• Michael Bryant
    Both Orexigen Therapeutics (OREX) & Arena Pharmaceuticals (ARNA) surged Tuesday as ARNA's FDA decision date nears.
    6/13/12
    Reply (22)
    • Maria Auziliadora: When is the date??
      6/13/12
    • Michael Bryant: I think ARNA's is June 17th.
      6/13/12
    • Maria Auziliadora: soon!!! thank You!!!
      6/13/12
    • Maria Auziliadora: on a sunday?? don't like that it can be a nice surprise or a bad one!!!
      6/13/12
    • JHBrockin: Are u suggesting to sell or hold ARNA ??
      6/13/12
    • JHBrockin: Are u suggesting to sell or hold ARNA ??
      6/13/12
    • Maria Auziliadora: No I am not sugesting that but I hate not knowing but the worst scenario would be to postpone the day and it can affect ARNA somewhat
      6/13/12
    • Maria Auziliadora: I was reading that ARNA is going up because of the date or people covering I bet they are shorts thinking it won't be approved
      6/13/12
    • Maria Auziliadora: some people sold though ARNA was higher
      6/13/12
    • Michael Bryant: Drug stocks is usually halted on FDA decision dates, so having one on the weekend might be their strategy.
      6/13/12
    • Michael Bryant: Either way, you won't be able to trade when the FDA decides. That is the "gamble" of drug stocks.
      6/13/12
    • Michael Bryant: And oops, ARNA's date is Jun 27th. Sorry about the mix-up. Just checked my calendar. (Just got home)
      6/13/12
    • Michael Bryant: But I can say, ARNA looks to stand a better chance against the FDA than VVUS. ARNA's drug has a quite simple chemical structure.
      6/13/12
    • Michael Bryant: Have you though of doing a straddle or strangle option play?
      6/13/12
    • Maria Auziliadora: yes I am going to just in case Good thing is June 27th thank you for letting me know
      6/14/12
    • Maria Auziliadora: Michael did you know that VVUS Ceo sold 50k shares of VVUS and bought ARNA check it out!!
      6/14/12
    • Michael Bryant: Nope, didn't know. Thanks for info. As you make have seen in my latest article here, I am skeptical about VVUS' drug.
      6/14/12
    • Michael Bryant: I'm also not completely positive on ARNA's drug, but further research showed very little red flags.
      6/14/12
    • Maria Auziliadora: I feel the same way about you not confident on VVUS and if it passes the stock has ran a lot already now ARNA I feel a little better but I
      6/14/12
    • Maria Auziliadora: will do the straddle
      6/14/12
    • Maria Auziliadora: Michael VVUS CEO bought some ARNA and I looks like is options of course he didn't buy the 50K that he sold of VVUS advertising costs $$
      6/18/12
    • Maria Auziliadora: and neither one of these companies have sold a pill yet until it gets passed
      6/18/12