Cache_Money
Sep 27, 9:51 PM
$VKTX Just remember that institutions saw
$35 as a very attractive entry point for long-term positions. It’s very likely the de-risked data on VK2735 plus the new influx of capital will attract previously hesitant investors.
Here is the way this will most likely play out: over the next few days, swing traders will aggressively flip the stock whenever it starts climbing. Institutions are going to take advantage of this by putting in stealth buys of small chunks whenever the stocks gets close to the
$35 floor to avoid spiking the price. They don’t want you, the retail investor, to know they want your shares.
After about a week the swing trades will start to wash out, having sold many of their shares to both these funds and new retail longs that are hearing the news late. The stock price may slowly climb. At this point ANY good news - for instance the Q4 phase 3 oral trial initiation, or another buyout rumor - will send this sharply higher because of lack of supply.
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