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True, it's just hard for me to imagine that I'm one of the few people that knows something before the masses. Pretty cool when you think about it. I've never been in a situation like this.
I keep thinking that must be it. For example, when that penny stock newsletter wrote about elite, all they mentioned was heavy volume, no mention that it was the first trading day that we could see from the USPTO that we were awarded the patent. I just don't see how more people haven't realized.
What I'm saying is we shouldn't be caring about a trade of 5k shares moving the stock 10%.
I'm curious to hear your guys' analysis of why we seem to be stuck here. Do people really not know that we were awarded the patent or are they just waiting for the PR to buy? It really doesn't make sense to me as I can't believe that we're the only people that know about the patent. Thoughts?
I don't really look at the size of trades/action that is going on now. In my mind, this isn't real trading unless you see high amounts being traded (in the 100k range). This is pure manipulation now with low volume.
tempaussie,
thanks for the encouragement. I've been investing since I was 14, as my Dad is heavy into stocks and works in the private health insurance sector. Back then of course he had to buy the stocks I wanted with his account. ELTP is the first stock I bought with my own account. I've told all of my close family members about the stock and they've also bought in. I don't want this to sound like a "brag", but together we have close to 1mill. shares combined. I bought ELTP a year ago knowing the potential that it has, anyone with a brain can see the products they have. I also heavily trade forex but of course everything started for me in the equity markets. I have dreams of moving to the Colorado mountains for the winter in november (or perhaps 2 years from now) with my profits from eltp/the currency markets...let's just hope Treppel and team can deliver it for us. =)
Exactly what I was saying. When you think about it, people were crazy to buy a stock whose only moneymaker was being taken off the market. There was no reason for it to go from .07 to .26 . Now we have a reason.
They did, but everyone knew that it was going to be taken down. Also, if I remember right there was some worry that they wouldn't be able to rebrand it for OTC at the time. Not to mention that was practically their sole product for revenue at the time.
I saw it on my screen, it's just that it didn't actually print. As soon as I saw it down that much I thought of the gap you guys were talking about, haha.
What happened last time was a lot of flippers got in and then got out at .26 or when the decent happened. I bought in the day that they announced that they settled with ThePharmaNetwork and had no idea that it would run from .07 where I bought at all the way to .26 . Back then, a lot of the products in the line seemed far away to most investors, now those products have either launched or are close to being launched. I am loaded with shares for the run up, but it will be hard for me to hold if this were to hypothetically run up past .26 and look like it's going to retreat. Having said that, there is no doubt in my mind that if you hold this for another year or two, it WILL be at $1/share. I just hope I hold on that long since I am only 18 years old, and do have a significant amount of money (to any person) invested in Elite. =)
That showed up on my screen with ThinkorSwim put it didn't print in the Time and Sales column. WEIRD.
But we also didn't have any of the drugs back then that we do now. The point I'm making is that was just on hype and speculation that we saw .26 . Now we actually have more products and the future is coming closer everyday to becoming profitable.
I agree. This thing will run more than last year when we went to .26 in several days. Back then we didn't have what we have now, which is why I believe there's no reason we can't go up even 200-400% in the next few weeks.
I posted this on the message board but figured this may get us excited for when the patent PR finally arrives. I was looking at that "pumping website" that listed Elite along with other stocks and noticed that it mentioned nothing about the PR. The reason I'm saying this is because simply on the PR, all of those newsletters will be mentioning us and there's no telling how high we can go solely on that. Just something to get me/us excited before it arrives. =)
I still think with the official PR buying will take this past .26 in one day. MOST people have no idea that we got the patent, since we are the only losers that probably check the patent website everyday. =)
tang, I agree that if I were Epic now and I was thinking about taking over Elite, now would be the time to do it before we go into PH3 trials. It just makes the most sense now. I think the BOD will want to try to do this on their own though. I don't care what they do as long as the company continues to grow in value.
I would hate to see Elite do any sort of a reverse split. If they do this, I will have to bail. Reverse Splits almost never turn out the way they were intended and always hurts the shareholders. RM is fine by me, I just don't know if that will happen either. I'd like to see Elite do it by itself and grow shareholder value. I have been a shareholder since March 2011 and intend to keep my shares until dollar land.
We might see that just like yesterday. I have a feeling that a lot of people are still on the sidelines waiting for the last possible minute to buy in before the patent PR.
Boring day so far, low volume and we just can't get past that .125 level without a PR.
I just completed the survey as well. Go ELTP!
Anyone think we get the PR tomorrow? I think they will only release it when everything is signed, sealed and delivered which may be tomorrow. If not tomorrow, then thursday is my guess.
Just playing games most likely.
No problem. If we get past .14, next big level is .19 . With news, it won't be hard to break it.
.12 is key resistance...if we get past it when can soar to .14
If we end up bringing ELI-216 to the market in 2013, I can see the PPS in the $4-5 range EASILY.