I would like to go long on Stocks on ARNA, but I am better off closing my calls and collecting the time premiums now, and then buying back in at market price I think, then exercising them at opex date?
really dumb question but, what's going to happen to all those shorts? besides losing their shorts?
I assume institutions will wait for initial spike to subside to cover. Mom and pop will scramble to cover at open... I dunno, should be a lol thing to watch.
defjukie said: Not sure if this is what you're asking, but they all have to cover. Which is going to send the price soaring.
^remember jd, your prediction was $11-12 on approval!
Trying not to get hopes up
I do think much of this was priced in. People on yahoo finance are claiming this crap will open at 20, lol... I think it opens somewhere between 11 and 13... we shall see
I say hold, this approval means they're first to market at the very least. On top of being the safest option. And possibly the only option, depending on how VVUS and OREX's approvals go.
usernamemax20charact said: What to do with ARNA. Assuming it goes up, sell for quick little profit or hold for few days then sell? Hmmm.....
This morning I was looking at that stock that got FDA approval yesterday and shot up. It hit a high of around 15.xx and closed at 12.xx. Today it was trading at 14.xx. So went up from yesterdays close. Don't know if that applys to arna or not.
jd2010 said: defjukie said: Not sure if this is what you're asking, but they all have to cover. Which is going to send the price soaring.
^remember jd, your prediction was $11-12 on approval!
Trying not to get hopes up
I do think much of this was priced in. People on yahoo finance are claiming this crap will open at 20, lol... I think it opens somewhere between 11 and 13... we shall see
felt like an idiot, literally. suicidal (Well, maybe not that bad); sold my 500 in ARNA this morning. Then got stung trying to play OREX (10000 shares)
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