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Very glad I did.
Really hope we hold the 200 DMA.
Would love to see that as the new floor.
GLTA
It makes for a nice little pop in my portfolio.
Has anyone spoken with management lately?
GLTA
Can't argue with a chart guy with a pretty good record.
But I would not be surprised if we closed above the 200 DMA today.
Direction would have to change but there are still a lot of folks who may not have seen the news.
GLTA
I think we could see as many as 1 stock moving pr a month for all of 2012.
What I like about eltp is no fluff and they follow threw with the few projections they put out.
No one can call this a pump and dump, they don't ever pump, they just deliver.
Patent next or new shipment ?
GLTA
Agree
Looking forward to a drug release this week.
Hoping we hold the support around .087 and we begin the next leg up at .09 or higher.
GLTA
They have to know when to release news.
But I guess the proof is in the pudding.
GLTA
I have also purchased a few shares this week. A little high .088
Down side .07 (I don't see that with the funding in place )
Upside my guess with a just the meth pr a min of .15.
Its a no brainer.
GLTA
Do you have a price trigger for a buy.
Would you buy on significant news (sales) even if did not meet your price?
I am sure that if I played it that way news would be announced on a day I was not online. I would by looking at .012 or higher and miss a good percentage increase.
As you know once it moves it will move quickly.
IR remains very positive about the long term prospects.
GLTA
Thanks Tang and Hike for sharing all the links, it makes it much easier for a new investor to understand what is going on here. I first bought this company on a whim when dem ( from yahoo) spammed it onto another board. This is the one and only time I followed a spam. I did my research after purchasing, really stupid but I got very lucky with my original shares. I have traded some but built a very large core position.
Again thanks for all the info as I am still learning about the company and the tech.
GLTA
Thanks!
I loaded up in the .006-0065 range before the new year.
I like the story and think we will have trading opportunities all the way up to .03-.06.
Have increased my core on the 2 times I got in and out last year.
As for the .0076 bid, I just am not confident I will be-able to acquire any more in the .006 range anytime soon or quite possibly ever. If I am wrong I will happily buy more in the lower range.
Keeping my fingers crossed for an angry seller.
GLTA
I am attempting to at .0076, but I bet I won't get that lucky.
A lot of folks (myself included) are expecting the release of methadone and feel it would be foolish to sell when positive news is very close.
GLTA
Prediction
.012 with several 2 mil volume days
GLTA
Then we might be talking about some wild numbers.
GLTA
Elite has a lot more arrows in the quiver than when it ran to .25 in 2011.
An equivalent run up would be much more justified.
GLTA
Lighten up a little at .15.
Purchased eltp at .073 on Thursday which I originally found spammed on the iweb yahoo f Board over a year ago. One of the few times I followed a spam and glad I did.
Looking for some sales on iweb.
Still hold a large position.
GLTA
Like His economics, foreign policy is a little scary, but love the wrap.
GLTA
I have seen that type of activity on several stocks I have owned. Sometimes it will happen for a week or two almost everyday.
I think this could be a great year for ctyx, dare I say profitable.
I think we will hear that word and see the numbers by possibly second or third quarter.
GLTA
Happy new year.
Agree
It is shaping up to be a killer year for eltp.
Thanks for the summary Tamgerine.
I have really put my money where my mouth is on eltp as I purchased another 3 chunks in the last 2 weeks. ( may have been the last chance to average down at these levels)
The patents are very exciting and if one or both are approved we could see some pretty unbelievable returns.
GLTA
Put in your gtc at .004, if you are feeling really lucky. lol
Have a happy new year
The 10 k did not seem to carry much weight with investors, most are looking into the future.
You are right on the price, this could easily close at .155 or .13.
GLTA
Some buddy is buying this am at .007.
That is still a good buy.
They will have a 100 to 200 % gain in 1 to 2 months imo.
Is that you Mr Jones?
Don't miss the opp.
GLTA
Seems to have found support at .14.
I think that there has been a positive news leak that has brought the price up to this level and is maintaining it. True or untrue, I don't know.
I would have thought that after the 10-k we would have been testing .12, but cheap shares are getting eaten up.
GLTA
My info differs from yours.
They have NOT sold 100 million shares at .005--according to the filings. Now if you want to say the filings are fraudulent--you could say that about every and any company out there.. That 100 Million shares would be $500,000. They have sold restricted shares at .005 that will not be free trading until after June 2012. But certainly not 100 million. IF--and it is a big IF-- that guy on the phone said that--it was not true and most likely to try to present the deal as SOOOOO SO good that they already had sold 100 million shares. LOL-- a sales technique that does not work when you look at the filings.
The preferred shares are held by long term investors that do not get the shares unlocked unless management signs off. IF they converted right now, the total shares would be less than 180 million all totaled.
Meanwhile, according to the last CC the company has reduced their expenses and losses and increased their revenues . Some recent announcements have not hit the top or bottom line yet. The shares outstanding are about 89 million--with less than 47 Million in the public float.
If you expect NO progress on cash flows, then I would be concerned about restricted shares being unlocked next summer. But there is six months of potential news ahead to move the stock that I believe wwll mitigate much of any selling after June. And what would those shareholders with those newly free trading shares do if the company was trading at $0.03-.$0.05 based on real revenues and profitability? Would they sell everything?
And, would a trader buying now be upset with the possible opportunity to buy today at .0065 and sell sometime in the next six months at .015 or better--and maybe trade some more swings?
I have my eyes wide open--as long as I know the landscape.
Its a surprising rise in price to me,
I would certainly have expected tax loss selling to keep iweb at .12 until the new year.
SG are you selling into this strength?
You have to be even more surprised than I am as you were predicting .05.
Not knocking your prediction as mine have been horrible.
Great product, sales should follow.
Merry Christmas to all.
GLTA
Been watching MMRF and getting interesting on this last test of the 200 Day Moving Average. If they get the $5 Million as expected tomorrow, I expect more buyers coming in. Why buy before the news? Tomorrow, it may be higher, but at least you know the money is in their bank account.
Just got back from vacation to an early Christmas gift.
CTYX at .006, picked up as much as the market would let me.
No reason except for tax loss selling for it to be this low.
GLTA
Yes I would think that it would be a material event.
Maybe a little impatient, bought 30k at .074.
GLTA
Merry Christmas to all.
What was it before?
Isn't that a large jump?
GLTA
My son laughs at that ad every-time he see it, as the acting is so cheesy. lol
ctyx will get up just fine on its own merit.
Same here.
Captain
Good to hear from you! I was thinking you might have jumped from a tall building. lol
Really no excuses now for iweb. They have the cash. Can they execute? We shall see.
Nice to know they have a large back order, and last month was the best ever.
GLTA
So far not near enough blood to fill my order.
Not even close to my price.
I think John mentioned in the CC something about a large back log.
I was not so old when I began investing in iweb.
But I may be be considered one now. lol