Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Sorry I'm "gloomy" at Mutual Admiration Society Meeting.

Smart investing is like smart writing. It's okay to break the rules as long as you understand the rules you are breaking, and as long as you break them with intention and purpose. Otherwise you just look ignorant and foolish.

My investment in ELTP breaks every rule. It's at the pinnacle of the risk pyramid. I have way too much money invested in a stock that costs less than a dollar and trades OTC, and I'm not properly diversified. I’ve done very well so far, but instead of taking profits, I keep buying more. If I ever showed my brokerage statements to a Registered Investment Advisor, I'd probably have to perform CPR on him. However, there is one rule I will not break: I do not have more at risk than I can afford to lose. Every year, we max out our 401K’s and Traditional IRA’s in “Retirement 2040” funds. But I don’t want to retire in 2040. I want to retire in 2021, and for that to happen, I need huge returns. Huge returns require huge risk- it requires breaking the rules- and I break them with intention and purpose. I accept huge risk, but I asses that risk constantly and understand it thoroughly.

I get the impression that some posters on this MB have no clue the kind of risk they’re involved in. If you rely on Investor Relations to answer your questions, you’re in trouble. Save your TRUST and FAITH for church. This is about MONEY, and I’m a scientist. I require FACTS and EVIDENCE. And when I don’t have them, I seek them. And when I’ve just proven I don’t have them, I don’t call others nonsensical.