Elite Pharmaceuticals Inc (ELTP)

[mts]

Sorry, I reached the limit of my posts and was unable to make the last post. Apparently, the 800 lb. Gorilla in the room that is accumulating showed up earlier in the day instead of at the end of the day. But MMs waited as long as they could for him to reappear. We ended the day slightly down with MMs buying to cover leaving it just short of breaking even. This is a typical pattern of trying to encourage selling and then covering at the last minute like no one would notice. Im sure they were able to buy some additional shares. But it was a failure for MMs. They tried all day to try to get some selling going but failed. They brought the price down and waited but no selling of significance occurred. Every time some one put in a buy order the share price immediately went up. MMs are running out of time and cannot afford days like this. All this effort and only down .0045. This suggests ELTP is resilient and as we get closer to the CC ELTP will rise. If one solid PR addresses the issues NH has mentioned it is over. MMs need these shares to sell if ELTP goes on a run to make a profit and they need shares to halt the rally by bringing the price slowly back down. At some point it is not coming back down.