So at the moment I am supposed to be sitting in the Doctor’s lounge at the hospital catching up on patient charts but for the second time today, I have got an email from another friend asking about this stock.

A while back, when this stock was barely at $0.60/share, I talked about the potential in this company, CytRx Corp has a few drugs in trial and their potential is perhaps being realized. What irks me at the moment is, that the stock has been on strong upward trend and when I told people to buy under dollar, it was a better opportunity to profit. Personally, I am up more than 100% on one purchase and roughly up 50% on a second purchase I made in a different account.

Am I holding? For the time being, I am still a strong believer in this company and its potential to go up further. How much more can the stock rise? I guess it will depend on the next set of news CytRx Corp comes out with, it might be another few percent, it might be more.

If your like my friends, I would be cautious in going “all-in” with this company. For every rise, there is bound to be profit-taking where the stock will pull back. Go into the company in installments so you can have the ability to average down if the stock does dip. This is one that might be better suited for a risk taker or a very short trade span.

Hopefully (CYTR) is on your radar, watch the stock, do your research and come up with your game plan.

I must go back to my charts.

Happy Investing!

Aman, MBA

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