OREX - Orexigen Therapeutics - Page 5

Agreed to the above post...

If you haven't already entered, it's likely an extremely high-risk long. The short interest I read was 19% ([buy] covers for the short), and it's at 16% gain as of now. I don't know how much further it will go before it loses it's steam and plummet again.

There are other pharmaceuticals with higher return vs. risk..

400 shr quick scalp for $174 profit. shorts covering?

Yeah avoid this like the plague if you are going long.  I'm not even sure if there is anymore room in short term profits, but long term they'll definitely have to dilute to raise R&D / study money to get this drug approved.  Could easily trickle down to practically nothing, avoid it.

Made $3,500 with $3,500 on this beast :D.... Purchased 100 call contracts (April exp, $3 strike) for .35/share Wed... Sold today at .70/share... I would definitely avoid this stock at this point, as I stated before. But, I don't think they're going to fall below $2.50 range, even worse case... They have other things on the market (optometry stuff).. Yay for short interest climb, though. :D

What's thoughts on this stock?  It had a nice rally but now has definetely pulled back...

Is anyone shorting this stock?  IF there was ever a stock to short, either by stock or with puts, this is the one, IMO.  It popped to $6.55 on the ARNA approval news, but it will not have a drug ready for another 2 years.  I'm guessing it corrects back to $3.00/$3.50's.  

FYI, the CBO and CEO/President both dumped shares on the 29th of June.  Guess they didn't believe it either.

http://www.secform4.com/insider-trading/1382911.htm

What are some thoughts on this stock?  Orex has steadily climbed since the ramp up about 3 weeks ago.  I got out around 5.80 and still netted 30% but her it is today up 50% from 2 months ago...