Elite Pharmaceuticals Inc (ELTP)

[conix]

YJ--- I did post the negatives here, but the post was taken down immediately by someone. It was a lengthy post that took time to put together and I did not copy it.

But I will be quick.

The conference call disappointed many holders of the stock--which is why the stock is down. It is not, imo, due to market manipulation.

The CC was probably the least impressive of the conference calls this year. The previously forecasted NDA filing by the end of the year could not be forecasted so close to the end of the year--(even though I suspect it is still possible).

There were some acknowledged delays (with plausible reasons), but they were still delays.

Not everyone is a long term investor. The traders sold. The tax loss sellers are selling (ELTP's high of the year is .97)to book a loss his year and still be able to get back in within 30 days.

There was no real confidence on timing of ELI-200 hitting the market. (And as long as the FDA is involved, there is no way to forecast it).

The positives, YJ, are numerous---but not expected in the near term. And many here can do a better job of listing all the positives.

BTW--FWIW-- I have already been rebuying in the past two days. Diversifying my entry point.

Happy Thanksgiving