Arena down as SA author highlights 'multiple red flags'


Arena Pharmaceuticals (ARNA -2.4%) is a strong sell on multiple red flags, says SA contributor The Pump Stopper.

Among these is the company's failure to disclose an SEC investigation, heavy insider selling, Belviq sales roughly 80% below expectations, and a new formidable competitor OREX awaiting what could be imminent FDA approval of its own product.

Price target: $1.25, or about 80% below the current level.

From other sites
Comments (21)
  • wheelz23
    , contributor
    Comments (66) | Send Message
     
    SA should be proud of this article. Where else can I find pictures of Apollo Creed and Danny DeVito in the same article!!
    6 Jun 2014, 02:41 PM Reply Like
  • oneotherfool
    , contributor
    Comments (432) | Send Message
     
    Just put a bid at $1.26. I won't be too greedy and wait for $1.25. Go ahead, please make me rich "Pump Stopper".
    6 Jun 2014, 02:50 PM Reply Like
  • derrickthms182
    , contributor
    Comments (664) | Send Message
     
    Haha yes if he can pull off another PVCT that would be epic.
    6 Jun 2014, 02:52 PM Reply Like
  • bubblehead
    , contributor
    Comments (14) | Send Message
     
    This is nothing more than bad entertainment.
    6 Jun 2014, 02:59 PM Reply Like
  • Patent News
    , contributor
    Comments (1474) | Send Message
     
    very strange headline, very strange methodology on part of author to get shares to crash obviously hasnt worked yet and PVCT seemed like a fluke.
    6 Jun 2014, 04:07 PM Reply Like
  • oneotherfool
    , contributor
    Comments (432) | Send Message
     
    I too, am surprised that SA seemed to be proud of such a piece to post such a strange headline.
    6 Jun 2014, 06:27 PM Reply Like
  • Chris Lau
    , contributor
    Comments (3986) | Send Message
     
    Reading the article made me feel dirty. It looked like a hit piece. You could tell, because of the use of famous people in movies, awkward use of italics, and exaggerated target price.

     

    Right off the bad the insider sales was misleading. The last sales were all automatic ones (http://bit.ly/UGCpQK)
    6 Jun 2014, 04:58 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9513) | Send Message
     
    An article that nobody at SA should be proud to be associated with.

     

    If this is the "new" SA, then I want no part of it.

     

    Objectivity and facts should rule the day.

     

    What a shame.
    6 Jun 2014, 07:19 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6933) | Send Message
     
    Hey, SA just became another news source. Stocks move on the news. Important is to separate the news from the noise.
    6 Jun 2014, 08:05 PM Reply Like
  • Jim Roof
    , contributor
    Comments (454) | Send Message
     
    Craig Audet (Arena Senior VP) has notified Arena attorneys and NASDAQ officials about this hit piece.

     

    There are groundless innuendos, multiple errors of fact and an obvious lack of journalistic integrity in this 'article'. There are sections that appear to be open and shut libel as multiple officers of the company are accused of wrongdoing with nothing in the way of actual evidence.
    7 Jun 2014, 08:27 PM Reply Like
  • gbryman
    , contributor
    Comments (4) | Send Message
     
    This sort of article should be illegal. It's not informative, it's essentially a method of scamming.
    8 Jun 2014, 03:45 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (6933) | Send Message
     
    It's business advertisement at the finest. I mean, how many times you saw a nice tasty steak on TV, but when you bought it, it wasn't what it looked like on the ad? But hm, false ads are illegal, if I'm right.
    8 Jun 2014, 12:03 PM Reply Like
  • rteas
    , contributor
    Comments (40) | Send Message
     
    Hey SA,

     

    Is it your normal practice to publish ultra-negative hit pieces about small company stocks from anonymous shorts? Will you disclose to your readers whether you received (or will receive in the future) any payment or favors from anyone in return for publishing this article?

     

    Thanks for the clarification of your policies.

     

    RTEAS
    8 Jun 2014, 04:35 PM Reply Like
  • FUDtracker
    , contributor
    Comments (93) | Send Message
     
    It's fascinating that you would promote this type of garbage. Hopefully you have a good legal staff....I have a feeling you'll need it.
    8 Jun 2014, 09:17 PM Reply Like
  • Robert J. Yale
    , contributor
    Comments (301) | Send Message
     
    Some readers may have noticed that SA has already re-titled the above from, "Seeking Alpha Moves Stocks" to the current title. Why would that be?
    8 Jun 2014, 09:38 PM Reply Like
  • bnhm
    , contributor
    Comment (1) | Send Message
     
    SA and its contributors are fraud. I receive emails every day. After publishing this message, I'll opt out so these I'll never receive emails from SA any more.
    8 Jun 2014, 10:14 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6933) | Send Message
     
    Well, for one, I hope I am not a fraud. And I am pretty sure there are some contributors here who are definitely not fraud.

     

    You will get bad eggs in SA just like in everyday life (there are bad people in the world). It sucks when SA or any group loses credibility by a few bad eggs. I think the editors should be more critical of all articles. I have a feeling that they are more critical on authors who don't post often (like me) and less critical on authors who post often.
    10 Jun 2014, 12:12 AM Reply Like
  • FUDtracker
    , contributor
    Comments (93) | Send Message
     
    You forgot to tell Marketwatch to change the title of this article as you have done....they are still listing "Seeking Alpha Moves Stocks". You've been exposed!
    9 Jun 2014, 07:52 AM Reply Like
  • tunetopper
    , contributor
    Comments (19) | Send Message
     
    SA is a mouthpiece for criminal stock manipulators. I thought the SEC and FINRA had put most of these guys out of business. These practices were very prevalent 10 years ago, but had almost faded into obscurity.
    9 Jun 2014, 09:30 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (6933) | Send Message
     
    Jim Cramer is the biggest market mover. Stocks he recommends often pop. But then again, so does Buffett.
    10 Jun 2014, 12:15 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (6933) | Send Message
     
    "The Pump Stopper"
    10 Jun 2014, 12:16 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs