Personally, based on the current time frame and upcoming events, I do not believe the teens are a reality unless the market really takes a dump. Yes, that is a forward looking statement, but also one that based on the evidence, is firmly based in reality.
ELTP is not an especially turbulent stock, it has had its up and downs, agreed, but has not generally had wild swings over the last 52 weeks.
If you were to look at the chart, a low in the .22-.25 is a possibility. Why, it has a very strong base at those levels, and to collapse beneath that is going to be a true exercise of serious bad news. You can believe in technical s on the OTC or not, but there is some forecasting that can be made. And OTCS react to technicals just like many other stocks, there is still strong correlation to RSI, supports, resistance points.......
.17 was nothing but a blip when the market really took a crap. If I were betting against the Teens, I would do that ALL DAY long. Not that I am saying it wont happen, just saying it would really take some serious efforts or fear to cause that to happen and there is to much positive on the horizon.
Lastly, I agree the talk of $1-$4 is just hope, pump and slight possibility at this point. Until the NDA is submitted and accepted those levels are probably not attainable.
Here is my forward statements without merit, If ELTP hits .25 get ready for a bumrush of buyers. Anyone know who owns this stock that .25 is cheap for this stock. ELTP will run again, my thoughts are in december for 2 reasons. #1 MMs want to make some money for christmas / end of year and will push PPS up to create a buying frenzy. #2 many people believe we could get NDA news. It will be a great time to trade, but it will not hold. We will probably see big ups and downs over the next few months as the market decides what the best PPS is for elite pre elite NDA filing.
My 2 cents.
