Arena Pharmaceuticals, Inc. (ARNA)

[hdp1]

been doing my homework and heres my opinion- ARNA is under accumulation (slow and steady) which gives shorts intra day opportunity. 3mil a day is about average at this time with quick covering when macd changes corse and buying starts. most are just trying to get even from eailer blunders. the hard core shorts that are still holding for $7 are few. most have moved to options. however, monday and tuesday will be there time to attack, and also longs opportunity for a good squeeze. hedge boys will allow pps to drop before a wave of discount buying. this scenario wont happen if big money starts competing for shares, which could start anytime they reach a value consensus. but I still feel that 1 more scare is coming next week. should be fun fun fun GLTU and by the way, Im wrong 99% of the time. :)