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Vk5211 they are looking for a partner specific they be a Bone or musculoskelatal Franchise and expect to have a meeting with the FDA late summer about Phase 3.
looks like they wont have VK2809 P2 results by end of June. they moved it to 2nd half 2018 ....probably late summer IMO. Getting patients is hard they require elevated LDL ,triglycerides and elevated fat content...they also exclude type 2 diabetics which is a large population of potential patients.
http://ir.vikingtherapeutics.com/press-releases
bounced twice in the last 2 months off 6.00 , Expecting a good readout on more P2 5211 data before end of the month and CEO is presenting at 3 conferences in the next two weeks giving the stock more Institutional attention....as well as this stock is undervalued compared to MDGL, and is only 120 days away from P2 vk2809 results. My guess is we should be closer to 7.00 than 6.00 by end of week.
when this breaks above 7.00 and is able to hold its gains for a couple days 8.00 will come quick IMO.
On low volume days the MM's in this stock play with stop loss orders...
we Should see a nice bounce by end of week, I'm long going into this early summer with good Vk2809 P2 results this could move 200% - 300% from here easy to catch up to MDGL lipid drug valuation. Big moves up are coming.
Our CEO is feeling confident and getting the word out ...good job Brian.
Brian Lian, Ph.D., will deliver corporate presentations at three upcoming investor conferences.
Details of these presentations are as follows:
30th Annual ROTH Conference
Time/Date: 3:00 p.m. PT on Tuesday, March 13, 2018
Location: Ritz-Carlton Laguna Niguel, Dana Point, CA
Room: Blue – Salon 2
H.C. Wainwright & Co.'s 2nd Annual NASH Investor Conference
Time/Date: 10:40 p.m. ET on Monday, March 19, 2018
Location: St. Regis Hotel, New York
Oppenheimer's 28th Annual Healthcare Conference
Time/Date: 2:10 p.m. ET on Tuesday, March 20, 2018 (webcast available)
Location: Westin New York Grand Central Hotel, New York
Room: Track 61
Congrats on the solid gains today, SARMS are the real deal...... is there any news coming on this stock ?
I forgot about the comments the CEO made in the CC , but I think they should go at least 1 drug on own. Hopefully with vk2809.
"If phase 2 nash is even close to phase 1, this thing might go to the moon. If our lipid lowering effects are better than MDGL, the value gap may finally close, once and for all. "
Agree with you and also think they should go 1 drug alone vk5211 and Partner with the Lipid vk2809 after P2 results
I'm betting on it Brother. GLTA
When do you think we hear about a Partner ? is the partner for just VK5211 ? P2 VK2809 data after we would get a higher premium ?
What a run buddy, its been a great ride and look forward to this summer when we should have a valuation of at least 30.00 to get it = to MDGL valuation.
Waffles,great post and detail on why The Warrants make more sense to own. If I had bought the Warrants back last summer when you talked about it I would have made at least 25 % more on my total 390 % gains in this stock. Thousands and thousands of dollars I'm missing out on. I need to buy some Warrants .
I'm still holding all my 10k shares from when I bought back last April at 1.40. I'm Not selling till 30.00 :]
VK5211 data is due by End of the month....also I think we might have a Partner lined up . Could see 10.00 very soon.
Heavy Volume the first hour...today will be good. GLTA
Low float, and a good percentage held by insiders that have not sold any shares since startup. Many are going long so it's just small retail trades mixed in with Market Makers and institutions.
2 million volume days is when this stock really moves up fast.
Wait for a news PR and see what happens.
Churning in low 6 range....the next leg up will be strong sending it to 8.00 IMO.
Thanks for the link Titan.. nice website , Institutional ownership is rising...I knew it would once it went over 5.00
Funds Holding VKTX (via 13F filings)
https://whalewisdom.com/stock/vktx
The way the offerings have gone and Institutional buyers have gobbled up shares I'm confident this stock is headed for an Epic run up.
Not sure what the impact of the vk5211 results will do to the stock but I think it react positive this time. When news came out on 5211 data in December the reaction was muted...but this time I'm guessing it will run because all the data will be available this time. I think Vk5211 drug data news has been undervalued and needs adjustment up. This drug can be used for more than just Hip fractures and can be used on other bones as well,it will be a blockbuster drug.
The Offering is closed and VKTX has enough cash in Bank to last till about 2020 IMO.
http://ir.vikingtherapeutics.com/2018-02-06-Viking-Therapeutics-Announces-Closing-of-Public-Offering-of-Common-Stock
I think we see 10.00 soon....and 30.00 after vk2809 P2 results early summer....and 150.00 + after P3 results.
agreed, Nothing can stop it from going higher...even when Market gets slaughtered. Goes to show how much VKTX is undervalued.
It will hit 12.00 long before data news hits wire...VKTX needs a Valuation adjustment like MDGL.... to 30.00 + after good VK 2809 results. Raise your PPS targets :]
TRTC/Blum Ranked #1 Nevada and California
The Cannabist People’s Choice Awards 2017 results: Dispensaries and Budtenders
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
Marijuana shops prep for Super Bowl sales blitz.
"In Las Vegas, marijuana store Blum is offering a special deal on Super Bowl day itself: Buy $30 of marijuana, get $8 more for just a penny. Until then, the company's four Nevada stores are running a Super Bowl-related raffle, said Mikel Alvarez, vice president of retail operations for TerraTech Corp., which owns Blum. Alvarez said he's also working with the company's two California stores on Super Bowl-related specials.
"We're having some fun with it," he said.
Like many other marijuana experts, Alvarez said the increasing acceptance of cannabis, especially in the form of edibles, is driving up consumption in social situations."
"You go out with friends and it's amazing how many people aren't drinking as much. They're using cannabis instead," Alvarez said.
https://www.usatoday.com/story/news/2018/02/01/marijuana-pot-shops-prep-super-bowl-sales-blitz/1085109001/
I'll take the TRTC bounce back to .35 and Eagles + 4 this week.
Looking forward to the day we get a New Jersey grow License PR. When I look at the pics of their State of the Art 5 acre Greenhouse...all I see is $$$$$$$$$$$$$$$$$$$$
It can on better Q reports or Rescheduling....and it will.
Washington AG: We’re ‘Prepared’ for Legal Fight With Jeff Sessions
https://www.leafly.com/news/politics/washington-ag-were-prepared-for-legal-cannabis-fight-with-feds
Hey Waffles , I still cannot figure out why Analysts are giving out such low Price targets in 7 -10 range.
Have they not checked MDGL's valuation to VKTX's ? Viking has a better pipeline with vk5211 too . Why are their targets so damn low ?
FYI, I have a 30.00 target for Q4 .....whats yours ?
I have no issue, especially when the offering gets bought up fast and then Big Boys take it higher . This has happened the last 2 offerings and squeezed shorts. I bet it scares the shorts knowing that will happen again in the future LOL....
This is a Biotech that has a nice pipeline to attend to and keep running, By staying ahead of the game with raising cash and have the offering go extremely well....Looks like investors are soaking up the offering and taking it to 7.00 next week The volume was the largest I have seen since watching this stock Just a matter of time now till it hits 10.00. GLTA
VKTX is a once in a lifetime stock. Vk5211 and 2809 are both potential billion dollar drugs 2 billion +++.combined. VKTX will go to 100.00 +
Heavy volume today, shorts are getting Squeezed. Happy Friday.
finding its bottom now , BTFD
I wanted to attend last year but I recall they never PR'd the date and I heard about it after they had it.. I will make sure this year and contact the IR.
I think they had a S.H. meeting last summer, agreed San Diego is one of the best.
I like the offering at 5.00 gives them more cash to use for operations... The stock is reacting to the news well. ... a very positive sign.
I drove by and took a picture of their office building a few months ago but never went in to talk to anyone. I will try to attend the next shareholder meeting.
In Orange County, Baby Boomers Are Embracing Medical Pot
https://www.nbcsandiego.com/news/california/In-Orange-County-Baby-Boomers-Are-Embracing-Medical-Pot-470815563.html
If DP sells the company it would be at a much higher premium than to .31....I can tell you that for sure Pal.
broke 6.00 easy today, looks like 7.00 is coming by Friday. GLTA
Technical Analysis for VKTX - Viking Therapeutics, Inc.
https://swingtradebot.com/equities/VKTX
I was going to take profits but after realizing how incredibly undervalued it is qwith VK5211 going to Phase 3 ..thats a billion dollar drug ...and compared to MDGL and After reviewing the P1 data I have decided to hold thru P2 vk2809 news. The Market will have no other choice to take this stock to 30.00 - 40.00 range if VK2809 news is good. I Think it will run to 12.00 before data is released so the next few months will be good leading up to results.