I have not seen Arena guide low on EPS. Strong growth and
earnings at a discount.

Forget it, John. Oil is tanking and will continue to slide. At this
rate you shouln't even be thinking of buying or holding until oil
reaches 80$/bbl. Contrary to one of my previous posts, AND my love of
the company ARD, I sold all my ARD stocks yesterday (the day before
the dizzy 8% drop).

Why not make a buck and sell everything you have yourself? Once the
panic of the tanking oil price subsides, have another look at these
energy stocks. They will rise, but not just yet.

I am kicking myself that I have lost some money on this, but I'm happy
that I did cut my losses by selling when I did. There are two lessons
that I learned from this experience:

1) follow Jesse Livermore's advice "don't argue with the tape" (which
is something I did, and quite loudly, when the price went from the 50s
to the 40s)
2) when you read that not one, not two, but three directors of the
company sold a substantial amount, the same day, you head immediately
for the exit.

     my investments are defensive. my checking account permanently
loses money. :)

  here we go again. heading back to $45

Definitely! Thanks for the humor, it's appreciated. Why not $47?
Mwahahahaaa...

    I forgot where I set the price target. Sure $47 sounds ok.
Remember what I said he who laughs the last laugh, laughs the last
laugh. The market is corrupt.