Elite Pharmaceuticals Inc (ELTP): QUOTE: "Horrible close". If ELTP had...

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Elite Pharmaceuticals Inc (ELTP)

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Friday, 04/04/2014 7:48:59 PM

Friday, April 04, 2014 7:48:59 PM

QUOTE: "Horrible close".

If ELTP had gone slowly and steadily from approx .1125 in January to approx .37 today, everyone would be happy and saying that ELTP is the best thing since sliced bread.

The reason many people are upset (even those that never bought above .37) is that it shot from .1125 up to .97 and then slid back to .37 where it is now.

So maybe we should ask: what made it go to .97 in the first place? and aren't the fundamentals of the company actually much better now than they were then?

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