The bid to ask ratio indicates that Vical is going higher. I've been in this stock for several years because I believe in their technology. Will the phase III results be good? I think so, but more than hoping the stock goes higher, I'm hoping for the cancer patients it would help.
The two year high is 5.20. If you bought at 2.80, taking some off the table would be prudent. The macro may let you buy back in below 5 at some point. If I sell any in the next few months, it will only be to swing trade my VICL money to garner a larger postion. 10 to 20 percent at a time....I am after 10 plus within 12 months. GLTA