Replies to post #10610 on Arena Pharmaceuticals, Inc. (ARNA)

[meschede68]

I've watched this like a hawk today and when it broke 12 the first time it should of went to about 12.30 or maybe 12.50. It blew by 300k ask in seconds at 12. 12.07 it was driven back down bear raid one.

Around 2 pm it was touching 12 again. 5 million shares sold at market and here came the driving of the price down again and finally built back up the last half hour.

For a stock to have enough momentum to reach 12 three times and was heading back up I wasn't surprised to see that Cramer bashed it. He has flip flopped on this a couple of times. He got the call before the show because they ran out of ammunition at the raid late in the day.

Is there a date to have to cover coming up?

[bluebird50]

11.96 is the highest recorded number on this stock for Open/Close price and is a resistance point..... if it closes above it would summon a lot of players on board...

To make my point clear pull of todays chart and use a good one... I'm using the one in my TDA account using 1 minute increments.
The first assault on 11.96/12 resulting in
715k/minute
The second minute
555k/minute
The daily average up till then....
174k/minute

We blew through 1.26 million shares in just two minutes...

Its not just this board that thinks the price is being suppressed....

this is off of FDA play board

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77304625&txt2find=arna