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Author: GROMERDAVID Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3869  
Subject: DON'T LISTEN TO YOUR NEIGHBORS Date: 5/6/2009 12:01 PM
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I RECENTLY LOST A TIDDY BIT OF CASH LISTENING TO MY NEIGHBOR'S ADVISE. THE STOCK IS ARENA(ARNA) WHICH IS WORKING ON A WEIGHT LOSS DRUG WHICH IS IN PHASE 3 TRIALS. AS A PHARMACIST I NEVER INVEST INVESTIGATIONAL DRUGS BECAUSE OF THE RISK. I MUST OF TOLD THIS GUY A DOZEN TIMES I WASN'T INTERESTED IN THIS STOCK. BUT GREED TOOK OVER. HE TALKED IT UP AND HOW MUCH HE HAS ALREADY MADE AND THE DOWNSIDE WAS SMALL(TRUE).
THIS STOCK WAS AN AMBUSH. I FIGURED IF THE STOCK DIDNT MOVE UP BEFORE THEY REPORTED THEIR PHASE 3 TRIALS I WOULD GET OUT. SURE ENOUGH THE FRIDAY BEFORE THE ANOUNCEMENT THE STOCK MOVED UP ABOUT A POINT. I STAYED IN AND SUFFERED THE CONSEQUENCES. I WILL NOT TALK TO MY NEIGHGOR ABOUT INVESTING AGAIN. THE ONLY GOOD RECOMMENDATION HE HAS GIVEN ME FCX
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