Another lame choppy day in the markets yesterday so the only stocks coming up on my screens are buyouts and lawsuit winners, worthless… Not a ton to say on a day like this so I’ll get right to it. I shorted ARNA late day when I saw what appeared to be fading action. At this point somewhat pleased, but futures are down a ton, so if this trade does become a winner it may be simply because of the overall market going further down. But hey a profit is a profit, I could care less what “macro” effects create it.
Looks like their drug was kicked to the curb, I won’t play this but curious to see where it ends up. Remember kiddies, I shorted at $4.30, its now at 90 CENTS and looks to tank another 20%, cripes.. SHORT
As mentioned above, I’m “ok” with this short, but not in love. What I am in love with is trading this stock I’m afraid. Time to move on!! SHORT
Yet another crappy biopharma, I need to do some more research but the chart looks interesting and shares are available to borrow. SHORT
Since there are no solid picks I’ll spend some time trying to figure this deal out. I’m still confused at this point, but just looks odd. SHORT