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Old 08-19-2009, 10:40 PM   Nav to Top  #1
kabilius
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Default ARNA - Arena Pharmaceuticals - Clinical Trial result in September

Hi all,

I have been looking at Arena Pharmaceuticals (ARNA) for the past week, and I think it might be a good time to get in now.
ARNA found a bottom @ $4.2 in the past 3 days, and it had a nice small gain today (4.44%)

ARNA is expecting to release their phase 3 clinical trial result of its obesity drug in September 2009, then it is planning to file the drug with FDA before the end of the year.

Arena Pharmaceuticals Cuts Loss, Focuses on Obesity Drug
"A study of 3,200 people on the drug for a year showed that two-thirds of patients lost at least 5 percent of their weight, with an average weight loss of 17.9 pounds.
That surpassed an FDA guideline for weight-loss drugs: At least 35 percent of people taking a drug must show a 5 percent loss"

In the technical perspective, the indicators show buying signals. There is a resistance @ $5, $5.2, and $5.6.

Good luck
kab

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Last edited by GazD; 08-28-2009 at 05:17 PM.. Reason: Chart
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Old 08-20-2009, 12:50 PM   Nav to Top  #2
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Originally Posted by kabilius View Post
Hi all,

I have been looking at Arena Pharmaceuticals (ARNA) for the past week, and I think it might be a good time to get in now.
ARNA found a bottom @ $4.2 in the past 3 days, and it had a nice small gain today (4.44%)

ARNA is expecting to release their phase 3 clinical trial result of its obesity drug in September 2009, then it is planning to file the drug with FDA before the end of the year.

Arena Pharmaceuticals Cuts Loss, Focuses on Obesity Drug
"A study of 3,200 people on the drug for a year showed that two-thirds of patients lost at least 5 percent of their weight, with an average weight loss of 17.9 pounds.
That surpassed an FDA guideline for weight-loss drugs: At least 35 percent of people taking a drug must show a 5 percent loss"

In the technical perspective, the indicators show buying signals. There is a resistance @ $5, $5.2, and $5.6.

Good luck
kab
In @ 4.00. Let's go fat people!! LOSE THAT WEIGHT!
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Old 08-20-2009, 05:40 PM   Nav to Top  #3
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5,000 in at 4.23
We will be #1 throwing our hats into the FDA RING !!
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Old 08-20-2009, 06:21 PM   Nav to Top  #4
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Hmm, both of your entry points are lower than mine, I guess you guys are early birds, huh?
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Old 08-20-2009, 06:27 PM   Nav to Top  #5
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My girlfriend is a Nurse Practioner in mental health (perfect for my crazy ass) who also likes to trade. She has been watching the obesity drug awhile because a number of her patients are Anorexic/Bulemic and also wants to buy the stock.

This thread was the last straw, had to get in ASAP.
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Old 08-20-2009, 10:55 PM   Nav to Top  #6
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Originally Posted by kabilius View Post
Hmm, both of your entry points are lower than mine, I guess you guys are early birds, huh?
yeah i have held since back in may when i bought in at 3.73
sigh.. then it hit 4.12 and after 2 weeks of watching it stagnate i sold for a small profit
that was the friday before they announced positive bloom results on saturday
so... had to get back in that monday morning @ 4.23 - i have seen profits slip by me in that time but I am holding strong - not gonna let a few thousand entice me when the possibility of $10+ is out there for arna come sept/december

soo.. here's to safety and efficacy - both of which ARNA possess
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Old 08-20-2009, 11:13 PM   Nav to Top  #7
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Originally Posted by doc4life95 View Post
yeah i have held since back in may when i bought in at 3.73
sigh.. then it hit 4.12 and after 2 weeks of watching it stagnate i sold for a small profit
that was the friday before they announced positive bloom results on saturday
so... had to get back in that monday morning @ 4.23 - i have seen profits slip by me in that time but I am holding strong - not gonna let a few thousand entice me when the possibility of $10+ is out there for arna come sept/december

soo.. here's to safety and efficacy - both of which ARNA possess
Well, just to play safe, I am going to sell at least half before the efficacy result...
AEZS scared me with clinical results....
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Old 08-21-2009, 03:53 AM   Nav to Top  #8
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i will pick this one up tomorrow if it dips below 4.25.

as soon as it hits 4.50 (assuming I pick it up at 4.25) I will be out for a quick profit.

may have to tweak this strategy depending on tom's events.
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Old 08-21-2009, 11:48 AM   Nav to Top  #9
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Originally Posted by andre3k1 View Post
i will pick this one up tomorrow if it dips below 4.25.

as soon as it hits 4.50 (assuming I pick it up at 4.25) I will be out for a quick profit.

may have to tweak this strategy depending on tom's events.
$4.25?! I sure hope it doesn't drop that low...
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Old 08-21-2009, 04:10 PM   Nav to Top  #10
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Originally Posted by kabilius View Post
$4.25?! I sure hope it doesn't drop that low...
slowly dropping... at 4.45 right now

tho my prediction was wayyy off (i'm still new to this)

only thing im actually in right now is SIRI and C and I think I have gotten extremely lucky with those. Probably will cash out from SIRI before 4pm.
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