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Ned Serious

03/27/14 8:35 AM

#2562 RE: hesse #2529

CYTR - Issued a statement saying nothing really except that they are aware of the lawsuits and they'll deal with them privately. May get a bump here. Am just watching still.

link: http://www.bioportfolio.com/news/article/1868972/CytRx-Issues-Statement-Regarding-Recent-Lawsuits.html

“Our primary corporate objective remains to leverage our Albumin-Binding Anti-Cancer Drug Platform to advance new treatments in cancer care. Enthusiasm among our many shareholders for CytRx’s lead, Phase 3 anti-cancer therapy, aldoxorubicin, has been driven first and foremost by positive clinical results and its development progress. To that end, the successful execution of our clinical programs, including the recently initiated global Phase 3 pivotal clinical trial of aldoxorubicin for the treatment of second-line soft tissue sarcoma, will remain our central focus. We believe the recent lawsuits and negative publicity are without merit, and we intend to defend ourselves vigorously against all claims, but not through the press.”

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So - used the statement to promote their pipeline and then not say anything. I like it :) Deflect, deflect, deflect.

SmurfVA

03/28/14 4:51 PM

#2601 RE: hesse #2529

CYTR - ($3.43) - A breakout above $3.41 was CONFIRMED today..this one went under radar. Target: $3.96 - $4.04 could be next here.

$3.43, just above support, $3.28 plus/minus 0.12. Previously showed extreme pullback & Extreme Oversold. Strong bullish 3 day chart pattern with Good 3 day accumulation too. Very Strong Outperform, short term (1-6 wks)

A typical rally would be around 24.5% (0.84 pts).

Basic Chart: