It?s time to take profits on CytRx Corp., but only if you are a trader. The shares that I first recommended in June, 2014 have just tacked on a healthy 40% over the last three weeks.

However, if you are an investor, hang on. I believe that the biotech boom in the US is only just getting started. The sector should grow from 1% to 20% of US stock market capitalization over the next decade. All major diseases will get cured.

Yes, we will live forever.

CytRx Corp?s cutting edge technology will enable it to continue rising that tsunami.

If there is one complaint about the Diary of a Mad Hedge Fund Trader, it is that I am too short term in my orientation. My response is that this is the only way you can obtain a 163% trading return in 4 ? years.

I can skim off the cream when others can?t.

There is a reason why we are the only investment newsletter that publishes our performance on a daily basis. Basically, all our competitors lose money for their readers. It?s a lot like those Japanese restaurants that display plastic models of their food in the front window, which are inedible.

Still, I like to throw readers ten baggers when I find them. Long-term followers get that warm and fuzzy feeling when I mention Baidu (BIDU) ($12 to $190), Cheniere Energy (LNG) ($5 to $68), Molycorp ($12 to $80), and Tesla (TSLA) ($16 to $260) for a good reason.

Well, I found another ten bagger, one you can just buy and forget about for the next three to five years. I discovered this jewel at the SALT conference in Las Vegas last year organized by my friend, Anthony Scaramucci (click here for ?The Report on the 6th Annual Skybridge Alternatives (SALT) Conference).

At the keynote dinner, I randomly picked a table near the stage. One of the couple next to me wore a UCLA pin where she graduated, prompting a discussion of the Golden Age of Bruin basketball and the salad days of legends John Wooden and Bill Walton (four perfect 30-0 seasons and an 88 game winning streak!).

I casually mentioned I was there as a cancer researcher and DNA scientist during the early 1970?s and graduated in biochemistry. The ears perked up, and the dam broke.

The gentleman I was dining with turned out to be the CEO of CytRx Corp. (CYTR) a revolutionary innovator in the chemotherapy field. Through a top secret, patented chemical reaction, their chemists can add an acid sensitive linker molecule to pre existing generic chemotherapy drug.

That enables the drug to only kill the cancer cells and not the rest of you as well, eliminating side effects, and permitting a substantial ramping up of the dosage. I worked out the chemistry in my mind, and quickly figured out that it would work.

The net effect is to install a turbocharger on existing drugs, greatly enhancing their curative effects. That means lower doses that can cure, with no side effects.

Stage three trials will be completed by 2016, when the company expects full FDA approval. The company has $125 million in cash and no debt.

I lost a wife to cancer 12 years ago, and received a crash update on the state of the science since then. I have been following it ever since, awaiting my turn.

If CytRx is able to pass the FDA gauntlet, then they have found the Holy Grail.

To learn more about the company and obtain the details, please visit their website at http://www.cytrx.com.

Curing of cancer during the 2020?s is a major part of my Golden Age scenario for the coming decade (click here for Here Comes the Next Golden Age).

The kicker here is that there is not just one, but hundreds of companies developing ground-breaking treatments that will come out in the years ahead, many of them located just across the bridge from me. This should collapse the cost of health care for the government, and the rest of us as well.

Remember that buying the shares of a drug company before final approval is always a crapshoot. That last time I did this was with Genentech?s (DNA) Avastin, because I was dating the senior researcher there at the time (tall, long legs, blue eyes, brilliant).

The shares doubled the day they got the green light, and Bank of America flipped from a ?SELL? to a ?BUY? recommendation for the stock on top of a $30 move, tail between legs. That was good.

As we parted ways, the CEO even pushed over his desert, from which his doctor forbade him for health reasons. I gobbled that up as well.

Is CytRx (CYTR) Another Ten Bagger?

Practically every day, I get emails from readers asking me to take over management of their money so I can execute my Trade Alerts for them.

With an 80% success rate an average annualized return, why wouldn?t they?

Unfortunately, I have to turn these invitations down. Watching the market, doing the research for new Trade Alerts, keeping up with a global speaking schedule and running the Mad Hedge Fund Trader empire is so demanding that I have little time for anything else.

On top of that, I have my unpaid ?hobby? of advising various arms of the United States government, including The White House, the US Treasury, The Federal Reserve and the Joint Chiefs of Staff. When the call comes from Washington DC to jump, I ask ?How high??

Any other patriot would do the same.

In any case, actively managing someone else?s money would raise conflicts of interest and regulatory problems. I learned early on at Morgan Stanley decades ago to stay miles away from the ?grey? areas. Leave those marginal lines of business to competitors.

However, there is one way I can help.

Thousands of our qualified, skilled and well-intentioned financial advisors read this letter every day. They deliver great service and excellent performance for their clients, and don?t charge much for the service.

If you think you would benefit from third party assistance on trade execution, send an email to Nancy at customer support, support@madhedgefundtrader.com, put ?FINANCIAL ADVSIOR ASSISTANCE? in the subject line.

Please include you contact information, phone number, age, level of financial sophistication and assets management. We will try to hook you up with someone in your area.

I won?t be getting anything out of this. I merely wish that readers get the most out of our products and participate in the Mad Hedge Fund Trader global trading and investment community.

Anything I can do to enhance your profits and level the dreadfully uneven playing field with Wall Street is a win for me.

John Thomas
The Mad Hedge Fund Trader