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Maz,
I know you have been very optimistic in the past and have some doubts. But remember the psychological impact of a stock price, very often outshines rational thinking. We will be fine my fellow long. Remember, from generics alone we are worth 40-50 cents. So, the absolute worst case is Nasrat sells the company for what he tried to block with the poison pill some time ago. Best case scenario, buyout for 2-4 bucks after ART pipeline is validated by approval of SequestOx. IMO
For those who are interested...Commit this diagram to memory and utilize it in analyzing a stock, as one watches the various boards they are invested in (including this one). They also have a nice little diagram, at the bottom, explaining the "Shorters" emotions as well.
See first diagram. It is a simplified explanation of the relationship about stock price and the psychological impact it may have on investors[url]
I guess we will see about that (scoff, scoff)
She will, when she is instructed to do so by the BOD. Otherwise, she is not able to.
She would have to provide it to the public as well, not individuals who call her (although I'm sure this occurs secretively because people are somehow always "in the know").
Things that may have an impact, whether positive or negative, must be divulged to the general public before acted on by an investor, otherwise its acting on insider information.
Hey Maz,
I imagine Diane is in the loop, as she is an integral part of ELite. However, she would not be able to share this information with us, even if she knew. That would be distribution of inside information, and then investors acting on this information for personal gain, finally we get another Martha lol.
As for SequestOx. We will hear in due time. I expect we have some good news coming our way, with the conversion and then the 1.3 mil bid oddly placed, with respect to timing. If nothing comes to fruition about Sequest, then we will be given an update in November, as the absolute latest as Nas said.
We also have that CT order which expires in roughly 2 months.
Just some stuff to think about, as we very well could have some insane news with respect to magnitude, in the coming weeks.
Good luck to you and all the longs. ELTP will persevere in the end and Nas will become a billionaire, and others will become very wealthy.
see my previous post
There is also a resistance point at .0021, it was a semi-old high. We will have to break that as well, but I suspect it will be weaker than .0018. Also have to factor in the "psychological" resistance of .0019-->.0020 conversion. We have some work to do but IMO we can break them, and then sail to the .003-4 range.
I expect a surge and plunge, or gap and trap in the morning. A bounce off of .0018/.0019 again and then down to .0015 so the MMs can load some more shares and allow the Bollinger Bands to tighten some more.
If the upward momentum continues this week, we could have a Golden Cross of the 50 and 200 day EMA relatively soon. Two ticks a day would probably make it early next week, which would definitely give us a spike to maybe high .004's low .005's, before settling back down to high 3's or low 4's, as I think they are playing the chart with WMA and EMA rather than SMA (makes sense now with further investigation as to why, but not before which is why I hyped the SMA golden cross which actually meant nothing but more support for us).
Honestly, I do not think we will see anything above a penny before the R/S even if they announce the R/M. I say this because there is a pretty good iron grip on this stock, and although it is weakening, I also suspect the MMs have accumulated enough to be able to hold it from flying off its hinges, per say.
This post is not meant to be negative in any way, because I honestly do believe we will continue to climb. I just do not think it is to the extremes, that some are continually chiming here.
All my opinion. I just wanted to put some unbiased thoughts out to the investors sidelining. If you were wondering my thoughts specifically...I intend to sell a few at open tomorrow to cover my cost basis, and then let my new freebies sit with my old freebies, while riding out the storm.
SPCL/Pixel for the win
It irks me to see this friggen fake wall put up, every time we get close to a pivotal point in the stock price....
38 mil at 17, yeah right....
I guess they are trying to keep the stock price within the 2 standard deviation Bollinger Bands.
Real Inquiry...
Could you please tell me which MM's are retail and which are not, and if they are not, what entity do they represent (hedge funds..etc)? TIA
Just MMs IMO. See my last post.
IMO this is just all manipulation to keep the chart looking a certain way. Since this is a far-sub-senny play, manipulation is at its finest. We are however setting higher lows everyday, regardless of manip or not.
IMO they are waiting for the bollinger bands to close before they allow the next breakout. This is one of the ways they get away with manipulation, if they trade the chart, it looks as if all the movement in the stock is due to charting based analyses. AKA just a scapegoat so they can skim all the money and shares they can with manipulation and then make bank with the big breakouts.
IMHO Next week we go up as bollinger bands sit at roughly .0008 and .0016, and should be at about .0010 and .0015 after today's trading is complete.
Fairly certain that we will have some good news coming our way, in the next couple days.
Who in their right mind would pony up ~$234,000.00, if they weren't certain of a positive outcome? Unless its Bill Gates, or someone of the like, I would say absolutely no one. I feel more secure in my investment and glad he popped up when he did, to basically signal the last of my buying opportunities for the cheap.
GLTA longs. GO ELTP.
I must concur here, the FDA guidelines say 3000 mg max is the highest for extra strength dosing of APAP (tylenol extra strength). But overall guidelines say 4000 mg max/day is the absolute limit, although many doctors stay under 3250mg.
Now one dose in excess of 10,000mg/day can cause acute Liver failure in a vast majority of the population, and chronic doses of even 4,000 mg have been proven to do the same.
That man must have had a ton of N-acetylcysteine (NAC), mucomyst, to prevent the inevitable liver toxicity. As mucomyst (NAC) is used to replenish glutathione stores, which usually are the detoxifying enzymes for APAP, that get used up.
The spillover from glutathione to CYP2E1, is what causes the vast destruction of the live cells through reactive intermediates, which go on to form covalent bonds, and induce necrosis of those cells.
In short, I have no idea how that man is living unless he had a ton of NAC on hand, or via a very rich diet in glutathione such as asparagus/garlic/avocados.
"911" on the bid... is it to entice premature buying, or real news to be released?
Order won't fill at .0012 even though higher than the ask....may have to switch from AON.
Shows the lack of shares on the MM side of things.
Former CEO of Par Pharmaceuticals, Paul Campenelli (who was acquired by Endo) was just appointed CEO and President of Endo today.
Does Par Pharmaceuticals hold ties to Elite anymore?
I know they did in the past - 2007 with their CSO.
Oh, thats right and with Doug Plassche!
Endo also has an extensive pain-centered, drug line, by the way.
HMM seems like we have some nice developments here.
Bottom is in here now or very soon....
Williams R is way oversold
RSI at 40
13 Day SMA crossing with 50 day SMA
Next leg up will inevitably have more support. We set some higher lows too here, which is nice for the overall picture.
William's R% showing way oversold. Next leg up inevitable
Golden Cross
Cup and Handle
Accumulation-High
MACD-Correction Performed
Higher Lows and Sitting ever so slightly above the middle Bollinger band.
UP WE GO... today by close or Monday.
Yeah that's what I was talking about when referring to the Golden Cross. For whatever reason, they have a vice grip on this thing for the time being, but I do think we will still get a reaction from it, albeit delayed.
Looking more and more like a cup and handle formation as well by the way, if you would like to look into that for yourself.
I added it back in early spring as a bounce play, and the the reverse merger deal 8k made me add more. Flipped some at .0016 and .0017 and covered most of my initial investment. Now holding and if we touch .0014 again, will probably buy more shares since I believe a run is inevitable in the very near future and that will mark the start.
Sorry about that...thought you were referring to level 2. Didn't look at the post you replied to.
The info you asked for is under the insider activity tab on etrade. I'm sure the others, Scottrade, Ameritrade, etc have it as well.
Just go to OTC markets dot com and type in SPCL. Much easier than me posting a screenshot. It's a live feed for free, can't see what has occurred, just real-time.
Agree, level two has been showing "i need shares" sos messages all day.
Coupled with the chart formations at hand (golden cross and cup and handle), I would say this makes perfect sense. They are running out of room to keep trading sideways, yet acquire shares, and are afraid to move up on the bid any because they know the next run is inevitable and doing so could initiate such an event.
--Cup and Handle formation--
I looked at the insider trading activity on Etrade as well and it does look a bit odd...the fluctuation is in concert with the regular volume, but obviously not the market volume, and is showing up as black with no execution/buy/sell etc information above it. What this means, I do not know?
So you are telling me the deal already went through?!
---Yes, that's right, I pulled a namtae and spun your words in the opposite direction---
Yes, stated this aside from the financials (since I think that is common knowledge to most of us longs), a few days ago. See my previous posts.
We have a major event on the horizon.
My question is, when the CT information comes to light, does ELITE have to say something along the lines of "this material is being release in accordance with the CT order"? Or is it not necessary for them to make such a statement.
I only ask because I am hoping none of the events that have recently occurred (after the CT order), were the events hidden by the CT order.
Ayyy Scotty Allen is back. Looks like we move north tomorrow!
Obviously fake shares, but I think they were using it to communicate to the other MM's. What they were trying to signal, I do not know...
39 million on the ask at .0013?
I am holding a little over 2 mil currently, with a price average of .00086xxx. I have been flipping a few shares here and there, to try to get back my investment, which I have 500 more dollars left and then the rest is essentially "free-shares".
I plan on letting the residual freebie shares ride it out, because whats better than a risk-less bet ;).
I have been marking points on the SPCL chart throughout this move, as I've been in SPCL since early 2016, and I can't seem to understand why we haven't made a hard move north, for the life of me.
We had a golden cross of the 50 day SMA and the 200 day SMA just two days ago and now another golden cross of the 50 day EMA and 100 day EMA, today. Both of these are very strong indicators of a bullish market and the MACD has reset, with accumulation still occurring, although not as high as the first price spike to .0018. RSI is in the 60's so we still have momentum on our side as well. I believe we are just waiting for the MM's to fill their shares, as we keep on hitting a higher and higher low (averaged) and even hit a higher high, a few days ago at .0019.
Let's go SPCL, show your true colors and set another high! Let's break .0020. Every other chart-based motion I have marked has come to fruition +/- 3 days, so I am still within the window. If we break .0014 I will probably buy another mil, as that resistance has been key, but if we keep in this range I will let my freebies just "ride it out" per say.
Well depending where they plan to up-list to gives different requirements. I believe NASDAQ is above 1.00 for an extended time (unsure of time frame), and for OTCQX I believe it is above .01 for 30 days.
Level 2 is bouncing all over the place right now. Why did CANT move up to .251, he was sitting at .0010 for a while there, and then moved to .251? It looks like we will get some fills at .0008 relatively soon though. More shares for me!
GO SPCL/PIXEL
I concur, I do think SPCL is acting quite odd at the moment, considering we have a golden cross on our hands. I think we just need a little momo. I also do think we will test .0018-.0020 again, this time it will most likely be broken. That is after we bounce off .0008 again. These pesky support+resistance lines are getting on my nerves, since it is essentially making it a momentum killing, flippers-haven.
Last post of the day here for me, unless someone wants to gift me a membership =D. One last observation I have based solely off the chart.
Everything on the 9 month chart is very indicative of a Cup and Handle formation occurring. That coupled with the Golden Cross is going to give a us a monstrous increase in PPS here very soon.
GO SPCL/PIXEL.
PS I will be watching the board, just can't post until I get my free posts reloaded again, unless someone gifts me a membership! Please and thank you !
RSI is reset. MACD pulled back so no more corrections to the pps are needed. 50 and 200 day SMA still just a hair away from each other.
When this does run, from the Golden Cross, its going to run so ridiculously hard, as the RSI and MACD both have plenty of room to go now.
Oh by the way, 14 million on the BID....HOLY COW
There is absolutely no chance of them getting rid of the CII substance, it is needed for patients who aren't well controlled on non-opiate pain medicines. More stringency and guidelines imposed to doctors yes (although a negative for us), as well as, more emphasis on ADF formulations (huge positive for us).
This company is probably the best, if not one of the best OTC stocks there is and continues to improve. Increasing revenues every year, new partnerships, new generics, and fixing the flaws in our company as the FDA points them out, as necessary.
We will leave the pennies behind, on our own, or through a buyout. My target to sell has always been late 2017 to early 2018. My time frame still holds and I am even more confident in this stock then when I first invested, with all the new developments.
We are a baby company, with respect to the other BP's. Babies learn to crawl, then walk, then run.....We are about to enter the walking phase come end of this month. Mark this post.
GO ELTP. LONG AND STRONG AND ACCUMULATING ALL I CAN UNDER 20 cents.
That was the dip, now time for the rip. End of day today, or Monday. Somehow they managed to reopen the gap between the 50 day SMA and 200 day SMA, ever so slightly, as to postpone the golden cross until they have shares. When I say "they" I mean the MMs, and when I say "golden cross" it means we are sailing on a very bullish move EOD or opening bell Monday.
I called the dip and rip today. Just waiting on the upswing now. I'm glad I was watching level 2 all day today to pick up a few mil at .0009 as soon as they dropped the bid to .0008.
GLTA. GO SPCL/PIXEL.
Haha that also gave me a chuckle. Yes, definitely a fishing line. Fishing for our shares that is.
Would be nice. But I don't believe we hear anything new until the end of this month/start of October. All I know is October, November, and December are going to be very exciting here at ELTP. I don't mind as my price average is getting very close to the current pps anyways and this silence will continue to help me.
I think Nas has a nice little present waiting for us, that is contingent upon what the FDA has to say about our Sequest. Dominoes are lining up and just waiting to be pushed. Chinese-based startup partnerships, Chinese-based Humanwell, "no comment on if Humanwell wants to stay our partner via EPIC for Sequest", conversion of the preferred shares, pending site transfer for generics, and approval of two more generics pending the SOP request from the FDA for ADE reporting. Finally, You guys remember that CT agreement? ;). The CT agreement says whatever it was that was being confidential must be released by or in December 2016.
I feel as if I'm going to need some Milk and Bread, and not just these "bread-crumbs" Nas is leaving us along the way, as things are going to get a hell of a lot spicier around here soon. All seems very foretelling.
GO ELTP. Long, Strong, and Accumulating all I can under 20 cents.