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A Shift In Momentum - The Truth 4 comments
In my weekly blog I have tried to discuss and understand why analysts and naysayers are doing whatever they can come up with to dissuade people form either understanding the science behind Belviq and why it is the superior weight loss drug to be marketed in over a decade.
Ofcouse our friends at Street.com continue to work an angle that just makes no sense. In their article yesterday http://www.thestreet.com/story/11642616/1/arena-pharmaceuticals-inc-arna-todays-featured-drugs-laggard.html?puc=yahoo&cm_ven=YAHOO
they implied or just leave the "im" off implied that Arena was the reason the biotech sector was down yesterday. However, in the same article they indicate Arena was not even a significant mover as compared to the top biotech losers. This is not the first time they have run this article having done it on three occasions now.
So I ask a sincere question...WHY???
If you glean over the message boards for Belviq you can hardly make out a sane discussion on the boards anymore.
So I ask a sincere question...WHY???
The answer my friends is not blowing in the wind. I am here to state that those of you who suggest this is a massive plot to run investors away from Arena are spot on. Volume for the past several sessions has been at yearly lows yet the stock slips in price a little each day. If you look behind the curtain you will see that in 4 of 5 sessions the past week more money has flowed into Arena than out of Arena. So why does the stock not respond accordingly.
The most probable reason is that the retail investor is not trading because of continued FUD and some share holders are giving up. This move downward is a stabilization/quiet time in which the stock is taking a breather. Watch any stock and you will see that very so often a new base needs to be built. Our base is around $9.50. Lack of news from the company is being blown out of perception. The next conference call should take place in the ext 2 weeks. Just be calm if news does not come out until then.
While I am not a seer I will say that upside potential is much greater at this point. Additionally, given the lack of news and FUD being spread Arena shares are not doing badly. Taken as a whole selling at this price would be irrational behavior in my opinion.
This is my Truth and I am sticking to it. Until next week I bid you smooth sailing!
Disclosure: I am long ARNA.
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This post has 4 comments:
"I am here to state that those of you who suggest this is a massive plot to run investors away from Arena are spot on."
More facts, less opinion would make any journalism piece much more credible.
I am on your side on this one, I think the balance of trading history tells the logical opinion you have outlined. Long ARNA for a long time.
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