Elite Pharmaceuticals Inc (ELTP): That bid is a one to two day stabilizer...

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Elite Pharmaceuticals Inc (ELTP)

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Tuesday, 09/27/2016 1:40:08 PM

Tuesday, September 27, 2016 1:40:08 PM

That bid is a one to two day stabilizer (based on average volumes), and someone does not want this stock to go below it for at least that long. This is only my speculation, but someone or some entity has invested $230,000 or so to keep this steady. at first I thought it might be a "rug puller" to set an offside trap for the stop losses, but now I am not so sure. However, if it is being done for some purpose, such as a price stabilization before news, then this could have leaked news implications.
Anyway, I am back in for a chunk, as I think there is something brewing, and I don't want to miss it!

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