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He may have posted something positive about ELTP. Max
$2,809! as I type! Its going nuts again! Big day tomorrow IMHO. Max
She's not goin to $600 today... Max
Not so sure it will finish up today. We are seeing a series of lower highs, and lower volume. Not sure what will happen, but it is clearly not as strong today as yesterday. I do however have faith in the long run! Max
We finish green! I was right about the .176. Classic action. Weak hands lost out. Accumulation to close IMHO. Max
$.176 is a past support / resistance level. My guess is we bottom out here. Nice time to load up more IMHO. Max
I noticed yesterday that some were claiming a selloff today. What time will that start again? Max
Results of SequestOxâ„¢ positive results will see higher trading volume. Although we see 2 MM days now - we need to see 30MM days for a parabolic move. And we will. Max
Last hour could be exciting! Peeps trying to get in before Monday's announcement? Max
That's actually pretty sweet. +$1.00 on first news of approval for SequestOxâ„¢, then when revenues get reported and the market realizes what we have we will be +$2.00 then our pipeline continues to move through and the market knows we have credibility in bringing a drug to market and our first buyout offer is +$5 a share. Very sweet - not funny - but very sweet. Max
As an OTC stock - I do not believe there are any shorts. There are however, MM that wish to manipulate, have it fall, sell back, make it rise and so forth. But shorts - Naw I do not think the average Joe can do that on this type of stock. Max
Just one SequestOxâ„¢ approval and we trade above a dollar immediately. Add to that what is in the pipeline and I retire! Max
Love these Stats! Transaction Summary
Total insider purchases and sales reported to the SEC
Timeframe Transactions Shares
Last 3 months
7 Purchases
0 Sales
2,778,776
0
Last 6 months
7 Purchases
0 Sales
2,778,776
0
Last 12 months
8 Purchases
0 Sales
145,635,919
Happy Holding! Max
.24 is resistance. We are going to need more volume to get thru that. Max
Can you please show me the evidence for that comment? Max
Are we following the same stock? What are you seeing that I am missing? Max
Nas - When the approvals start to hit the streets there needs to be a celebration somewhere. Then the future buyout by big pharma! The ELTP longs have deserved it through years of patient waiting. Any suggestions for a destination celebration? Max
Snup - No S-1 filing. Just an A-1 Filing - meaning we have an A-1 stock in our portfolio! Max
I know I'm going into the weekend with all my shares. Its' a great feeling to know you are in the penny stock with the greatest chance of appreciation of all OTC stocks. With positive BE test results we will fly! Max
1.1MM Traded - Another strong day. Soon we may 20X that volume to the upside. Max
Gee - Can ELTP pay its bills with those milestone payments - or is that not real money? Max
Gotcha. Thanks for the clarification. I missed it:) Max
I have an etrade and ameritrade account. Both have margin and options approval. Neither account allows the shorting of ELTP. I'm thinking that many brokers lack the tools for shorting pennies. I have shorted other non penny stocks with no problem. When it comes to ELTP, I think one would have to be a bit foolish to short as the liability could be very great to cover. I think the upside for price appreciation is so much greater than any fluctuation to the downside. IMHO, Max
Not really. The average investor cannot short a penny stock. MM may try games - but that's the best that they can do. Max
The Golden Cross
The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.
That's what Google says. Max
I have no idea. What I do think is that ELTP has been punished way below its fair market value. Among all penny stocks - I see ELTP as the most promising. Robust pipeline and cash flow positive without R&D expenses. R&D will result in many great drugs to market. Some generic and others like SequestOx. This will be an outstanding play - with patience IMHO. Max
Just stay and watch the paint dry. Hah! Max
I don't like this. Several months to meet with FDA, then a period to submit what they ask for, then they review, then another FDA meeting, then decision. I am seeing dead money through end of 2016 easily into 2017. Discouraging. Wish he had never said No one's going to stop us. Max
No - I am still down quite a bit. But buying more today did help. Best success to you. Max
Not sure you listened to the same CC as everyone else. Max
Thanks for validating the current cash flow. Max
He was clearly pissed off. You could just hear the feelings of being misled by the FDA in his voice. He was frustrated IMHO because his team did not anticipate FDA flip flopping on efficacy with the fatty food dosage. I would not be surprised that he regrets saying No one will stop us because inevitably FDA could just issue the CRL as a slap to him for his confidence.
All that being said, I purchased more today and believe in the company and its leadership. I believe they were blind sided by FDA and frankly am surprised the team did not do the extra efficacy tests or labeling or both so that we avoided this. Just all around Nasrat sounded really controlled in his anger towards the FDA. I was happy to see how he handled it in the CC.
In the end, longs will prevail and I think by the end of 2016.
One more thing, the last CC on quarterly results put me a little off when he talked about not making product until we had approval and his CFO emphasized teh generic income pipeline so heavily. It sounded like they were preparing us for a possible delay - at least it seemed that way to me. My antennas went up on that call. All that being said I never sold any. We will be OK by year end IMHO. Max
Two issues I see. Nasrat mentioned the delay of the formulation with fatty food, and that fact that it may be addressed by either labeling instructions to sprinkle, or a change in formulation. He did say change in formulation as well. Either way I see additional study required, possibly a different delivery or formulation and/ or labeling instructions. I am disappointed they got this one wrong but following the FDA's changing approval requirements are like herding cats.
I see delay into year end and opportunities to average down for many who came to the party in the last year. Personally, I purchased 68k more shares at .152 today - a pure blessing as I was dumb lucky in timing the purchase this morning. Feeling blessed an trust in ELTP's management to turn this around.
Our generics alone make us cash flow positive if you removed R and D costs. So I believe we will weather this one. Add on dips and look long term IMHO. Max
You are factually not being true. Listen to the CC again because he covered every listed item in the CRL. Max
Thats pure BS! They disclosed the CRL today. No reasonable person could expect more. Max
Related to overdosing concerns only. You can overdose on aspirin or vitamin e for crying out loud. Politics - follow the money. Max
Agreed - Fridays are notorious for bad news - that way shareholders can sort it out over the weekend. But I think we are approved. Max
Pleased that you finally agree. Max
News is leaking. Approval announcement eminent. No CRL. She breaks out. Shorts burned. Long and strong. Max
I can hear the MM now..... "Hey Jimmy - did you get that buy order? Huh? Ya! 5 zeros - right!" Max