Aug. 21 at 3:24 PM
$VKTX $IBB $LLY
The problem the shorts have is seen in the chart below. And it is purely technical. If VKTX takes out
$26.70ish, there is a quick path to just under
$30 - just to fill that gap. The reason I feel this is more likely than not is because of the fact that the results were actually really good. That can't be denied. Had they pooped the bed, it would be a different story. But the dose that actually matters looks like it may actually be best in class. Now, I point you to the volume the last two day. It was monster volume. But almost all of that volume took place in a tight range, not as the stock was declining. That is indication of accumulation. Accumulating for what? Well, bigger and better things ahead. I think shorts are playing with fire on this one. We will know by beginning/middle of next week after the accumulation period ends.
