Replies to post #11134 on Arena Pharmaceuticals, Inc. (ARNA)

[hdp1]

If 42% is already short, what they gonna do? short 42% more? now that would be sweet 84% short, he he I would have me a short man ass buffet all week. sounds like desperation startin to build with those who made a wrong turn.

[clawmann]

You can't trust the daily short volume figures. ARNA traded 21.3 million shares on Friday. But the short volume numbers are based on a volume of only 13 million. Also, the daily short volume is not a daily net. It does not indicate how much of that short volume was covered intra-day.

As best I can tell, there were 40+ million shorts going into June 27 when belviq was approved. Obviously, a heavy short interest does not always indicate that the shorts know something. Those shorts should have fried, but instead they shorted and bashed more trying to cap the usual post-approval spike. On Friday June 29th, the short interest was 46 million shares, more than it has been all year.

Right now I see a bunch of trapped shorts working very hard to hold the pps back and hoping and praying that a qnexa approval (of any kind) will give them an opportunity to unwind those positions in a less painful way.

I am braced for the storm of anti-belviq nonsense that is sure to come this week. Even if qnexa is rejected or delayed, the belviq bashers will be out in force trying to take the edge off the shorts' pain.

[meschede68]

I am glad that I am not going into tomorrow morning short when vivus is delayed again. I wouldn't be sleeping well tonight because I think there is going to be a surprise in the morning. You better hope vivus isn't halted.