If you think Great depression II is on its way, do not buy this stock. If you think the risk of a recession now is overblown, and you have a high risk tolerance, this has a good risk/ reward ratio here. I first bought CYTR at about 33 cents in late 08 or early 09, and those shares went all the way to nearly $2/share. My mistake was I added shares at $1.33, and held long, never sold any, never traded, because I think there is a good chance the drugs in their pipeline will hit the jack pot. I was always afraid of sudden news of big deal coming out overnight, and it gapping way up at the open, and missing the boat.
These guys have demonstrated their skill at navigating real bad markets, and making profitable deals during them, so I am staying in and averaging down here, when I can.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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