Arena Pharmaceuticals, Inc. (ARNA)

[hdp1]

short hedges are traped by long hedges, they cant cover huge posistions in this range. Im ready to add if pps falles under 8.75 this is a setup for a massive squeeze. but this time it will fly past 13.50 and proly stall between 15 & 17 unless shorts cover slow and steady pushing price above 10 and cover by 12 before january. all scared money is long gone, and buyers are waiting for support levels and or launch of BELVIQ to enter. of corse this is just my opinion. Ive been waiting a long time for the rare home run payoff, too long to give up now that its so close. so I welcome a chance to top off at 8.50 but I give it a 50-50 chance of seeing that again. GLTA