Elite Pharmaceuticals Inc (ELTP): You are obfuscating, Doc Average dail...

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Elite Pharmaceuticals Inc (ELTP)

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Re: dr_lowenstein post# 153722

Tuesday, 05/12/2015 12:21:43 AM

Tuesday, May 12, 2015 12:21:43 AM

You are obfuscating, Doc

Average daily vol April 1 to today 1.012M/day

Average daily vol Jan1 to April 1 1.580M/day

Average daily vol for 2014 2.987M/day

Anybody who watches this stock knows that >1 million shares per day with no news is relatively high volume. J-La will gladly tell you these were mostly sells, and his close observation of Level 2 reveals "bid support" by the MM's. I don't watch Level 2, so I cannot say for myself. Maybe you think J-La is full of it with his "bid support" and his "sell-o-meter," but I've never seen you say so.

I'm just trying to keep an open mind. Why would the MM's support the bid? And if sells are dwarfing buys and the shares are not going to retail buyers, then where are they going? Who's left? Who is gobbling up these shares?

You're 100% right. I'm just making logical guesses. What's yours?

"There are three kinds of lies: lies, damned lies, and statistics."

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