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Study what you like but I make a living doing this. Maybe you should read a different book. Perfect timing is not possible but you don't need to be perfect to make money.
This has the assumption that someone wants to buy ELTP. Honestly you have to ask why would another company buy ELTP?
The generics? No. Not worth $150mm
Sequestox? Maybe. As time advances this becomes less valuable. Not only is the odds of approval lessened but the value has also diminished. Competition will catch up. And thinking other opioids are the only competition is myopic at best.
In the mean time as this trades sideways we make money elsewhere (eg Opportunity Cost).
Is there a way to share the pics? I use twtr to do this sometimes but there are many avenues.
Nice gain. I am holding for now but keep a tight trailing stop. Think it still has legs. Q2 will tell the tale. GLTY
P/E is based on net income, not revenue. Your example will look very different when done properly.
Starting over from scratch is a "clear path" also. The word choice could mean anything.
Signals. Hilarious. 90% of MM trades are algorithms. Computers are talking to each other. Next skynet will take over.
Ty for that work. I am equally interested in what has happened since this report ends and when they will share it. Hopefully it isn't stagnant with what is already shown.
Needs to break 23 but macro events are holding it down. Once there is some clarity on tax/reg policy it will trade in a range. Having said that it might jump on other news but it seems to be stuck for now. Next leg will be $25 IMO
They don't want to sell at low price for a reason. Need a hint why? Trading school 101 stuff. Gee, whoopsy and I bought my shares at $.06.
Almost all sellers and very little movement. MMs are holding this up. Wonder how long they will keep it up?
Any ideas on when the Aug - Dec will be published? A lot could have happened already.
So we are basing pps judgements on very old information and no future strategy? An odd basis for determining an investment decision.
These fins are through July 2016?
Another delay. "A clear path forward" can easily be interpreted as start over which this isn't but another year is in the cards. This is effectively a generics company until they can prove they can get this approved. Frankly I am surprised the pps isn't lower today.
They aren't making money sitting there. Cash flow is the bane of the game here. So far AG has zero. All the pics of equip or holes in the floor won't change that.
"Best quarter ever" projections? In a specific amount this time. Anything above zero is a record.
Good company here but the MV is too high. OMHE is a better short term choice.
Thank you
Any thoughts on when the audit is due to conclude?
Much appreciated
Les, I have looked at several sources and can't find MV or outstanding shares, float, etc. do you have a link or something I can see please?
Fingers didn't match brain. Meant above :)
You are bidding below the close? Are you new at this game?
Interstate commerce is not legal for mj.
Hey bud. Give them a break. AG moved the old tires from the corner of their grow facility. That is progress :)
Sure it will happen (wink wink). Nothing is happening. I drove by the grow site Wednesday. Zero activity in back near these magical garage doors. Are they getting rental for the cars parking from next door?
There will be reasons on a continuous basis why pics can't be posted or tours are not given.
I was able to briefly drive by Wed during biz hours but took no pics. The back was empty, the front was still full from neighbor biz and the old phone book was still there. There was also a note in that door which was a minor change. The old tires were actually gone but there was guys there putting in a streetlight so they may have done it.
Other than that nothing is going on. Will get pics later, just didn't have time.
Credentials are not important if the facts are there. Unlike whales loading up on volumes of $100k. Comedy.
This is a carefully worded text. I read it just now and it says from a legal context that the FDA did not say no. It also reads that the FDA did not say yes. What is legally clear is that they provided a blueprint for how to get approved.
From a legal aspect here they have honestly had a blueprint all along (phase 1, 2, 3, nda, etc). Given the wording they could be months or years away from approval.
The legal test is typically can it be argued that one could presume the answer to be yes in a given scenario. Here are the scenarios:
1. Relabel? Yes. Outcome - days to fix
2. Small follow up study? Yes. Outcome - weeks to fix
3. Restart at phase 2? Yes. Outcome - six months to get back to current
And the list could go on for days. Suggesting this is a yes by the FDA is not accurate.
Another real and interesting consideration is the regime at the FDA is changing soon as well. That may alter things greatly.
Frankly I don't know. MMs play games with this stock a lot. The volume will tell the tale.
300 shares traded in the final seconds. Now that is MM manipulation to stem a decline.
Simple yet intelligent. That is critical thinking.
What hasn't been addressed is if the EGLT pps is a company or sector issue? Folks here seem to think ELTP lives in a bubble.
They look cheap. Might be ITM by tomorrow.
Hope it can hold $23. A nice bottom for Friday's earnings. Expect Brian and Jamie to light a fire then!
Not to mention they all require liquidity as an underlying assumption. Same as trying to quote a mean without a normal distribution or a representative sample. Liquidity is not achieved with these volumes and a large pct from MMs.
At current a MM could easily create a technical and suck you in.
It is small, not mall. I shared that before the drop, not after. Check the time and was sharing how I had wanted more because it could have gone up after the halt. It went down and my stop kicked in. If you don't use them that is your choice but it is a prudent tool in uncertainty.
Is your purpose to make money or root for their success? The pps makes money and ambivalence to it is rooting.
Fair enough. I am not a pharma expert but to me that is not a major difference. That seems more like a marketing and sales strategy. But I will defer to those who know more on the topic.
Either way kicking myself for not having a larger position. Was wary from experience with ELTP. The biggest difference though is they are on a big boy exchange.
It is still halted. Been trading this one for a month. Unfortunately my long position is small.
I do think it will steal some thunder from ELTP. The difference of ER and IR is clear but isn't ER part of ELTPs pipeline?
Fair enough. Will try driving by again when I get back to AZ. Maybe they picked up the phone book.