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Just type in "washington post and dark pools" on google and you will learn that the volume at the top of this website is inaccurate. SEC is struggling to keep an accurate share count day by day. I have been involved in many stocks that have made new millionaires. This stock will be the quickest one in a while because NH is doing a great job. Buy, hold, accumulate.
rfwelch- What you are bringing up here is important. First you must know the FDA is bought and paid for by Big-Pharma. This is well understood. Several years ago in the New York Times even one of the directors in the FDA accused another of taking bribes. FDA is under considerable pressure as you know to clean up the drug business by Congress. Big Pharma has not solved this problem yet pours money into the FDA. Big Pharma really does not like NH and ELTP because we have the key to solve the FDAs dilemma. NH is moving as fast as possible and gets a friendly reception at the FDA because he is a known entity within the pharm industry. JT could not get that kind of reception.FDA cannot on the surface look overly helpful, however. I am certain NH will get quick approval to move forward for many reasons but certainly under the category of no other known treatment as all other attempts have failed. This is where it is important to be first with the solution to treat a disease or problem for which there has not been a solution before. The FDA will justify their quick approval under this category. Big Pharma will continue to throw everything they can at ELTP to keep the SP as low as possible because they know eventually they have to have a deal with ELTP. They will try to ruin ELTP if possible. The last few days have given you a small peek at how greedy the MMs on the OTC are. They shorted and naked shorted against a record earnings Q and a great conference call. No nobody would have shorted and naked shorted against that Q unless there was a well coordinated plan in place to take down ELTP. 52% short and naked short on the day after a great Q and excellent conference call is highly incriminating. However, there is something we can do. Buy more shares and hold at the cheap prices the MMs are giving us. In essence we can buy and take out of circulation even more shares than we otherwise could have.
Actually day traders do exactly that. They act in unison. I thought for sure they would have taken on the MMs yesterday but they did not. A couple of weeks ago, MMs were naked shorting heavily. Day traders came in and drove the price back up. Then the next day also. They sold on Thursday. MMs stuck with a loss and a lot of shorts to cover. The problem for MMs with daytraders is they are fast enough in and out. Not much the MMs can do.
Nasdaq-Thanks. That is what I thought.
Lasers- You know I have not seen a drug rep nor has it come across my desk. There must be a hold up somewhere. I think Couch and several other excellent long posters have mentioned manufacturing problems with the hard shell. Drug company cannot afford a second reintro problem. That would be it.
rfwelch- The smart longs know what is going on with MMs, etc. Yet they still boldly do this BS as if nothing wrong. Its like if you do it enough times and get away with it - then it must be OK.
Lasers- No beta test. FDA will require a brief human clinical trial just like ELTP has done. Resubmission to FDA. If all is ok, the drug company will launch and at a big pain meeting like the American Academy of Pain Management the drug company will sponsor a Lunch and Learn at which time they will give us a free lunch and a slide show with packets of drug information and free samples. They did that last year but as you know it flopped.
Lasers- the probability of MDs and DDSs switching to ELTP ART products is very high. Doctors are always under the gun and can lose their licenses. American Academy of Pain Management every year gives updates to MDs and DDSs on the current flavor of the legal environment. State medical boards are making it harder and harder to write these prescriptions. Many state boards require continuing education on writing rxs for opiates. Some states are limiting these prescriptions to be written by pain specialists only.
newguy11- There was nothing wrong with the Q. You are correct. MMs just trying to discourage shareholders from buying this stock. Later today the stock will start climbing. To end this nonsense NH just needs to declare a dividend, even a small one, even 1/10 of a penny. While administratively that will cost more than the dividend itself it will get rid of naked shorting and make shorts accountable. A dividend will cause a massive short squeeze. NH needs to keep the MMs honest every now and then. NH is moving as fast as he can. NH knows all the BS that goes on on the OTC. Moving as fast as possible and keeping the MMs, hedgies, etc in a constant state of trying to cover is the best offense for now. ELTP is worth more today than yesterday if only because we are one day closer to ART launching. The Q was good and do not let the MMs put any unfounded doubt in your mind by manipulating this stock. Buy, hold, accumulate.
Jayco-Pure MM manipulation to discourage new investors and trick them into thinking the Q was really bad when it is nothing of the sort. This is pretty routine for all OTC stocks where MMs want to discourage buying of a stock. Over the next few days you will see this stock rise. MMs by planting the seed of doubt makes you think that something must have been overlooked or not seen and there is nothing but bad news to come. All MM pure BS.
JL knows full well that OTC stocks are shorted all the time. Look at the top of this page and you will see short interest. Why would Finra keep tabs on shorts and have statistics on ELTP if it were not being shorted. Only someone extremely naive would think you could not short this stock. Some brokerageswill allow it, some not. Hedgies do it. MMS do it. Dark pools do it. MMs by nature of being an MM are usually short. Actually if you knew all the BS that goes on with OTC stocks you would be outraged. Retail investors usually cannot short OTC stocks. Again, it depends on how much money you have and who you know. But pay no attention to all that and just buy, hold, accumulate. Lenard is correct.
greentexas-When you think about the fact that MM's have at minimum 3 accounts for every stock,ECNs, Select network, overseas hedgies, dark pools, paid bashers, and naked shorting you realize that the SP at the top of this screen is really distorted a great deal from the real true value of ELTP which in my opinion should be at least $1.75-2.00. This is the real damage that is done by all of this and it is all done just to rip off investors who really do not understand what is going on. FUD at its best as Couch says.
Greentexas-Thanks for addressing this subject of naked shorting and shedding further light on this issue. One of the problems that exists is that FINRA at this point in time cannot separate shorts from naked shorts. MM's, hedges, etc have always taken advantage of investors because they know they won't get caught. I have followed this for many years and as you have said occasionally they get caught. It is illegal in Europe. I hope someday soon it will be illegal here.
I would agree that yesterday was not a sell off. It was MM's trying to keep the price down and pick up as many easy shares as possible from loose hands. They picked off a few stop loss orders, bluffed there way with some naked shares, and took advantage of the overall market being down yesterday. MM's know this is going to be a good Q. They will make some good money when this goes up next week. Do not forget ELTP gets more valuable every single day we get closer to launching ART products. Buy Hold Accumulate. This takes shares out of MM's hands and forces them to stop naked shorting and to stop manipulating the price.
MM's take these stop loss orders out especially when they know the stock will be going up. They are just stocking up on shares for the ride up. Note at roughly 10:30AM the bottom seemingly dropped out of ELTP. Several things were accomplished-1) Scared investors into thinking some bad news is coming in the Q and they should sell- a bluff 2) Pick off any stop loss orders. Longs are smart and will not fall for such nonsense. Believe in the longs here like Couch, Lasers, Nasdaq and all the other great long posters.
Not all brokers allow stop loss orders. Some do and some do not.It may depend on the amount of money you have invested with them and how familiar they are with you. They make exceptions. Unfortunately, in pennyland they should not be used and especially not on a stock like this. MM's make a killing on these orders. See www.pennystockpros.net/rules.
Manipulation- All the stop loss orders have been taken out.
rdragon-Yep!!!Will be green in short order.
rdragon-MM's bluff all the time. High order to sell at .39 could be meant to discourage buyers into thinking that everybody is selling and so that would discourage buying and promote selling. These orders magically disappear all the time especially when the buying just continues and the bluff does not work.MM's to fill these orders if buying continues would have to resort to naked shares. They are in big enough of a hole already. My guess is that the order will disappear and then the price would have to rise.
NH moving quickly decreases tendency towards shorting and naked shorting, gains advantage of first to market, keeps MMs out of sync and off balance, holds the element of suprise against other pharmas, demonstrates outstanding leadership and competency of the CEO, and increases value of ELTP quickly overcoming administrative hurdles. NH did not just give Camargo a research contract but a contract with incentives for finishing ahead of schedule. The quicker to market the more money there is to pay for more research. If NH enlists big pharma he will make them pay. ELTP is such a nice clean cut niche market stock with no financial baggage and low share count compared to many other OTC stocks. This is such a rare stock situation on the OTC. With such a short time to goal Lincoln would make more money simply going long too. Couch is correct in noting that if they were selling shares how could we be consolidating in the high 30's and low 40's.
ELTP holding up very well considering MM's have many accounts for every single stock. "Select", to trade among themselves, ECN's to trade anonymously, dark markets for overseas hedgies. etc. What you see on the screen at the top literally means nothing. Dissecting minute by minute action by bashers is the height of stupidity but an effort to skim off cheap shares. They know it. MM's are short by trade. They should just stick to scalping. Problems begin when investing for themselves. Considering buys/sells should be closed in days and since March naked shorts by the end of the day- 1,000,000 shorts is a lot. Consider 333,000 thousand shorts on average/day over 3 day span- compared to the volume like today. Then you realize ELTP holding up well. MM's trapped on Monday. Daytraders sold yesterday from Monday's trap and made money against the MM's. Longs-keep taking shares out of circulation which is good. WIth higher lows that leaves MMs', for example, having to cover shorts from .07 to .34 which means MM,s have to apply constant nonstop downward pressure. With each new high low MM's have to cover that difference. SEC watching how new March rules are being obeyed. Will see SEC uncover fraud before Obama leaves office. SEC just collecting data now.
Last Thurs. and Fri. were last ditch efforts by bashers, MMs and hedgies to grab all the cheap shares they could and drive the SP as low as they could go before this PR. It was suggested to ignore and do not sweat this effort. Bashers only can contest future events and talk about things that have not happened yet. Bashers are slowly running out of speculation and talking points. NH is outsmarting them(bashers, MMs, hedgies) by moving very very quickly which has put them in a real bind. They do not want ELTP to leave the OTC as ELTP was been a teal money makerfor them. As Aqua says Buy, Hold, Accumulate.
Do not sweat today. Last ditch final shake out before going north.
The only shares being pumped into ELTP today were naked short shares in an effort to drive the SP down and shake loose some weakly held shares. You can always tell this because there is a frantic effort by MMs at the end of the day to cover driving the SP back to where it began the day. MMs better get their asholes covered by mid month or they are toast. Because NH is moving so quickly the MMs cannot cover and keep up. MMs will be further buried by mid month.
40 million dollars will bring us a SP above $4.00. That is a great ROI. A big pharma taking over ELTP would much rather payoff a 40 million dollar debt which is daily spending money than have to deal with a 4 billion dollar improvement in SP because of a 40 million dollar investment.This is why big pharma, MM's, hedgies,and bashers do not want the SP to go up but especially they do not want ELTP leaving the OTC. MM's grossly miscalculated how fast NH is moving this company. They have found out naked shorting is not working and they are buried right now. It is the speed a which NH is moving that has caught them off guard. They thought the new CEO was going to be like Jerry. MM's could play games all day long and make lots of money. Believe me, when ELTP leaves OTC land there will be a lot of upset investors and it will cost big pharma a lot more to buy out ELTP.
Never post. Voted 1.325mil shares "for".
One aspect of what we saw the last couple of days was the need for MM's to reload their supply of stock. THey dropped the price bought shares and will sell again for more profit. They probably were naked shorting as well and needed to cover. They could have let this run on its own but had to cover their naked shorting. If their is naked shorting by MM's you will see the stock drop on sells of 100 shares,etc to the level they want to cover at. If their is no naked shorting going on then they will let the stock run because their only interest is the fee for buying and selling. Hard to imagine their is a stock shortage with 2.2 billion shares. What is really putting the MM's in a little bind is the unrelenting upward pressure on this stock. Hope it continues.
Amazing strength through the lunch hour. Amazing strength for 2.2 Billion shares. Amazing stock.Wish I had more.