Seeking Truth1956's  Instablog

I am writing this blog to expose the lack of depth and intelligence of individuals caught in the grasp of dementia. As they say "FACTS ARE FACTS". So I am including a link to these FACTS as presented by Dr. Daniel Lopez http://beta.fool.com/bruinmd/2012/09/27/belviq-novel-diamond-ruff-treatment-obesity-and-re/12601/?ticker=ARNA&source=eogyholnk0000001 .

Unlike the individuals that post just to hear themselves by way of an investor blog, Dr. Lopez explains (much better than I) the reasons that Belviq will be a blockbuster drug.

Despite these FACTS there are a few of the irrational investors that bet on competing drugs and can't seem to stop bashing ARENA as a means of making themselves feel better despite the obvious outcome that is right in front of their eyes. I call this "blind obedience". These bashers know who they are (and so do the longs for that matter). In fact the subject of this article might even give you a clue to the blindest of them all.

For me I will stick to the intelligence of Dr. Lopez and the inevitable payout that comes from being a long term holder of ARENA. For those of the "blind obedience" sect don't bother to waste the time of the individuals who know better.

Disclosure: I am long 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.

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 (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.