I however think it gets the thumbs up and makes a run to $12-15 before pulling back while waiting on the VVUS FDA decision.

Now tomorrow could be interesting. Maybe we will get another bear raid. Good trading opportunity for many.