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Sorry I stopped trading this stock last year. The spread is ridiculous and volume is too low. Nobody on this board is large enough to really move the stock, it's all noise, as volume is terrible proving that out. I wish I could trade it actively and would have really "loaded up" if I could have shorted it last year.
From a news perspective and technical perspective, neither suggests a low is in place. It is much too close to the 52 low to say so. That's the thing with this stock, every time you think it can't crash further it does, but first it sucks wanna be home run hitters in first. That has been the pattern to a T over the last year. All hyped up and crash.
Fact is any savvy investor knows all this and the price is still crashing. This is the same point I made in July 2016 right before the collapse. Desperation causes people to see their own version of reality, not the actual one. The fact that price keeps declining and stocks trade off future expectations not present, means big players expected more failures to come by this company.
Because he wants you to forget all the shares he was advocating everyone buy over the last year at huge losses now. Classic deflect campaign.
No this is a penny stock down 75% since last July with no known bottom. That's the truth. Everything else is spin.
Generally a collapsing stock price is a good indicator of the company that is ready the take off....
Only by trading it. Not accumulating it.
It's sad. I see nothing but desperation from people who still after all this time have no idea how markets work. They didn't get the clear as day hint when the stock couldn't rally as approval was "guaranteed" last July. Since then every bad bit of news has been rationed into a great buying opportunity as the stock price has done a full collapse. The stock price has traded in the same pattern over and over for the last year, preying on the naive repeatedly. Some longs love to believe they know things the rest of the market doesn't, but that's just plain arrogant and foolish. There is a sucker born every minute and ELTP is nothing but a suckers bet.
How are people still buying this utter garbage? Seriously, why would you want to buy a collapsing stock with more dilution by the minute?
Buy everything you can, right? Lmao
He left out the part where millions more shares are hitting the market and the company has so far demonstrated a lack of competence and a great amount of arrogance. Dilution is outpacing earnings and there is no end in sight for it, anyone telling you otherwise is highly likely way underwater in this stock and praying for a miracle
10 cents is now resistance not support
So at this point if you bought ELTP 5 years ago and held, you have made
Nothing. Many people thought those posters warning of bad news ahead were trying to kill it, but were correct all along. This train wreck was not difficult to see, and Elite can only thank god you can't short the stock or it would be worthless right now. It all started when Nasrat declared no one could stop them then proceeded to lie to shareholders about the timing of the NDA filing.
I feel bad for people who legitimately invested and lost a ton of cash in the last several years. The pumpers have now crawled back under their rocks and will emerge on another shitty company posting board in the near future sadly.
He absolutely knows what he is doing and it's ripping the shareholders off with at best his incompetence. It's amazing people are still defending this dog after all the failures. In a year where big companies are up over 50%, investing money in this trash is laughable.
Autocorrect is the enemy. Of course that is no one can STOP ELTP.
Same guy dumb enough to say nobody can drop ELTP, not even the FDA. How is that working out for him?
That is the right question. Why if all these great things are about to happen is the stock pricing continuing to nose dive? Is it that only a few folks here know of all these great things? That's why the saavy crap makes me chuckle. Since a few months before SequestOx was supposed to be guaranteed approved, the stock price has acted like anything but. This isnt rocket science, its collapsing for the reason
Actually the vast amount of people betting it all on penny stocks fail. Those people keep finding reasons it's a screaming buy all the way down
People put blinders on because they become desperate. It's a penny stock that is falling hard. The whole way down people try to justify why it's way undervalued, yet the stock keeps falling. This is a very common occurrence in the penny stock world. This isn't rocket science, even though some either refuse or can't see what is happening. All this great potential, but they believe only they see it, that the market is dumb. Great way to blow your money.
The same one who lied last year about the NDA? yep that one. Notice the lack of question mark
The SequestOx NDA was supposed to be filed and hopefully accepted by the end of the year in 2015, from Nasrat himself. Nothing but silence till January when we find out it wasn't even submitted yet. Spin it any way you want, but Nasrat misled investors at best.
Lmao. No savvy investors jumped this stock last July to begin and continue to do so. Price don't lie even if Nasrat does.
All this and we hit lower and lower stock prices (quick blame the market makers, instead of see the truth)
The problem is that stocks prices don't just trade in the moment, they trade on expectations. Since the price keeps dropping, it tells me that the market doesn't believe management can execute. New lows are being achieved for a reason and it's not because the market doesn't understand the plan.
Or sell at .38 before the crash that was easy to see coming if you understand markets
The government is not in the valuation of companies business. If SequestOx didn't have issues, it would have been approved. There is no boogie man here, the company just made wrong steps
Not too many or the stock price wouldn't be falling. If this stock could be shorted it would be under .10 as its clear most don't believe in the company or management's ability to deliver by its stock price
But stock, shares at this price are a no brainer...lmao. They were also a no brainer at .15, .20, .25, .30, .35
See a pattern?
Buy everything, invest your life savings. It's a guaranteed approval and going to at least $4, maybe $38. That would be a good recipe to financial ruin.
If you bought this stock within 4 years or so, you basically have broke even at best or are down a sizable amount in account value. At best it's dead money for many years now
Lmao well zero chance of that. No one including shareholders want this piece of garbage
Pure nonsense and dreaming
Since you can't short the stock, there was also plenty of selling. It's just dreaming again by the longs. The stock is going nowhere, its dead money
But but what does level 2 say? Lmao.
Same stuff, people praying and hoping. Sucks you can't short this.
Tomorrow it will likely come right back down. That's how this has worked.
How can people thank you if you can't short the stock?
What heavy end year end selling? Today was no better than any other day of late. There is still much to question for investors, that's where the pressure is and will come from.
Just look at the stock price. Savvy people don't believe anything that Nasrat says anymore and the stock price confirms it.
What volume? There isn't any.
I'd also say if it couldn't rally at all, even a little, on the news already, why would it suddenly move now?
There is far from any guarantee that Sequest Ox will ever be approved and if it is approved, no one here knows how much longer that would take. Obviously the market doesn't believe in ELTP or their announcement.