Tuesday, September 22, 2009

Buying ARNA @ $5.08

As announced in my previous post, I am buying Arena Pharmaceuticals (ARNA) on the Nasdaq for a total of $2,500 and add this position today to my portfolio. My stop loss is at $4.0.
This is a trade I expect to hold for the long-term (several months).
I will add more shares for an additional $2,500 if price of ARNA goes above $5.50.

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