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Lolololol, it’s never just about selling but rather how much the buyers are paying for the sells, today was all above 38!!! Whenever bid sitters are paying higher the stock’s trajectory will be higher. Amateurs should be careful making foolish statements regardless of their agenda. Try harder and smarter and become an expert contrarian!! Good luck.
Eltp $$$$$
Big money players have been entering, most will swing at the right time but re enter and continue to move the stock up. The pipeline must continue to produce to keep it going. The big fight will be climbing and maintaining above $1.
Eltp
Yes, just as pref shares can be converted to commons. It would actually be in the best interest re the rest of us reducing the unrestricted OS. From everything I’ve read on this board since the current CEOs entrance, he’s 3 steps ahead of anyone’s hypotheticals. However, I do think he has the shareholders best interest in mind, much more than 95% of CEOs.
Eltp.
Don’t confuse shareholder approval to 50%+1, they don’t need your vote.
Eltp
That is correct and they can have it ANYTIME they want.
Eltp
Agreed, however the metrics will not be the same as long as Eltp is in pennyland. They would follow more closely if we moved to the top tier in the OTC. My point was I think most people will be satisfied way before $5, not that it can’t reach 5. The biggest hurdle will be breaking and then maintaining $1+.
That’s funny, like who needs 5 per share. Secondly, close to a third of the still conservative OS is closely held and could be easily converted to pref shares by the insiders.
Eltp
The stock was overbought with a red hot RSI which caused most swing/day traders to exit Thursday/Friday. Most traders do work on Fridays, look at the Eltp volume, most day traders exit by Friday and rarely stay in a stock over the weekend. With the stock taking a 15% downswing I would expect them back in by Tuesday. I think the stock has the eye of more big money traders which will keep more liquidity in trading Eltp going forward. We will see the signs of this if the increased volume remains with the upward trajectory along with the intermittent RSI swings. The pps is still a low entry point relative to the very good fundamentals and future potential in the Eltp pipeline.
Yep, let’s talk about you some more,, lolololol!!!
Eltp
Agreed, however there is a lack of many of the pasted ‘bullet’ points in your post when trading in pennyland like Eltp was just two years ago and more specifically early stage tech and pharmaceuticals dependent on clinical trials and federal approvals which is akin to simply throwing the dice many times.
Eltp
Exactly, agreed!
Eltp$$$
Your total advice to the post was simply “go all in”. Being in one stock for 12 years is not trading. As I said, pump the newbies and not me.
Eltp
I gave him good trading advice and you simply want more buyers. I made a lot of money here once and I’m doing it again so don’t pull your pump crap with me. .This guy has limited funds and is somewhat like you, he is also not an experienced trader. There are things that can happen to ANY stock regardless of the share price or size of the Co. , trust that it is not beyond the realm of business and trading that an occurrence can send this back to neverland as well. If one desires to put all of their eggs in one basket then he is a fool and anyone who recommends same is a fool.
Eltp $$$$
Ditto, got back in a couple of years ago when it got to six and added down to the 2s. The .97 run was a manipulated run by some big money guys, there were no fundamentals and the run was total BS news hype, like you I ain’t complaining . I did hate to see peeps getting pulled in or back in as the hammer was dropping for years with no real fundamentals. As this stock rises remember a lot of selling will occur from peeps who have been stuck here for up to 10 years and just want out as they break even.
This type of selling will occur all the way into the 80s.
Eltp $$
Never ever ask a message board if you should buy or sell, everyone on a board has their own agenda. Do your own DD, research dozens of issues and maintain patience. You already made a good profitable decision in Eltp and have a great longer term investment. Look around before you double down with limited funds. Good luck!!
Eltp$$$$
There is a lot of resistance combined with the current RSI. However, based on today’s continually rising buys at the bid , this still shows a lot of strength. It not how much is sold when bidders are upping their bids to allow traders out at high prices. 60/40 that it continues higher without the normal rsi based capitulation.
Eltp$$$$$
Not needed, when the time is right the Eltp insiders will probably convert to pref shares reducing the OS by 30%.
Exactly, but only experienced traders take their principal out to ride free shares, traders who have learned from experience and know how to manage the one irresistible human trait, greed!! The goal of each trader in pennyland should be to trade with free shares = everything to gain and nothing to lose.
Eltp $$$$$
I think elite pps has much more short term potential than most. All the BS re MMs buying stock is ridiculous, it would be broker/dealers or big players coming on board to run it. We shall see!!!
Eltp$$$$$
Hahaha!!
Elite is strong like bull now!!!
Sure, my posting is contingent upon your approval, lolololol!!!
Zen
True, but it’s just part of psych game which does work on uninformed and weak peeps in all facets of life. I never have considered it a big deal but do have fun with it sometimes. The game is driven to maintain a higher percentage game on cheaper stock. The lower the stock the higher percentage gain per tic which is why the broker/dealers love to keep pennyland stocks in the trips as long as possible. Ifus
This should really help the non existent pvsp Fl operation. Lolololol!!! Geeesh
Not quite, the CEO saved the Co with stock based loans on a very fair and conservative basis during a time when the only financing available would have been CDs. CDs are more or less self perpetuating, when the price goes down the number of convertible shares increase. Without the CEOs loans there would probably be close to 2-2.5 BB shares.
Eltp
Haha, try below three bucks a share during some rough periods, wmt did the same.
Ifus
So, they are way behind sales compared to pre merger. Going in reverse and you are pumping this as a good thing, lolololol geeeesh!!!!! Only trip one is a good price re risk/reward.
Zen
You are a novice in pennyland if you think a bb shares is massive. Too funny.
Exactly, let them eat each other.
You are totally missing the most important ingredient with any buyout or merger, SYNERGY. The financial considerations relative to a very small Co like Elite is important but secondary to a multi billion dollar Co. there could be synergy re compatibility and future growth or just simply voided competition, Each has a different value. The most widely utilized financial calculation in a buyout is the Enterprise Value (EV) and not the EPS or other internal corporate measurements used by the market/traders.
Eltp
You should know that feeding into the BS is simply self perpetuating like feeding a bear hoping he won’t return for more. Don’t respond to conspiracy and idiocracy. Try it and see, the pps will not be affected as others see this.
Ifus$$$$$
Part of a group that bashes stocks based on BS accusations of criminality re officers and associates. They find others with similar names although non related and build on it. It pure nonsense and I would not respond to it.
Mgon
Exactly, an investor with such profits who does not recoup his principal on the way up is simply an inexperienced novice. There is nothing better in trading than to recoup your principal at a very nice profit and watch your stock pps continue to climb with free shares. It is the only way to trade in penny-land and the big indices as well if you get a lucky chance at issues with forward splits.
Eltp
Lolololol, cup and handle is what you get out of the chart? Did you need a chart to see a breakout, hahaha. Btw way, what chart are you using, 1day,5,day,3mo, 6 mo????? I’ve heard you mention cup and handle when we went down as well. What indicators are you utilizing on the chart. Why exactly did you post to sell the news??
Eltp.
Very impressive with bid buyers snatching .28+ shares today. Always need to let peeps off the train while peeps jump on.
Eltp
What do you find most impressive re the Eltp chart???
Apples and oranges.
Eltp
What a joke, betting 100k on whether someone owns a share of stock. Get real Maxine!!!
Eltp
Great week , maintaining the current or slightly higher pps is more important than a quick run and capitulation. The stair step rise on the chart is always sustained longer while keeping the overbought /rsi rise at a more consistent level.
Eltp
And all those shares you stated sold, lolololol!!! Geeeesh
Eltp