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ARNA - Anyone Making Money, or Any Shorts Getting Ripped

4K views 63 replies 9 participants last post by  KingNikan 
#1 ·
Man,

ARNA is ripping me a new one. I shorted it on a Parabolic move, and since have been stuck in this thing. However longs are loving life, seems like up a dollar everyday. It was 1.70/Share little less than 3 weeks ago, and now today 11.90's after hour. 350% return, on a 3 week move, and everything overbought to the extreme, but we know things can stay overbought for as long as it takes. So far, have taken a -300 realized loss, and -500 unrealized.

 
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#2 ·
Funny, I just sold off what I had in ARNA today. I've held it for three days and came out nicely on the short term movement.
The way ARNA has been rising has been very much like it has been FDA approved even though it hasn't. Personally I don't think it has room to go anywhere significant. I'm predicting another drop coming up soon, down to $9.50, possibly $8.75.
 
#3 ·
Well, the force is strong, and it'll be a while until they forget about it. Today record volume again, nearly 60Million shares traded. More than likely it'll continue this trend of, gap up, squeeze, end of the day run, and repeat. Hopefully I can stay solvent until the drop. When it does drop, it'll be back in the 1's, I just hope I can capture some of that drop. So far it's been drip drip drip for me as a short, also the short average is getting little too far from the stocks' price lol.
 
#4 ·
I'm still holding onto my position, it'll be a tricky setup next week but I think I have something pretty well mapped out ;).

This stock will go back down into "nothing" status. It will be a typical FDA approval play, as said above, one big gap up, even more significant than what we have seen and then a long period of digestion back down to the low 5s maybe even 4s I would predict.
 
#5 ·
Interesting that my Broker doesn't have shorts on it today, so I don't know if the MM's are trying to go reversal on this, or it's just a consequence. They have had shorts on ARNA almost everyday and as much as 10,000 shares available today however 0 shares available to short. We'll see how that effects the stock.
 
#8 ·
What a day, went from -666 to +250 in 5min. Crazy, I bet big money was lost, not really sure if any shorts made much to be honest. Unless you were short from yesterday and covered in that drop, you didn't make much. Today morning there were no shares to short, so unlikely to know if anyone got any 12.40's short. I know a lot of long's stops got hit, all those who bought into 9's and were up 5000-10000, ended up getting their stops hit at a dollar below in the 8's and talk about being up 10K, and having a loser position in 5min at -5000. Not sure if the drop was dilution, since they said they were dumping 80M shares at 8.29 or MM's having some fun. It'll be interesting to see where this goes.


 
#11 ·
It will be a world of chaos when it gets approved, better be on top of your game this week gentlemen. I don't know if I will have the balls to keep it till then, I might dump out 3/4 on Monday. I've had it since 6.50 so I'm already making a decent buck, don't want to risk it all.
 
#26 ·
I'm still trading ARNA almost daily now. If you pay attention to VVUS, HZNP and AMRN (other pharmaceutical companies on the approval list for July) you'll find that they are highly correlated so ultimately you can actively trade more than one if they line up right. VVUS approval is next week I believe and AMRN/HZNP is later but also in July.
 
#28 ·
I would be more than content with the 40 cent play! Problem with these pharmaceutical stocks is that they are traded like 95% based on emotion and 5% analysis so I messed up quite a bit when I first started trading these using only technical analysis.
 
#32 ·
its ok bro..the real question is why u holding this all the way down?? there are tons of easy stocks to play so find a stock that moves better that gives you an edge. you dont have to win on THIS stock. you can win on any stock so find one that fits what you need it to do!

MM manipulation is mostly urban legend to make certain types of chatroom traders seem smart like they have some secret sauce. for the most part when your holding a stock for days upon days your going for a 20% plus type gain so an MM manipulation wont even effect you as that is more on a microscopic zoomed in scale and can effect a stocks movement 1-2 pennies at a given time.


I feel ya though..i have never had luck with arna there are a lot of variables when trading a news stock lots of variables
 
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