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That is great to hear, I was hoping they would finally talk publicly about the ART and hopefully get more potential investors to know about what the company has to offer.
Ant, the thing that makes me keep buying shares is the fact that even without the ART technology, the company continues to add to it's product line. It is obvious from looking at earnings the past few quarters that the revenue continues to grow as the new products are rolled out and revenue on these should continue to grow in the coming months. I have been investing for more years then many here have been alive and I can tell you that I have never had so much invested in one stock. The reason why is I see very little downside from here and as I said even without the ART, I see a company that is growing not only in the number of products but in the market share of these products. Finances continue to get better and it's not to hard to see that they should be in the black in the next couple of quarters. I think the stock price continues to go up from here from just continuing to roll out products and then if their ART technology gets even a small market share, the gains could be tremendous from here. I truly believe that the downside is very small and the upside could be huge if everything comes together as JT has planned. In all the years I have been investing, only once before have I turned family and friend onto a stock because I never felt comfortable in case something went wrong. With ELTP, I have convinced a number of family members as well as many friends to become shareholders and if I did not feel like this was a very solid investment I would have never stepped out on that limb. It's one thing when you believe in a stock and put your money into it, it's a completely different thing when you put your reputation on the line with your family and friends. I would never want to be responsible for anyone else losing money, and with ELTP I don't think I have to worry. This is all just my opinion but in the investment world it is the strongest one I have ever had. And no I don't consider myself a cheer leader, just someone wha has done their homework and believes in what the results will be.
Ryan, I agree.
Everyone who has level II should be noticing a huge pullback by the majority of the MMs the last couple of days. For the last couple of months there have been anywhere from three to five MMs sitting on the ask with a price below .07. In the last couple of days most of them have been pulling back with ask prices above .072 and a couple above .08. Unless someone else with a large amount of shares chooses to sell, level II is setting up for a nice run with any buying. Looking good for a move to the upside heading into earnings and the conference call. Still adding and holding.
Haven't posted in a while but continue to add shares every week or so. Added another 20K a few minutes ago and will continue to add more at these prices whenever possible. One day there are going to be a lot of people sick that they did not load up at these prices. GL to everyone who is long this stock and as always thanks to everyone who provides the continuous DD.
My players
Tiger Woods
Phil Mickelson
Bubba Watson
Hunter Mahan
Louis Oosthuizen
The winning score will be 276
Agree, hopefully the conference call will come off very well to potential investors as well as everyone who already owns shares. The shorts may be able to hold this down for a day, a week or maybe even a month but if the revenue from this is anywhere close to some estimates I've seen, they can't keep it down forever.
Saw an article the other day that said there will many small pharmaceutical stocks will be bought out this year. Many of the big companies will be losing huge amounts of revenue this year from their drugs becoming eligible for other companies to start marketing generics. In the article there were many so called experts on wall street who were expecting a lot of small pharm stocks to be bought out at many times what the stocks trade at today. With the approval of Lymphoseek, NAVB could be a target of some of the major companies looking to replace lost revenues.
I have to believe that the shorts are holding it down trying to come up with a plan to cover but think the stock price has to go soon. I bought shares after the drop and trying to clear more funds to buy even more.
The news release states the conference call is at 4:00 PM today but no info was provided and the number to call.
Hopefully the conference call will jump start some buying.
SCHH, I hate to hear the part about losing your job. I know how tough it can be out in this world to live on retirement and/or social security. I like you am very happy that I came across ELTP and look forward to the day it makes all our lives more enjoyable and a little easier from a financial stand point.
The proof is out there everywhere and if people choose to ignore it they will join the many thousands who have watched their investments disappear into Williams pocket. I have been right there with you adding puts for the last few weeks. People like Williams should be banned from being associated with any stock but until the SEC steps in and does something people like him will continue to move from one stock to the next crushing many investor's dreams and taking their money.
You are right Couch...THAT IS A FACT
LMAO....
Would love to get that PM Couch
The next few months should be a lot of fun.....funny, all of the longs have done their DD and feel pretty secure in this investment. All of the detractors just say look at the stock price. Well I have no doubt in my DD and a few months down the road when the stock price starts catching up to the many things this company has going, the naysayers are going to be left with an open mouth with nothing coming out. Look at the stock price will not be an answer. Oh yea, it will be an answer but it will be the answer of us longs.
Well something is going on. The buys just keep flying through. I have to believe that a news release is near. Of course this is only a guess on my part, but something is causing the buying.
If the shares were shares that were just released from a 6 month hold, one of the possibilities is that the shares were taken to an MM a few months ago and the MMs have been shorting with the intention of using the shares to cover. Have seen this with many penny stocks in the past. Even though company wise, I would not consider this a penny stock as such but to an MM, that is exactly what it is. If the MMs are covering their shorted shares with those shares, we could see a very nice run once the shares dry up.
The facts are all still the same with the company and no matter what has caused all of these shares to be traded the last couple of days, I feel just as strong as ever about the long term prospects for ELTP.
Since the open yesterday morning ELTP has traded over 30 million shares. The price has actually gone up since then. I don't know where the shares came from but they have been gobbled up by someone. Has to be a very bullish sign IMO
Keep patting yourself on the back....LOL
LMAO....You are kidding right.....
I think you are probably right that some of the divested shares to Epic investors have hit the market. Does it affect the price today? yes Does it mean anything to what the company is doing or what the stock price will be a few months from now? absolutely not
Every company out there goes through similar things and the only people it affects are those short term traders looking to get out very soon. For those who are invested for the long term meaning 6 months to 2 or 3 years, it is basically meaningless.
Well we've seen 11.3 mil shares traded today and with all the talk of shares being dumped, we are down all of .002. Seems like there were buyers there to buy up everything that was dumped. To me this shows that the shares are no longer in the hands of some who were given shares at a much lower price or traders who moved on and are now in the hands of investors who are looking for long term gains.
One of the most bullish patterns I've ever played are what appears to be big sell offs on huge volume early in the day with the stock rallying to finish near where it started the day. I would not be surprised to see the stock rally from this level and see higher prices the next few weeks.
In the long run, I still know what I own and after picking up some more shares during today's house cleaning, I'm looking forward to a great next couple of years.
You are right $16K......come on Carter, the kid deserved a better car then that...LOL
Thanks for the info...have always wondered...LOL
Congratulations Helo.....I think all the longs have a huge winner!!
Surely if you step back and look at the situation, you can see a huge difference. Elite has more products and many more on the horizon. They are now closer to having the abuse resistant products. They have just opened a new processing facility. I could go on but all you have to do is take an impartial look and you can see all the progress being made here. It seems that you cannot look at the real picture because you are too busy trying to find things wrong so you can "show new investors the other side". Isn't that what you told me? There's too many positive people on this board and you don't think that's right, so you are going to try and paint the negative side to even up the board.
I have tried to see your perspective but when I look at the entire situation, all I see is a company with a tremendous upside for the future. Yes there have been some setbacks and in all reality there may be more in the future but for anyone willing to buy shares at these levels and tuck them away, the future is very promising.
And the hits keep on coming....LOL
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80999583
It's going to be interesting to see the numbers for the quarter. Hopefully the growth in revenue will continue at the rate it has the last couple of quarters. I think they have a real good chance of becoming profitable in the fourth quarter. That being said, if they could get the API situation straightened out before the end of the year, I think being profitable in the fourth quarter would be a slam dunk.
The next year should be filled with many positives for the company.
Couch I have been an investor in this company for a year now and I'm curious as to the other ideas you have about what is going on. I am not a member of IHub and cannot write private messages but I can receive them if you would be willing to write and let me know your ideas. Thanks.
60% LOLOL
We have all talked about how many products ELTP has and are adding more on a consistent basis. Now they have a problem with one product and the majority are yelling "The Sky Is Falling". I actually find it kind of funny. Still the same company with one less product for now
If the HK company is a private company and has the want to get a market in the US as well as take the company public, what better way then to merge or buyout someone with all the things that ELTP has going.
I have no knowledge of anything like this being a fact but just throwing around ideas that might make sense.
As you stated, one of the only reasons I have ever seen for confidentiality, in my many years of being around the market, has been merger and acquisition talks.
cargo-hauler....I think you may be on to something. There are not a lot of things that can legally be kept confidential today. Negotiations for a buyout or financing would be two things that could fit into that category but I don't really think that it would be necessary to have a CT filing for financing. This could be something very big.
You say everyone is dumping....Does that everyone include you????
Me too!!!
Sell, Sell The sky is falling!!!!
Sometimes the lack of rationale is hard to comprehend.
Nice healthy pullback here and as someone else already said, this pattern happens so many times just before news is released. I think we have a good chance of seeing news this week.
LOL Over 300K in volume in first five minutes and almost every transaction was a buy....going to be another good week IMO
lasers, I have been an investor in this stock for over a year now and continue to add shares whenever the opportunity presents itself. I'm usually a trader by nature but ELTP is an investment for me as I believe it will one day be a multi-dollar stock again. Most stocks that I invest in I also keep some trading shares as well but with everything going on with ELTP and the possibility of a huge news release at any time, I am not trading it but rather just continue to add to my position waiting for that day when it reaches a price where I feel comfortable in selling my position.
As far as Knight is concerned, anyone who has been trading for as many years as many of us, has seen Knight destroy many small companies. It has been rather fitting to see what has happened to them the last few months.