NICE GAINS ON ARENA AS IT JUMPS 25% ON POSITIVE DRUG RESULTS, GAINS NOT AS BIG AS SOME ARE MISTAKENLY THINKING $ARNA

NICE GAINS ON ARENA AS IT JUMPS 25% ON POSITIVE DRUG RESULTS, GAINS NOT AS BIG AS SOME ARE MISTAKENLY THINKING $ARNA

This post was published on ZYX Buy Change Alert.

 

ARNA is long from $16.20.  It is trading at $25 as of this writing.  The company announced positive Phase 2 results for Ralinepag for the treatment of pulmonary arterial hypertension.

The gains are not as some are mistakenly thinking.  The stock was originally bought at $1.62. Since then there has been a 10 for 1 reverse split.  So your cost basis is $16.20 not $1.62.

What To Do Now

Those in the position may consider taking profits on one-third of the position right here around $25.  Move stops on another one-third in the zone of $19.43 to $19.68.  and on the rest to break even. We expect the stock to be volatile.  The reason to continue to hold partial quantity with wider stops is that it is a potential buyout candidate at a significantly higher price.

Those not in the stock may wait for a signal on the Real Time Feed.

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