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Are you asking a question about any portion of my statement?
Care to narrow it down for me? Thanks!
.10 huh?
Interested how you came to that number?
Or you are just saying .10 in satire? If you have information that shows .10 as being possible then please share with the class, thanks!
For anyone that did not read my post yesterday...
I said today what our trading range would be, this is a stock no?
We are here to trade no?
Today we are at 71 points and still projected to reach 50 points in a day or two. This is good news as the BB bands are wide open right now.
Basically ELTP has a BB range from .05 to .15 right now and this is normal after such a run. So how to we guess the floor?
We use volume over supply and demand = Sell/Buy equilibrium.
To find this we look at the stochastic chart. Anything over 80 points and people start selling, (we at at 71 points)we are at a Hold and wait and see point. 50 to 65 points is a great zone for trading. 40 points means we are over sold and this is why I talked about 9/11 cause we moved from 40 points up t0 50 very fast on little volume. So each day the BB bands tighten and we get closer to 50 points. I see us being between .12 to .14 PPS as the BB bands tighten. But yes 11.5 is a testing floor and we may touch it and depending what happens there we might go lower.
11.5 is from data we have pulled from in the past and it has been a go, or no go range for some time now. We need to set a new floor at .12 or .13 in hopes of going higher on volume alone. This is of course not factoring in any PRs.
Hope this helps anyone with questions!
Sorry, but you lost me at "when I encourage others to buy"
Wut!?
I only know of two longs that pump this stock. I have even made light, or punned their posts just as I do others.
Fact,
This stock has created some news as of late and volume shows this.
Some will flip and leave and never return, but some that never knew about ELTP a few weeks ago now have ELTP on their radar. They made a quick buck and now know about a drug company that is about to start human trials soon.
Either way you slice it, we just got some attention from new investors. I can't lie and say I know the future, but I do know that right now we have had more volume in the past 2 weeks then all year.
Any thoughts on that or just something you dismiss and not meaningful?
For those that ask when I they should buy in? I say why quibble over a cent here or there? 2 months from now we start human trials, 6 months from there we have results! Even if you don't believe in the tech you could enjoy the ride and sell on the news.
I myself believe in the tech so I am not flipping!
Ya unless they lose all their products currently, future pipe line and Nasrat quits.
Ya let's leave open all possibilities :)
Taking profits is healthy, what is not healthy is going up in a straight line. We are not a rocket! Those that brag about going higher after a 20% up day do not know stocks. We go up 20% = we make a 5% gain, (suspect a 15% pull back shortly after).We raise the floor each time this happens. This is called healthy trading and today was a great day if you are long.
Aqua that is a vague statement and will allow many interpretations.
Let's just say that currently we are seeing heavy volume and a healthy trading pattern then we have seen for years.
That is a fact!
& that is why have not done any chart readings for some time. There was no need because you cannot make predictions with little to no data points.
If we follow the rule from 9/11 then we will stay in a .12 to .14 trading day for the rest of the day. Enjoy :)
Although we will test .12 tomorrow, I see .115 as a possibility and at that time we will see how the volume reacts.
I am not saying where the PPS is going to go to, nor do I care what your expectations are. What I will contribute to this board is facts.
OK!
I see the shift happening right now!
Check out 9/11 chart, we have very low volume with up side.
This is a marker because the next days we have tons of volume and so become quickly overbought, (pumped).
We just past the 80 point rule of being over bought and are now at 78 points.
On 9/11 we were at 22 points, (very oversold)and the next day went between 44 to 84 points. That is huge trading volumes.
Today is the pull back of that day, (anyone that didn't think this was going to happen just needs to stop trading stocks now).
So as soon as we hit our low for the day we dropped below 80 points and that is the high. The low should be projected at 57 points.
These numbers are not made up, they are in the charts right now!
40 points to 60 points shows a healthy trading volume and 50 to 60 points, (zooming in further) shows a "want for more shares".
This may come across as confusing for some but in simple terms this means selling has crossed the buying point. Some traders will test this point by selling more, but most likely these shares will be bought back at the asking price!
Sure ya did :)
Not pulling out anytime soon. I am going deep and holding long!
I bet flppers can not swallow up all my shares when the times comes...
This really does sound like a sticky situation!
TeaPot!
Things are looking earl grey!!!
I feel like we are missing some people here...
That is plenty good reasons, thank you!
I guess my point is,
To convert from E series means to lose dividends and other perks of owning these shares. This choice to convert is telling that EPIC values this transition. What is in it for them?
What are they preparing for that would make them want this change?
I do not expect a simple answer and I do not expect anyone to know the future. What I do expect is anyone that does DD to raise an eyebrow to this event.
You can tell rain is coming when the leaves on different trees turn upside down and I expect when it rains it will pour. Ducks in a row my friend, ducks in a row…
So you mean to say EPIC is buying these common shares after they converted from E?
That would mean they value these common shares right?
That is very telling IMO
Requesting a PPS report from IB, thanks again buddy!
You are a trading maverick!
Add it all up and you got $6.50!
Right Poorme???
Well there you have it folks! It's going higher!
I'm sorry, but where did you say any of that?
"Holy crap Elite will go from .1098 to 11 cents in 2 hours ,then basically what your saying is with all this high volume elite is going red"
"hysterically funny to believe that company management gave insider info to an "investor""
Ummm I thought you were there? So you should know this is true if you were in the same room right? What was your badge number again?
Then this has been ELTP's goal coming into fruition that they set in to motion almost 2 years ago.
This I will assume is a good thing, we are on our way to becoming a fully diluted common stock I believe. This news should come as of no suprise to anyone that has done DD and know it was intended to happen for a long time andin fact has happened several times already.
Someone please fact check what I just said, thankyou!
IB! There ya are!
Hey can you provide a PPS update please?
You always do it so well!
Geee Thanks!!!
Let the flippers and shorters do what they do, I will be waiting to buy more at any pull backs :)
slapy52 please ask IB for a PPS update, thanks!!!
Kokid3g1 :) :)
It's ok that you have 38 posts, while I have been buying ELTP over the past 3 years, "dont get upset HAHAHAHA"
.11 x 2 = .22 so that must be the wall derp!
And then .13 derp pump!
"I think the stock will go up or maybe go down
I think it will go down and then maybe up
I think it may go up and then down and then back up
I think if you sold you want it to go back down so you can buy back in
I think if you just bought you want it to go up now"
THIS!
Boy oh Boy next stop 1 buck!
Let me make 3 more accounts so I can pump this circus up!
Sheeeesh!
I am sure you will keep us all up to date if the PPS pulls back :)
I think he is talking about the cheap well drinks he got while at the R&R :)
I have seen Couch's R&R badge with my own eyes.
He can confirm who was, and who was not there LOL LOL!
So the numbers Couch has provided as guidance for the next few years should be taken as if they came from the mouths of ELTP...literally :)
Over 200K at the open, very nice :)