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Really, I am guessing this isn’t the market makers, so tell me which method they are using to short the stock? Market makers are not long term shorts, they are required to make a market.
He should love the OTC where the stock can’t be shorted. If it could, it wouldn’t be at this level and would have collapsed much faster. he can manipulate the OTC, can’t manipulate Nasdaq quite so easily
I think the market is demonstrating they believe Nasrat is pretty much full of it. How else could there be more sellers than buyers after Nasrat’s CC?
And of course lied about filing the NDA for SequestOX in the first place. Suddenly it wasn’t filed in December 2015
IF they are, the price should rise. That’s a big IF apparently because the market isn’t stupid, if it was likely the price would be rising, not falling.
What manipulation? Buys were low after the CC. Are buy orders not being executed? All the way down it’s manipulation. Deep down you know that’s a giant crock
Why didn’t it rise? Seriously why can’t this stock rally at all. The Longs here all say it was a great CC, so why was buying so low and the price not moved an inch?
Why not. It’s only down 80% from guaranteed approval time. Every time people tout this as a tremendous buy, the stock doesn’t move or goes lower. So why isn’t it skyrocketing or at least moving on great news?
Another example where things don’t add up with Elite. Supposedly a really good conference call when great answers, yet the price goes absolutely nowhere. There is a lack of lack of interest if anything. CC days usually brings big volumes. Why can’t the price rally? Where are the buyers?
He also said nothing can stop elite. Not exactly Nostradamus
There is a conference call shortly. Perhaps you have heard
Of course you don’t own a million shares if they reverse split. Your holdings are worth the same amount you just have 100 times less shares. You are comparing apples and oranges in the example. Now if Nasrat could actually have the stock value go up without artificial means, now you are talking.
Because misleading stuff is getting posted daily, like the MMs are controlling this stock. That was pathetic and ridiculous at .35 and just as much so here. You can cover the technical side, I certainly can not do that. However the market side is a different story and it continues to hugely doubt the management clearly.
So many people here guaranteed approval last July and called generics, breadcrumbs. A year later generics are the company’s future and the message still stays the same: ELTP is a screaming buy and it’s only down because it’s manipulated by MMS and the FDA. Pretty funny to watch it unfold and the same stuff being repeatedly over and over.
The price can go a lot lower. What makes you say a poor CC is already priced in?
That train has steamrolled the vast majority of people here, especially around earnings releases.
Yes this is like Groundhog Day, but some just don’t pay attention or want to accept it. Good news coming and extended selling. Guess which is right. This isn’t that hard. Man I wish we could short this stock, make a fortune
Great news is coming this week and yet people keep dumping shares? How can this be?
It's funny because a lot of people can't understand this. This is not getting shorted down to this level, it's been diluted down to this level. The difference is night and day and those that don't understand it better look it up if you are investing cash in ELTP or any stock.
The naked short angle always and I mean always turns out to be garbage. Suddenly the number goes down but the stock price barely moves. Have seen this literally 100 times.
It's also easier to lower the price when you throw millions of shares in additional float and can't grow the company substantially
Perhaps just a rounding error?
This is great. Every bad trade I can now rationalize to I called it, but didn't execute it well. Maybe we can extend it to I was "thinking" of calling it, next.
So basically the stock opened and traded up near 9 cents on complete nothing shares, then the sellers came in and put it back where it should be. Bodes well for a rally ....
You guarantee it is not dilution? Nothing more than speculation, as we don't know.
What will be said if they aren't or they don't make a lot of money. Everyone knows all the information you posted yet the stock prices is failing fast. Why would people be selling so much given all this great news? Makes zero sense unless there is something you are missing
You said it would never even get back here couch. You have been wrong literally all the way done countless times.
The stock price is collapsing and no amount of BS will change that.
Too many people who are in losing situations average down and bury themselves further. People should constantly be asking themselves, is their money put to better use in other stocks. $10k for example is the same here or in Apple, it's where you think it will go from here that should be the thought, not that the trade is underwater. Penny stocks wipe people out much more than make them rich.
Buy all you can. Mortgage the house, this is can't miss stuff. We all know this is just market makers...amirite?
Based on no bad news today, its going to gap up Monday? What in the market makers actions today signal this exactly?
Every drop is this same post. Whoever is accumulating doesn't have a house left.
Lots of accumulating and covering? That's just pure speculation. High volume on a big down day is a bad technical sign.
You really can see very easily from this board how people lose all their money. In denial on a penny stock. Pretty much sums it up well. Excuses are unlimited, never the company to blame.
Full collapse. How can people not wake up and see what is happening here. All this great news but the price is collapsing. Sure makes sense, not like you may be missing something. This is basic market understanding
lol of course, every collapse is a buy
Of course it will. Bought out of bankruptcy. Lmao
Or that the stock was clearly manipulated by momentum traders and ran up and down too quickly. The idea that elite ran to .97 on fundamentals is borderline insane. It was 100% manipulation which happens quite a bit in penny stocks. Savvy people sold knowing it would collapse again and it was a tremendous trade. Those who couldn't understand what was happening thought the company was taking off only to get slammed as they bought more shares.
If you buy in the first hour tomorrow you get shares of a sinking stock and company. But that's not all, you'll also get endless incompetence from management who will almost immediately dilute your shares while continuing to put out vague answers or avoid them all together. Act now supply is actually "unlimited".
You know better. It's the market makers holding it down....its SO obvious.