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Spencer Osborne
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Spencer Osborne is founder of Satellite Standard Group [SSG], and a partner of Sirius Buzz (http://siriusbuzz.com/). Sirius Buzz covers the satellite radio industry as well as companies that do business in this sector. Sirius Buzz provides information and opinion to readers with an interest in... More
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  • Arena Will Pop If.... 2 comments
    Jul 4, 2013 9:00 PM

    Investors that take the time to sift through the hype and bashing regarding Arena (NASDAQ:ARNA) already know that this equity has been an active traders dream for quite some time. The main reason for that is uncertainty. There is potential with Belviq, but the anti-obesity road is littered with products that have shown promise and failed. Belviq could be different, but caution is warranted. It has many people placing a bet on success, but there are also many placing a bet on failure. Thus far there has been nothing from a sales standpoint to prove either side wrong. Thus...A traders dream.

    When July 5th arrives and script numbers come out it is my opinion that this equity will surge on anything above 3,000 and suffer on almost anything below that number. What you need to know is that the move is likely temporary. In other words, any surge will be followed by a drifting back down, and any dip will be followed by drifting sideways, or down slowly. You see, even with a script number of 3.000 or better this week, the equity has still not proven itself. It would take huge numbers to quell the quest for whether or not this is a blockbuster in the making.

    I have critics out there. Most of them are simply people that WANT the equity to simply rise. I want that as well, but I am a realist. There are only certain things that will make that happen. REAL BIG SALES NUMBERS is what it takes.

    This 3,000 number is not a set-up. Why did I reserve this for an insta-blog rather than an article? Because the more savvy investors will find this and not run around cheering or bashing it, but rather see it for what it is. My critics will not see this, and will lament that I cover the script numbers unfairly. I am anticipating over 3,000 tomorrow, and have already written an article to cover it. I am so confident that I did not yet write an article covering if the number is below. My article is already titled "Arena Surges On Script Numbers. Of course, I will need to see the data and polish up the piece, but the framework is already written.

    Watch the reaction of my critics tomorrow when the data comes out and I cover it. They will find some way to label me as being manipulative. I am not.

    Disclosure: I am long ARNA.

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Comments (2)
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  • Day Trader001
    , contributor
    Comments (779) | Send Message
     
    Nice article, I think 3000 could be a tuff one with the holiday and many personal plans going on. It would be nice if it happens after last week’s theatrics and beat down.

     

    Should it be hammered again I will add greatly to my Jan. 2014 $5.00 Calls and wait it out.
    5 Jul 2013, 08:37 AM Reply Like
  • Spencer Osborne
    , contributor
    Comments (11619) | Send Message
     
    Author’s reply » day trader....

     

    the numbers will be from last week, so the holiday should not be an issue.

     

    Ganjavi is still up to his tricks insinuating that I only hold a few shares and riling up the ones that buy into his stuff. Funny thing is that none of them likely bothered to read this and will fly off the handle at my article no matter what it says.
    5 Jul 2013, 09:02 AM Reply Like
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