Elite Pharmaceuticals Inc (ELTP)

[ice_n_ak]

Congrats on those who sold near the end of the trading day. The company has been very transparent with news and so barring the 'unexpected' news of buyout or partner tomorrow will be another excellent day to sell. I now see the trends of, "Eltp is going up, up, up..." and when any expected positive news comes out, bam! Selling for profit takes place and the pps cannot sustain support and drops so those sellers can buy again.

In fact, if multiple traders sold about 30 million shares tomorrow panic would set in and drive the pps down to .30 (maybe less) and then with timed small buys the smart traders would reload the barrel.

There are some traders making some fantastic profits with this stock, just look at the chart.

If I was brave enough and had the money to spend I'd sell my decent amount of shares with the rest of the players and then buy back as the price drops. But, my plan for this stock is to hold until Fall and start to take the expected profits without the tax burden.

In the meantime, congrats to those of you playing the game.