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Mr. Reid, Thank you for the long awaited update.
Sincerely,
Liam00
In the case of KMAG, what I have coined 'Ratchet trading' is simply selling high, and dumping all the money back into a lower price. My goal is not directly to make a short term profit, but accumulation of shares using the original $ investment. Nothing too complicated, but it is like using a ratchet wrench. Each turn grips more and more. For other stocks I use some trading tools to help me in this process, and they help take the emotion out of it, by focusing strictly on the share count and not profit. I have to add that a lot of this is done in my IRA, so I have limitations on trading rules, but that is ok, because I use tight limits on by numbers. I only win about 55% to 60% of the time, but I rarely lose actual cash, because I don't care as long as I am gaining shares. And I am not racking up tax bills.
KMAG has been a strange one, because it is like shooting in a fog. I usually have buy and sell orders in at the same time, and how the high ones sell at 8, and the low buys at 4 and 5 don't fill (at the same moment), is a total mystery to me. I have my theories, but as long as it works for me, I 'aint arguing! But the last two weeks, there has been some strange things going on, and I am just holding on the my hat! I hope this makes some sense, as it really is very simple, but it is my approach that makes it easier to execute.
GLTU!
Jamie, I trade KMAG with Fidelity fairly regularly (a trade every week or two). I have been lucky to walk down my average by ratchet flipping. I currently have buy and sell orders in, (Simultaneously!), so I am a one man ask-bid spread just by myself. HOWEVER, in the past couple of weeks, it has become almost impossible to get a trade to 'hit'. Something has tightened up at Fidelity, and I can't explain it. I will move some assets (and play money) back to Scott, and see how it goes.
Glta
Funny you say that Toymaker. I am sitting with a lot of free stocks here, and if this truly exploded upwards, I intend to help someone out. I look at it as free money, and I think I should try to fix it so others can have a decent Christmas/Thanksgiving.
NEWS!!! Elite Pharmaceuticals Announces Manufacturing and License Agreement for Twelve Generic Products
I am actually beginning to worry that Washington is going to actually default. They really hate Obama that much. IMO
What time?
Is there any real and official news on KMAG recently? I am long, sitting on a lot of shares, but wondering when we will hear real information.
500,000 for sale @ .0085 for anyone interested.... Fidelity
Not in an IRA. No taxes.... Do the Math
I hope so too. I was a month from retirement (admittedly I was counting those unhatched chickens!) then BAM. But I am staying on time this time JR releases me from my bondage!! LOL!
Good Luck to you Mierto!
This will retract a little, it always does. But it is finally going in the right direction. I flipped out some today and got into NUG* before that candle took off. It is rare I jump from one rocket to another on the same day. If this closes below 12, then watch the money from us flipper/ratchers flow back in....
Good day to you longs, I have been here for 3 years, and I love this company....
Can someone help me out and hit it at .12???? Lol! I am on a razors edge and I need this to move something else....
I do all my ELTP trading in my IRA. I am not a day trader or flipper in the true sense, I watch the RSI and sell when it gets a little hot. Never more than 25% of my holdings in a single trade. I then sit in the cash, and 'hopefully!' slip back in at a lower price. Truthfully, I know this has risk, but I was a long-time long, and observed the pattern. So why not! I am not getting rich, but I am ratcheting down my average PPS. And it does make it interesting, because while I think Elite is going to be a key to our retirement, it really is a very very very boring stock to follow if you don't have a little action!
In the framework of a retirement fund, there are low commissions, and no taxes. So I prefer this than taking my money to the casinos!
Keep up the good work AQUA, you are one of my favorites!
GL to all!
I am sitting on 1.5 mill of essentially free shares, because I was (obviously) very lucky when this thing exploded last year. I am in the enviable position not being a bag holder in the traditional sense, so I hold my "Free Lottery" ticket in the vague hopes that this will pay off a jackpot.
This darned company is driving me to distraction, because I check it daily like an addiction! If it ever exploded, then it's off to the races, so to speak. I feel for those of you sitting awash with red, waiting, no praying, for Mr. Reid to finally turn attention to the stock itself.
This commentary doesn't add to the DD here, but just my opinion and ramblings, and I am thinking some of you are in a similar position. My hope is that, Jeff has said to hell with the stock price, SEC, manipulation and red tape, and is trying to build a company in areas that really don't care about the stock price, exchange etc.
But Mr. Reid, if you do read these once in a while, a year is long enough to 'go dark'. Give us a PR of some kind. Even if it is just about markets, customers, research of new tags, whatever. We need to see that there is some activity, because right now it is like looking thru a fog, and there is no way to know if we can look to the future and either get out of this position, or wait and be proud we are involved in an active operation.
No I really have to log off and stop obsessing!!
GLTA, Liam00
Darn, missed todays ratchet flip, got greedy, I thought it would hit 12. Oh well, I will jump in at the low with some fresh money, and catch it on the down side.
GLTA! This is a monster company(good and bad! Lol!)
Fidelity. Works great for me!
ELTP, the flip dream! At least partially. I'm not getting caught when the big move comes!
GLTA
Something is stirring here. Volume creeping up, share price creeping up, a couple of excellent finds that KMAG is actually shipping product. I am not saying some big PR, (I wish!!), but I sense that we are going to see some action soon.
It's quiet,,,,,,,,
too quiet....!
Thank You!!! I tried that before and it did not work, so I searched all over the internet for hours and hours. I just tried it again, and it worked!
Thanks for being so helpful!
This can help, but I was looking for the Excel spreadsheet. There was a very basic one posted a long time ago, and it is no longer available. I was hoping that someone here knew of an alternative location to download. Thanks for your help so far!
Can someone post a different link to download the spreadsheet? The Aim-User webpage is down, and I have changed computers and did not get a chance to move it before it died. It would be very helpful and save me a ton of time!!
Thanks
I'm gonna gamble (as usual) and move back from Dust to Nugt. I think the bounce will happen today. Maybe even just a little skim off the top??
Hmmm, time to grab a few. I know this is a PnD, but I am thinking we might see a bounce up now.... I might try to squeeze out a little.
IMO, GLTA
It will probably bounce up before the day is over. Maybe for a loss for the day, but the stock will 'quiver' for a while before settling in to a channel.
ELTP, still one of the best core position/flip stocks out there! Sorry folks, but it's hard to argue with this.
I think this stock will seal my retirement and I am building up a 'free' core position. There is still a couple of years left in this one...
GLTA
I do exactly the same.
330 means Gambling in Police code! The volume for today must be someone's mean of either a joke, or some sinister communication! LOL!
Just posting something, to keep the cobwebs away!
As I said earlier, watch for the Bear Raid. In this case it was a Bull Raid! I have a significant long term hold on Elite, but I also have a significant flip position here. Unfortunately Elite is one of the best flipping stocks in the Pennies. Argue or insult me, fine, the fact remains. So while I am playing the field here, I am also firmly entrenched in a long term position. Try it, you might like it!
GLTA
Watch for the potential bear raid this morning. ELTP is notorious for this. On the 'flip' side, dive in if there is one. I just want this stock to rise as it deserves. But there is an opportunity to make additional holding increases when there is a hiccup.
I agree, I am loaded for bear, and this bump will be a life changing event for me.
He is also a Marketing Specialist, and I am sure he had a role to play in that as President.....
I am curious why the head Marketing guy is leaving now.
Philosophical differences on how to approach the next steps, Jerry tired of not having Elite's name out there in front of everyone, other?
I hope this is a positive move, and that Jerry puts a more dynamic and pro-active Marketing Chief in place. It is frustrating to read articles on this market space, and not see Elite at the top of the list as 'players'.
IMO GLTA
That was 9 years ago. Where have we gotten in that time?
I dont understand why we dont get mentioned in these types of articles. Very very frustrating....
Easy money triple bagger, IMO. This will pop back to 45 on even the slightest push, ......again...... The good doctor will need some vacation money, so watch how this will suddenly shoot up, and be diluted back down.
Get on board for the easy money that awaits. Sorry to all you bagger, both past ans future. This is a trading/timing stock.
Congratulations, Good luck to your Son Heidi. Nothing else really matters, the rest are just 'things'.
That might not be entirely true. For a study to commence there has to be quantities of "Test Article" produced. You can’t do a study, unless you have the product produced that is being tested. To create the test article for a product not yet in production is usually VERY expensive, as it is a 100% custom production and requires a lot of effort, analysis and expense. My suspicion is that the $1M was to get the pieces in place. I.e. Test article, Clinical Lab NDA, and the various applications etc. Once an investor sees this level of completion, then they are far more likely to pony up the dough, so to speak. I think Jerry really stuck his neck out with that $1 mill, and this is the "big hit" he talked about. It will be a little while before the results are out, but my guess is the FDA will allow an accelerated program to get the ART to market.
All this IMO. I was connected to a CRO, and I have no knowledge about Elite's business. Just a typical approach to this type of study.
Funding news is ALWAYS the precurser to the Study news.
IMO, expect it in a day or two. They needed to get the deal finalized, the lawyers lock in the details, get it signed and off they go to the respective regulators and start the study. No way does the study start, till they have the cash. Typically studies require 40% cash upfront. Then milestone payments. So the big up-front is always that hard part. CRO's will NOT start the work without either cash or, in rare cases, shares. The Patent news may or may not hit, but the Study is 100% dependent on money.
Why else would Elite get so much of a commitment ($10M), unless they need the upfront money, and a guarantee to be able to make the milestone payments.
IMO,I beleive the Home Run is right around the corner, and I will be buying what I can.
GLTA, we are on the cusp of another PerrigX!
GO ELTP