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I bought 500k shares at average price of 3 cents in fall almost 2 years ago and I have added to that here and there mostly when it fell back between 12 and 15 cents. I made a few small buys yesterday but nothing huge. When I first started buying eltp it was for shyts and giggles but I liked the turn around in Financials and the possibilities of huge gains from nominal investment but now eltp is my 7th largest holding having just over 800k shares now. I was here 10 years ago when it made its run to .96 but at that time I only had 118k shares bought at around .08. I sold on the pull back in the .80 to .90 range but kept elite in my watch list. Fall of 2022 I stuck my toe back in.
I think considering the CEOs age and number of shares he has he will be looking to get Elite in a position to be bought in the next couple years. That's what I would do.
That is just my humble opinion
Why would you care what other people do? You are so negative. It's clear you don't like the stock so why don't you just go find a stock you like and post there all day?
Must be heart breaking to trash something day after day and see it go up.
ELTP BABY
No he didn't. He lied to you my son drives for ups and it's only 6k a month unless he had investments making him more. That's so funny you think they make more after retirement than they make during Christmas months with 30 to 49 hrs overtime a week
I'm out!! I can't watch it start falling again. I already lost 2/3s of my money
Monday's filing is considered standard after a company's initial public offering. It showed a potential sale of 146.1 million shares, including Trump's stake of 114.8 million shares, divided between the 78.75 million he currently owns and an additional stake he could receive if certain performance-based measures are achieved.
This was just put out by reuters!!
Shorts are smart and covered today now just waiting for you guys to spend what you have then take your money again
You guys are laughable and just keep on with the conspiracy theories. Keep trying you are very entertaining. Lololol
We know the truth. The stock is under valued at current price. Ex P/E 8. You guys come out on every dip with the same Ole lies predicting doom and gloom. It is not going to free fall because there are too many of us that know where this is going that will buy the dips.
Wrong again. Hahaha
Nice move up today!! 3 up days in a row.
Do we close in upper .14s today? One 20 buy pushes through .144 ask.
What smart invester sells while in upward trend with a PE of around 6
Be nice if we see upper .14s by end of the day. Imo this thing is going on a slow climb until news.
A few more small buys and it crosses 14 and headed higher.
Yep I think the climb is starting. P/E price should be .27 to .30
Keep buying small share lots and this thing is on its way up
Small 1000 share buys at ask will make a huge difference
I picked up another 20k shares. What day are you referring to when you say the price will drop? It has closed up each of the last 3 days!
In your dreams!!! Someone give this guy some shares . He can't afford 20 cents a share and needs it to go to 10 cents so he can buy a share. Lol
SMH. Please someone give this guy some shares!!! He really needs the price to go down so he can buy in because he can't afford 20 cent shares.
Iseriously doubt you a share holder. Just an someone that wants in and can't afford the price now
They aren't looking for truth or answers. Just re cycling same Ole thing over and over
Same old losers on here posting their nonsense. If you guys hate the company sell and move on. It doesn't make sense to be on here all day everyday bashing. There has to be an alternative motive. I have been investing for 30 years and I like what I see this company doing. Fundamentals look great.
1 PE 10.x
2 Revenues growing fast
3 company makes a profit that is increasing
4 multiple drugs in the pipeline
5 Company adding new facilities to meet growth
The bashers will hate this post and scream about someone doing shady deals with no proof. I have been in this long enough to see the .96 high and trip down. Doesn't make sense CEO owning 300 million shares and at his age to do illegal stuff that could cost him everything and put him in jail for the rest of his days.
There is something else at play here. Get a life and move on.
RC
IB you want the people on here to think you are so smart. That's why you go on with all the dribble you do. If I don't like a stock in my portfolio I sell it and move on. No good invester picks a stock they own apart day after day. Why would anyone that doesn't own stock in a company hang around a penny stock bashing it day after day??? You just try to look smart yet evidence is to the contrary. You started bashing me for what reason? Do you feel threatened by someone that has common sense? Here are the things important to a real investor
1 PE
2 Revenue is growing
3 Company is profitable
4 new product in the pipeline
5 CEO has a huge stock interest in the company.
I don't know you or what your motivation is but dude get a clue.
RC
Your reply is so on point. I have held eltp for over 10 years and started adding when they turned profitable. You call me hired to pump which is just showing you don't know what the hell your talking about. Soooo funny you fake.
All this negative stuff on here about Micah is BS trying to get people to sell because someone got out and now can't get back in!
CEO has 300 m shares and quibbling over 3.4 million is peanuts in that regard. Just ignore the dumbasses saying it is a problem. It is the same Ole tired asses that bash this day in and day out. The company wouldn't be acquiring new space and packaging unless needed in the next year. That being said this mat run sideways for a month but when anyone of the ANDAs are approved it will move up and revenue will grow shortly after.