There is no catalyst for a big jump in oil. Russia talked it up, but talk is cheap, without the Saudis agreeing to a decent size cut, all it did was provide a good selling point. The Saudis will worry if they agree to a cut that US shale and Iran will take market share, so I wouldn't bank on that soon.

I traded currencies at banks in Boston and NYC for a number of years. You find fast that technical analysis and social and economical issues are closely intertwined.

Sure here is the reasoning. There is little reason for oil to go up much more in the short term, as the US continues to produce big numbers despite the low prices, Russia, Iran and Iraq can not afford to lower production. The Saudis won't cut back and take the chance of losing market share without a broad agreement for the other countries to do the same. China's economy is not near the bottom of where it's likely going from piss poor monetary policy management and the dollar is strengthening from a tightening policy. Hence the reasons I think it retest the lows. But I trade more than anything so I'll play the swings both ways.

Now

I think the 2nd is your best chance, cuts in production need to happen to help oil's price. On the other side, Iran will be adding more oil to the market, with the US dollar going up with rising interest rates, this makes oil more expensive for other countries to buy and China is likely to get worse economically. I think you will see a $25-$35 range for the next 6 months.

Fire eye crashed well before the market down to the $22 area. It's mostly the company

Lol it is hard working and trading, especially with a lot of meetings. I set alerts, but nothing worse than having an alert go off and your sitting in a meeting!

That is a big move in oil to get to that price, what would be the catalyst? Are you expecting some sort of output reduction agreement?

I actually do exactly this. They don't move exactly inversely, but it is close. If you are trading intraday, just don't get greedy and try to get every penny out of each side

The nice part of dwti right now is the daily range, which allows you to jump
In a few times a day and make a quick $10-$20 on the dips. Either this is just buy uwti as oil rises. I missed the early morning move but can't dwti in the high $260's first big dive, the grabbed some on the next drop down. If you don't get greedy, there is a lot of money to be made in the daily range.

For today, the news of lower buildup in reserves has the Bulls jumping all over it. However, Russia already shot down rumors of talks to cut production. The $265-$270 should be a good area to buy

I'm referring to the years when Microsoft was a cash cow but had no growth or any significant products. People want to see growth, not huge cash balances. Spend the money on more strategic purchases than freaking beats.

Ask Microsoft how that worked for their stock price...

Overall though I still think oil has a ways to go down, about the $20-23 range, so I continue to buy dwti on the dips.

I've been playing it back and forth with uwti. I carried a position overnight in dwti, sold early, bought in the 280's and sold at day's end. So yeah I've been in and out

The market desperately wants stocks and oil to rally. Stocks very well may, but for oil everyday comes another bad indicator for it. Oil bulls are hanging their hats on OPEC cutting back output and that is simply not happening anytime soon.

That's the point though, it's not all earned. The payment was made, but that doesn't mean it was earned. It's earned over the life of the deal

No he did not

Let's at least get statements accurate. There was no statement about an NDA being filed immediately 2 months ago. Otherwise, I agree, it is disappointing. Communication needs to be much better.

I am not familiar with how it works. My guess is that it still needs to be approved by the FDA before filing the NDA.

I hear you in that it is disappointing the news is not of acceptance. With that said, nasrat said the NDA would be filed by year end, hopefully sooner. With the waiver request filed, my guess is that the FDA took longer than expected to answer it. As I mentioned in another post, there is no reason now that the NDA is not filed this week. Sounds like nasrat was too aggressive on his timeline in getting answers from the FDA, but the waiver of the few is far from immaterial for a company of elites size.

Agreed, in fact it should not take more than 1-2 days for this news. The NDA had to be completed for a while now pending the outcome of the waiver.

The job of supporting the stock price is managements'. In the very short term, get acceptance of the NDA. In the next 6 months, obtain approval of ELI200. Have these items happen and the stock should not have issues getting to the $2 level needed to list on the Nasdaq. If Elite gets approval of ELI200, valuation of the company will be much much higher than the .40 cent current level. I have said many times, if you believe (as I do) that ELI200 will be approved and Elite will be able to secure a substantial foothold in the marketplace, then just keep accumulating and don't worry about sellers...they just provide a cheaper price point.

Same market makers bringing this from .20 to .40. Lol. Good god, talk about misinformation, or just ignorance

Don't get me wrong, it's wise to have a stop loss and follow the prices, it's just actually putting it in on a stock which at times can trade 1 cent wide, just paints a target for market makers. I used to be a currency trader at a few big banks, so we were the market makers, and nothing was better than seeing where the stops were lining up.

It's down right nuts to put a stop loss in on stocks like this.

My post was sarcasm. Meyer must not be working

Stop, that's just the market makers again setting everyone up. It's always the answer when things do not go down.

Let me try that link again

http://www.cnn.com/2015/12/18/health/drug-overdose-deaths-2014/index.html

Here is a good article on CNN about overdoses reaching an all time high in 2014. Wondering what 2015 numbers will look like. More exposure the better on this problem.

www.cnn.com/2015/12/18/health/drug-overdose-deaths-2014/index.html

Lots of paper trading on these boards it seems.

Not only should we, we need to. From right now till mid January news can come anytime. It's important the company hits it submission timeline.

Its the classic, you can't prove they DID NOT pay to pump the stock. Jeez, some great logic there.

Given the week the overall market had and holding around .40 on low volume, it was an excellent week. Hopefully this week will continue the rise as it should. Likely a nice bump as we near the time of the NDA submission follower by a pullback and rise again in q2 closer to word from the FDA.

Yep it is, that's the way the gains are sustained till news comes out.

Resistance lines will turn into support. The question is whether you are trying to trade this or invest in it. If you are investing then anywhere at these levels is a good buy. Trading wise the .40 mark will likely fall soon and then the .45 mark is where things will get interesting. Technical analysis is great and very useful but actual news trumps it. TA is used more for the times when there is not news out.

If I was trading this, it makes sense to confirm a move over .40, because if it does not get there, it will test the .33-.35 range again, that's what market makers and traders do in quiet times, they push the stock to find the size able buyers on the downside and sellers on top.

Nasrat said himself that it is going to likely be another 20-30 days till we hear that the FDA has accepted the NDA.

Yeah I wasn't very clear, I was referring to not sent to amortization expense.

With that said, more revenues which this is, is a good thing.

Yeah I

You were referring to intangible assets. There is something called amortization expense

That should read it's not an asset issue, it's a unearned revenue issue which is a liability.

A CFO would know that revenue items do not get amortized. This is revenue not balance sheet. Guess you don't know