Viking Therapeutics Inc (VKTX)

[greens12]

There was a huge offering last month at 18.50 it was too big and timed poorly , it looks like a few of the buyers of the offering shorted it as well. Add to the fact that the market has been selling off , the IBB is a EFF connected to VKTX and shorts taking full advantage of that on market weakness. Now i hear Ligand pharma has been selling some of their shares and they took some profits.
This stock will recover soon , stay patient and you will be rewarded. A partnership news PR would cause a short squeeze and I'm hoping Brian drops the bomb on shorts .I'm also hoping for a Buyout from a Bigger Pharma company that could come since VKTX is trading so low and undervalued. The chart looks ready for recovery bounce off the 50mda and the Fundamentals have never been stronger than they are right now with 2 blockbuster drugs headed to Phase 3 and they are full of cash with 310 million in the bank.I'm riding this out, better days are just ahead. GLTA