Arena Pharmaceuticals, Inc. (ARNA)

[misanthrope]

President of VVUS resigns; stock shoots up after days of dropping. I continue to watch OREX, VVUS, and ARNA (and continue to add ARNA at these levels after scooping up my post-ADCOM/FDA earnings).

Seems to me the same story here since FDA approval - need a sales ramp up to move the PPS higher. It has taken longer than the market wanted, so the price drops. For my money, the sales will eventually come, and so will upward mobility for the PPS. I am willing to wait; those who got in too high likely aren't (can't say I blame them...).

The other consistency is that ARNA has strong a very strong distribution partner, plenty of cash, a working pipeline, etc... all positives IMO. ARNA longs just have to be willing to wait out the short term drops.

GLTA