Replies to post #16766 on Arena Pharmaceuticals, Inc. (ARNA)

[clawmann]

Read the last line of my last post.
Ever sine the proposed scheduling rule was published back in December, I have been consistent in saying that the the final rule would most likely be published at the very end of February or the first week of March.

The author of that article is saying the same thing, but I don't think he really understands the process. For example, there is no "45 day response period". DEA has historically taken between 20 and 65 days to publish the final rule after the close of the 30-day public comment period. So 45 days is about the average, but there is no "45 day response period". And it is an error to call it a "response period". After the public comment period ends, the DEA must review the comments received and take them into account when finalizing the rule. When the final rule is published, it must contain a summary of the comments received, and the DEA's response to those comments.

There are other technical/terminology issues with the article, like the author's use of "30 day hold period", when what he is referring to is the normal 30-day "lag" period between the publication of the final rule and the date on which it becomes effective. However, that lag period may be waived in Belviq's case, which would mean that the rule might become effective upon publication.

[centurycom]

Not sure....

if you can trust the street, or analyst on Belviq. Too many conflicting opinions based on good or bad investment decisions. But you are right you do need a plan. Mine is to ride the wave after the DEA scheduling right up until launch. Set my stop loss order leading into the initial sales figures ( allowing for what I determine as an appropiate price fluxuation-not too high or too low) Then depending on the circumstances deciding whether too stay in if I still am, or getting back in if I am not. Better to be cautious on the side of practicality, than lose because of greed and throw caution to the wind. Probably best to find a paid service that can give up to date figures on the the status of short positions and institutional buying or selling. Anyone have a recommendations?