LadRx Corp (LADXD)

[Ecomike]

We may not be at the bottom just yet, but the 6 and 12 month charts MACD have a huge divergence, suggesting that a bottom is very close, and huge rally is possible. Accumulation distribution is way over sold now, nearly half the OS sold and probably bought by smart money at the bid (not the ask), and I checked Fidelity, and sure enough the institutions have switched the last quarter from selling like crazy to buying like crazy, catching the knife (now holding 9% of common shares). If we get one more new low, year end tax loss selling on a low volume day I am going to probably double my share count. The Market cap is now 40% of what it was before they raised cash this summer with new shares, so a 100% rally here is very possible, or more with the right news flow.

I was getting worried that institutions knew some thing bad we did not know, but the last 2 quarters show nearly a dozen institutions went from dumping about 6.7 million shares 2 quarters ago, to buying 8 million shares on the most recent quarter reports (5.7 million net sold prior quarter, versus 6.1 million net bought recently). If they knew something bad we did not know, they would still be dumping, not buying. I think CYTR will bottom this month, if it has not already bottomed here. Only wild card is Europe!