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  • Beelzebub Cramer And Other Great Con Men - THE TRUTH 0 comments
    Aug 17, 2012 3:49 PM | about stocks: ARNA

    We knew going into OPEX that the creature from the bald lagoon would surface once again to try to smack down Arena Pharmaceuticals. Since his "Street Laggard" column would not be credible, despite his ranting about Arena on his Mad Money show earlier his week, he chose to put out a "SELL" on the stock today.

    Can you feel the desperation. You can cut it with a knife. You see the other zombies who often spoke negatively about Arena are now gone. Where is Adam Fuerstein? Where are the others. Plain TRUTH is they have been relegated to the bench because their words of wisdom turned to words of trite BS. Now Beelzebub himself has to do the dirty work. According to the Encyclopedia Beelzebub is the "Name of a demon mentioned in the New Testament as chief of the demons". Well he sure fits that role. But guess what his words are not working anymore.

    A check of net cash flow into the company over the last two months has been extremely positive. For you TAs the cup and handle pattern is well underway with the handle (NYSEMKT:IMO) less than a week away from taking off. The MACD has turned positive creating the loved "Golden Cross" pattern which signals upward movement. All this happening in the wake of Beelzebubs frothy verbose nonsense.

    I for one have not watched CNBC programming since Beelzebubs "Pick the Winner" contest. I watch the news releases to get a laugh or two out of THE STREET.CON comedy pages. I know I am probably being a little rough on the little bald guy, but since he sees it fit to rune the lives of thousands of retail investors lives, I see it only fit for him to prepare for the afterlife. Anyone have a pitchfork they can lend him???

    Till next week...The Truth

    Disclosure: I am long ARNA.

    Additional disclosure: I am short Beelzebub.

    Stocks: ARNA
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