Replies to post #22443 on Arena Pharmaceuticals, Inc. (ARNA)

[stocktrademan]

it those newly issued shares that made me nervous - i suppose i could have made a few more bucks holding instead of selling post split - but oh well

best wishes

$ARNA

Yeah I can understand the reverse split caution, have experienced its effects in penny stocks in the past. In this case it was noticed the chart was already adjusted for the split and the indicators were still operating normally without any gaps etc...That means a lot of people were watching the chart and made sure if the chart needed adjusting they contacted support right away. In other cases the larger companys data feeds will auto-update price for splits. This shows high interest and a lot of money in the stock that isn't going anywhere soon to me if the chart is attended to like that.

Also by looking at charts over time to make strategies I never really found finding when the chart had splits affected how the indicators worked. So it faded back as a non issue on the charts where it was automatically taken care of.

Noticed the PPO was above 0 so the chart should be uptrending and recently crossed up, and price is breaking out over resistance with high volume giving the nod for continued rallying. Now if the chart was some penny stock with a big gap then yes would have not been around.

But this is a large company with a lot of money holding stock, so it's different than some otc stock. Are the market makers "worth more" than the people buying or holding the stock or its market cap currently, maybe with a otc or pink stock but don't think so for this nasdaq listed one. That's how I looked at it....