Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Some hedgie keeps chomping up the float!

Why do you think there is very little retail bid support

No retail buyers because all the smart people on this MB are out of dry powder, and everybody else is chasing weed stocks. But it was fun to watch all the bid support this morning as the MM's scooped up shares for the hedge funds quietly building their positions.

I counted three quarters of a million shares in the first half-hour, barely put a dent in the share price. I don't know who is selling them, but I know who is buying. Chomp, chomp, chomp. That's the sound of a shrinking float.

MM Bid Support = Hedge Fund Buyer

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113516311