Replies to post #5063 on Arena Pharmaceuticals, Inc. (ARNA)

[flybucks]

.40 drop to $6 x 10k shares = $4k = almost 700 shares if that helps you decide :-)

doubt if it will hold $6 if it heads down there....look at more likely support at 5.75 or 5.50

fun daytrading til binary :-)

[sts66]

Heck, I looked at buying another $5k worth in my cash account but still can't justify selling AVNR at a loss to buy 750 more shrs of ARNA - cost increase goes up 60%, # shrs only goes up 26%, and even if the pps hits $40 profits only go up 24% - a "victim" of having a really low basis in that account. And since that is taxable money, I don't necessarily want to be owning much more there anyway - heck, all the additional profit would go to the IRS!