Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It is indeed an epidemic. I am a dentist who sees a lot of patients who are in pain. I have to be very careful about who gets a prescription for opioids, as abuse is extremely prevalent. In our state (Utah), deaths from prescription painkillers are more in number than any other type of drug.
It is the ELI-216 technology that originally got me interested in ELTP. The additional pipeline of drugs is just frosting on the cake IMO. I really hope for the good of our society, this drug abuse epidemic can be slowed. Soon.
If these .129s get cleared out, I think we can close at .1325, even on this lighter volume.
This is really good consolidation around .125. It is really positioning us for a good leg up.
Thank you. That makes sense. I wish people would just let this stock stand on its own merits and not try to manipulate the system. ELTP is strong enough on its own without any performance enhancing shenanigans.
ELTP just showed up on the most active boards on the iPad app with 25,600 reads today. Maybe they are getting it fixed.
It is strange. I always like to give the IT guy the benefit of the doubt, but it does seem a bit iffy to not see it in any of the boards under the Hot! Pull down, when clearly this board is hot.
We are still big in every buzz cloud. I am not jumping on the conspiracy theory wagon.
Today's white Marubozu candle is also a very bullish indicator. It shows that the stock opened at the low of the day and closed at the high. It means buyers were setting the price prints. Great set up for next week.
What a week! So much going on with ELTP! Even better times are ahead. Soon.
ELTP closed yesterday at .1229 and opened today at .125. Before the print at .12 the days low was .124 which left a gap which has now been filled.
Well someone just jumped the bid and printed a .12. I guess that fills the gap from yesterday. Lets move up.
I posted this late last night, so I thought it might be worth a look to all the morning peeps around here. Take it with a grain of salt, but the exercise is an interesting one.
http://www.macroaxis.com/invest/market/ELTP--hype--Elite_Pharmaceuticals_Inc
I thought this was worth sharing. Take it with a grain of salt, but the hype elasticity and price estimation was an interesting exercise.
http://www.macroaxis.com/invest/market/ELTP--hype--Elite_Pharmaceuticals_Inc
Whoever painted spent almost as much on a commission as they did on the shares.
And....... there was the paint job.
Level II has been interesting today. Volume is low, but it has been fun to watch the different agendas jockey for position. I fully expect a tape painting attempt from both sides at the close today. None of that will matter though when we receive an update from the company. ELTP looks poised to at least re-test the previous high of .174. If the re-test holds, it is blue sky to the mid 20s IMO.
And a $60 paint job closes us at .119. Pretty good close for today. If no news, I am hoping for the PPS to creep into the upper 12s by the end of the week. If there is news, I have my shares and seatbelt securely fastened.
True true. I am not selling anything until we are MUCH higher.
We need a buyer after lunch.
Even with no action today, the ask is still holding at .115. Hopefully the sellers will hold firm today and not give anything away cheaply.
That was a good sell by UBSS. Nice consolidation of shares, moving up from here.
Ugh, the UBSS bus just showed up at .1128.
I like how this is trading today. Even these small consolidations are healthy for the continued upward movement. It would be great if we held .11 today.
I am all bought up for now, so I am just a spectator enjoying the show today.
Ask and ye shall receive.
Peeps are positioning for the inevitable after Labor Day. May be soon, may be October, who knows, but it IS coming. I would really like to see this hold in the .11s and .12s with some >1M volume days before any PR. That would really position us for a move to the next leg up around the .17s.
It is small, but at least we have a little bid support now.
I can't help but hope and wonder if this is the last we will see of the tens?!
Someone just paid the bus to leave! .108s up!
What's up with the bus parked at .106?
Looks like both. Also, there is an undisclosed ANDA and the 24 hr Lodrane in scale up as well. Link below.
http://www.elitepharma.com/product_pipeline.asp
I have been adding all year. Grabbed a couple more today. May pick up a few tomorrow.
Hopefully we will get a close above .11 this week.
That is a good point you make regarding patience vs. faith. I day and swing trade other stocks on a daily basis, but I always seem to keep adding to my long position in ELTP because it is a company with great potential. With that said, I do have my own timetable and price points for scaled entry and exit. I have put a lot into ELTP for at least the next few months as I believe/hope we will attract new investors with more product launches and a phase III plan for ELI 216.
Thor, this has moved slower than any of us probably hoped, but I have never felt like the company has ever been on more solid ground. It takes a ton of work to get to where they are now, but once the products start flowing we will be glad we were patient.
This is off the top of my head, but I am pretty sure the remaining shares outstanding are set aside for two directors who are authorized, but not obligated, to receive 120M shares each upon the company reaching certain milestones. These were promised years ago by previous management, and last year we had to vote to authorize an increase in shares to enable enough shares to be available. The new BOD stated that these shares would not likely be issued, but rather were to be held in reserve as leverage to defend against a hostile takeover attempt. Does anyone else remember this, or am I just trippin?
Agreed. When big $$ are at stake, you can always expect some shenanigans and skullduggery.
Membership dues have been pretty steep, but I believe the payoff will be well worth it.
I finally got to my goal of just over 1M shares today! I have some time to wait, but I am really excited for what the future holds.
I think something is stuck on Level II. That 73k ARCA ask has been there for over an hour. I took out the original 1025 Arca ask with a 75k buy, but it never dropped of Level II. Etrade shows the ask at 1045 even though ARCA is still showing up. Someone just needs to hit the refresh button on the floor I guess.