Elite Pharmaceuticals Inc (ELTP): It is intriguing but the volume shows no...

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Elite Pharmaceuticals Inc (ELTP)

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Re: PH4RM4C3UT1C4LS post# 231877

Monday, 10/31/2016 6:17:37 PM

Monday, October 31, 2016 6:17:37 PM

It is intriguing but the volume shows no confidence. $30-50k traded per day is meaningless. There are very few technical trading indicators that work at this level and shows a deep lack of knowledge on the subject for anyone who quotes them. Look it up under requirements and/or assumptions usually listed as liquidity.

The pps is down from $.25 in Aug. That is not what most would call a victory. The past month on a chart looks like a parabola. Not something to take as a victory as well.

How about the silence is finally broken and you will see real volume. Then we can talk about what is good or bad in trading. In the end the pps tells the story.

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