CYTR and RXII

[pcstock]

Both stocks have went up more than 10% on Friday. Since CYTR owns 39% of RXII, it seems that CYTR is quite undervalued. What are the potential of RXII and CYTR?

[sreedhu]

cytr will go upto $2

[pcstock]

cytr will go upto $2

Sreedhu,

What is your reasoning for CYTR going upto $2? Also, what is the expected timeframe for that to happen?

thanks,

pcstock

[pcstock]

They may be up due to the rumor reported in "biomed reports" article: RxNews Recap for Friday 03-19-10. Emisphere Technologies jumps on collaboration. RXi Pharmaceuticals continues to move higher.

[amulleady]

I like what I see with CYTR.....

If it can bust through 1.42 then 1.56....then it should have an easy run to 2.00, then if it breaks 2.02...next resistance is at 2.97.....

I like the volume and revenue.......and definitely on an uptrend...I will be watching the 1.42 and 1.56 mark closely.

I was going to jump back into SOMX as it dips, but maybe I can pick up a few extra $$ in CYTR..

[pcstock]

I like what I see with CYTR.....

If it can bust through 1.42 then 1.56....then it should have an easy run to 2.00, then if it breaks 2.02...next resistance is at 2.97.....

I like the volume and revenue.......and definitely on an uptrend...I will be watching the 1.42 and 1.56 mark closely.

I was going to jump back into SOMX as it dips, but maybe I can pick up a few extra $$ in CYTR..

amulleady,

Hope you're right. 1.44 now and is going strong...

[pcstock]

It is strange that RXII is +$1 and CTYR is +.055 only.

I'm guessing that CYTR is moving with RXII in proportional to CYTR's 39% stakein RXII and ratio of outstanding shares of RXII/CYTR which is about .16. So, +$1 in RXII is about ($1 x .39 x .16) +$.06 in CYTR.

[pcstock]

Well, what a ripoff that CYTR sold RXII for below market price...