Jun. 24 at 2:43 AM
$VKTX I agree, today's movement was clearly from Viking specific flows.
What I noticed, and some of you may also have noticed, is
$KLRA and
$GPCR 's movement compared to Viking.
Both surged, as expected, in tandem with VKTX, in the last few days. However, today, KLRA fell sharply and GPCR is flat.
In addition, please zoom out on Viking's chart. The recent surge is one of the steepest inclines (excluding data releases), suggesting that there were heavy, heavy buying flows in the past few days.
Moreover, amylin's announcement still has not come.
This is not a coincidence. The inflows into Viking and outflows from KLRA and GPCR could mean institutions may think a partnership/BO could be coming soon, with Viking.
It does not mean there WILL be a partnership/buyout. But, everything always somehow leaks. It is extremely likely that this leak may have been that there are currently discussions going on and that they are getting more serious.
I remain extremely bullish.
$350 is likely