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I was struggling to wake up to go to school. I think this did its job. What a crazy day here!
$20 would require every single thing to go perfect with Elite. Approvals, revenues, etc..
Lol then I would sadly have a long list for that
You could put down mine and Neds track record.
I think the name is genius lol.
We'll be the BIG 3.
I'll definitely play the charts more when I'm out of college and working full time at the bank.
Then again, I am a long term player and Ned plays the charts.
They possibly will need another trial from what I read. I feel that there are safer plays out there.
I suggest moving here to sunny Southern California. 80 degrees in LA today. Enjoying the 2% gain in Elite today.
Should be released Feb 13-14. Should be record breaking.
Hey Lasers!
I couldn't agree more! I see us rising a bit more until the next PR, which should come out very soon.
Once the 10-Q results come out, I am sure we will definitely see new highs. Possibly 2-2.5 million in revenue.
I personally think that our market cap should be around 150 mil until further PR's.
Very happy to see you jump in. This will be a monster company. CEO stated in the recent conference call that he expects the first abuse resistant product out by the end of 2015!
I'll read some more of the 10-Q. Thanks Smurf.
Haha I appreciate your honesty. I usually don't trade by charts alone. I usually just invest in Bio stocks. If the pipeline looks promising, I'm in lol
This was an extremely healthy pullback. I honestly thought we would have been in worse shape but we recovered very fast. RSI has cooled down now. Now to stabilize in the mid 20's.
Hey Ned!
So I read Dara's recent 10-Q. Net Revenues barely surpassed cost of goods sold. Can I get your take on this? Are the products growing?
Thanks bro!
Hey D_Z! I showed Smurf ELTP a few weeks ago. If you go onto the board for ELTP, there are links and posts from Couch, DrugDoctor, and Dr_Ryan with very valuable details about the company.
I have slowly been researching more and more developed Biotech stocks that are on the brink of profitability after years of losses. Though these stocks may not be as rewarding as early Bio stocks, they are still more likely to return nice positive gains to your portfolio.
I have kept a close eye on IG and HZNP.
IG is a generic pharmaceutical company that produces Topical Formulations. The pipeline is growing rapidly with new ANDA's being filed frequently. They are roughly 1 more quarter away from profitability and I would give them a safe risk, moderate return rating on them.
HZNP (or Horizon Pharma) has drugs that treat Rheumatoid Arthritis and Osteoarthritis. They recently licensed the rights to another drug from AstraZeneca. That drug will be launched very soon. Horizon is a quarter or two away from profitability and I also give them a safe risk, moderate return on them.
Please share your opinions.
Tomorrow is going to be really interesting. Either we reset the RSI or we continue this momentum.
If we have some solid consolidation tomorrow, we all need to realize that this run up vs the previous 26 cent run up is completely different.
2011 26 cent run up- Small profit and launch of a new drug.
2013 26.5 cent run up- Reaching profitability with solid R&D expense, 8 fast growing drugs in the market, 30 total drugs in Elite's hands and or licensed, new CEO from Actavis, Oxy/ART pilot and pivotal trials have initiated.
This has been a solid run up based on the fact that the company has turned a new leaf. We are in the best financial shape ever says our BOD Chairman.
People on here will bash the stock saying that it's really worth 8 cents at this point, and there are the people who are giving unrealistic overly optimistic forecasts for the stock.
As we all like to see these huge gains, this is a long term play and the true longs who stick it out will be greatly rewarded.
"Pivotal". That's the key word.
Roughly 130-135 million market cap. Wow. Incredible.
It thought the same. I acted against it because I would like to keep my average where it is and I also have this as a long term investment (less taxes paid). Big news can be announced any day now. Not worth the risk at all.
I missed on IG too. Kept on saying I would buy lower....
IG will grow, but not as fast as Elite... So I'm satisfied. I'll sign up when I get back home, just left for class.
Glad to see you up so much so fast. ELTP, IPCI, and CPRX teammate.
Add some spice to it lol.
You're up more than 10% on today alone with Elite right?
I'm sure both Jerry and Nasrat have a huge smile after today. Much deserved for both of them.
Thanks Ned, got it to work!
I still remember walking to my summer classes and transferring money over to buy those 6 cent shares over summer. Good call sir.
Damn how do I follow this board? I'm a freakin UC student and don't see a follow button lol.
Congrats bro! Remember that this is a long term play. Just enjoy the ride and it's great to see you here!
Hahaha I am very happy to be having this conversation too. What a great day today!
Before I left for class, I expected a small pullback to occur but for us to remain positive for the day. Little did I know that it turned the other way and we are up huge today! I'm very happy for you and the other fellow longs, you will all have a great retirement once this stock matures. Dr. Ryan and I will have all of college paid for and much more lol.
Thanks for your DD.
I completely agree except for the fact that Elite has one little thing different about them. Yes they both produce generic drugs; Akorn produces WAY MORE. Elite has an Abuse Resistant line, Akorn doesn't.
I really feel like we are going to mirror Jazz's chart over the years.
I think he's crazy lol.
No problem! Long term growth here!
Did you jump in?
I'm sure there are lots of retail investors who did not know about it. A lot don't listen to the CC and a lot don't believe everything message boards say.
This volume is incredible! A true breakout.