Sometimes in life you just have to know when to ‘fold’. I sold out of all of any VKNG I had up to today. This may turn out to be a big mistake, but I don’t like how VKNG is hesitating in a rising wedge on lower volume and also the recent share sales and dilution in the stock.
The surgeons conference is taking place right now and the next couple of days. The stock could still go higher, but I would rather be ‘out’ at this point and re asses to see how things transpire.
Sometimes the news is sold ahead of time and so far I don’t see any major contract news or other news to sink teeth into, but it may come at a later time.