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  • What's In It For Me - THE TRUTH 0 comments
    Aug 25, 2012 5:58 PM | about stocks: ARNA

    Followers of my blog may ask why I spend each week preparing a blog in this Arena space. I mean what is in it for me? Well the truth is other than an investment I have a very important reason. I am a diabetic, I am a few pounds overweight, and I am very hopeful that Belviq can help me reverse these complications. I am also hopeful it will help reverse yours as well if you suffer from the same situation. So I would be less than truthful unless I spelled out all my reasons for being an ARENIAC. Nope I did not invent that title. It was my good friend Adam Feurstein of the Street.com and ya know what...I am proud to be an Areniac!

    This is my segway to what has happened to the author of that term. Apparently he has fallen off the edge of the earth. I mean afterall how many times can you make a fool of yourself. Take Shane Blackmon...please take Shane Blackmon...one of the biggest haters of Arena...gone, Matt Herper gone. The list goes on and on. These people can't just vanish into thin air. Or has something else happened?

    For the last several weeks Arena has been in a stabilization stage which now appears to be support at $8.50. The MACD has turned positive, the trend has turned positive and this has been on shrinking volume. This indicates to me that the selling after the initial approval is now over. Risk at the present time is very low. Since I am a long term holder and believe science will prevail I have don't care to much about price per share. However, day traders will continue to play the stock and short traders will continue to bet against the stock.

    There will be one of two outcomes for the long term investor. Either we will see a sharp rise in the stock or a decline in the stock. For me the next several months will be a continuation of the ride towards $50. No, this won't happen over night but unlike short traders and day traders my risk is very low and with binary events being plentiful over the next 6 months I look to my friend Mick Jagger who tells me "TIME IS ON MY SIDE".

    In your corner...THE TRUTH

    Disclosure: I am long ARNA.

    Stocks: ARNA
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