tag:blogger.com,1999:blog-468445491295442643.post916161195736234763..comments2023-10-01T08:54:47.538-07:00Comments on Random Thoughts from an Organized Mind: NEMJ article on LorcaserinGaucho Greg http://www.blogger.com/profile/01520322601486658854noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-468445491295442643.post-18196947351477181192010-07-15T13:50:37.581-07:002010-07-15T13:50:37.581-07:00Chris, you got your answer. I thought ARNA shares...Chris, you got your answer. I thought ARNA shares would fall in sympathy with Qnexa rejection, but I didn't think they would fall that hard. In hindsight, I should have sold some in the $5's, and re-bought back in below $4 (it briefly touched $3.70 after the vote), but cooler heads are already driving ARNA back up after hours. This is a hold, as usual, for me. I am not a trader, so I don't try to time the tops or bottoms. Every investor/trader has to understand his/her own risk tolerance, strategies, valuation methods and temperament, and trade accordingly. I will trade occasionally on the fringes, but I always keep a core position in an asset I am bullish on, including ARNA. Long-term, this is a HUGE opportunity for ARNA, as a big competitor is now off the table. All my long-term models see a share price in the double-digits--at least, and today strengthens my resolve. $4 is a gift, in my opinion. See disclaimers on the side bar, and definitely still long ARNA.Gaucho Greg https://www.blogger.com/profile/01520322601486658854noreply@blogger.comtag:blogger.com,1999:blog-468445491295442643.post-17288794258400657162010-07-15T11:44:36.429-07:002010-07-15T11:44:36.429-07:00So do you hold strong here. I see ARNA going down ...So do you hold strong here. I see ARNA going down if the panel gives VVUS a down vote today in after hours. But I also see it strengthening ARNA's position in the long term. What to do, what to do...Chrisnoreply@blogger.com